| IPO date | 11 Jan 2024 – 15 Jan 2024 |
| Listing date | 18 Jan 2024 |
| Price range | 51 – 54 |
| Minimum order quantity | 2000 | (D)RHP | View |
Australian Premium Solar (India) Limited is launching its IPO. The offer opens for subscription on January 11, 2024, and will close on January 15, 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Australian Premium Solar (India) Limited do?
The company initially known as “Australian Solar Panel (India) Private Limited” was established on May 23, 2013, in Gujarat, Dadra and Nagar Haveli, and changed its name to “Australian Premium Solar (India) Private Limited” in November 2013 and later converted from a private limited to a public limited company in July 2023, becoming “Australian Premium Solar (India) Limited”.
Based in Tajpur, Sabarkantha, Gujarat, the company manufactures both monocrystalline and polycrystalline solar panels at its 25,375-square-meter, 200 MW-capacity manufacturing facility. The distinction between these lies in their solar cell composition, affecting efficiency and appearance. It also offers Engineering, Procurement, and Construction (EPC) services and its products cater to residential, agricultural, and commercial installations.
Additionally, the company holds ISO 9001:2015 certification from M/s. OSS Certification Services Private Limited and offers installation services for solar panels and pumps, serving households, industries, and agriculture. Their track record includes more than 10,000 customers, with over 9,500 rooftop installations for residential use and over 1,300 solar pump installations for agricultural purposes as of August 31, 2023.
The core business can be divided into the following categories:
- Manufacturing of solar panels
- EPC Services;
- Installation Services for Solar Rooftop
- Installation of Solar Pump
Schedule of Australian Premium Solar (India) Limited IPO
| Issue Period | 11th January to 15th January 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | January 16, 2024 |
| Initiation of Refunds | January 17, 2024 |
| Credit of Shares | January 17, 2024 |
| Date of Listing | January 18, 2024 |
| Mandate end date | January 30, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | February 15, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | April 15, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Australian Premium Solar (India) Limited IPO?
You can apply for the Australian Premium Solar (India) Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Australian Premium Solar (India) Limited IPO?
You can check the allotment status for the Australian Premium Solar (India) Limited IPO on the website of the Registrar and Transfer agent.