Australian Premium Solar (india) Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Australian Prem

CMP

441.70

+15.10 (3.54%)

  • DRHP
₹54

Offer Price

₹ 28.08 Cr

Issue Size

₹ 1,08,000

Min Investment

2,000

Lot size

Time Line

  • 11
    Jan 2024
    Open
  • 15
    Jan 2024
    Close
  • 16
    Jan 2024
    Finalisation of Basis of Allotment
  • 17
    Jan 2024
    Initiation of Refunds
  • 17
    Jan 2024
    Transfer of Shares to Demat Account
  • 18
    Jan 2024
    Listing Date

Objects of the Offer

  • Expanding EPC vertical.

  • Improve Domestic Presence.

  • Leveraging its market skills and relationship.

  • Optimal Utilization of Resources.

  • Customer Satisfaction.

Products & Services

  • The company is in the business of manufacturing of Monocrystalline and Polycrystalline solar panels and engineering, procurement, and construction("EPC") services thereof.

Strengths

  • Experienced Promoters and Management Team.

  • Long term Relationship with the Clients.

  • Scalable Business Model.

Risks

  • The Company, Promoters, Promoters Group and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business and financial status. A classification of these legal and other proceedings is given below:

  • The Comapny`s Registered Office from where its operate is not owned by it.

  • The Company`s dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • Its highly depend on it major raw materials and a few key suppliers who help it procure the same. the Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event its unable to procure adequate amounts of raw materials, at competitive prices it business, results of operations and financial condition may be adversely affected.

  • The company`s revenues are highly dependent on it operations in geographical region of state of Gujarat. Any adverse development affecting it operations in this region could have an adverse impact on the company is business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
26.34%
Pre Holding

99.98%

Post Holding

73.64%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 94.56 (0.00%) 26.02 (-) 23.05 (-11.40%)
Gross Profit 94.56 (0.00%) 26.02 (-) 23.05 (-11.40%)
Net Income 94.56 (0.00%) 26.02 (-) 23.05 (-11.40%)
Assets 94.56 (0.00%) 26.02 (-) 23.05 (-11.40%)
Liabilities 94.56 (0.00%) 26.02 (-) 23.05 (-11.40%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Australian Premium Solar (India) Ltd 94.56 3.33 16.93 2.46 23.05 0.00 7,233.10 1.30 0.13
Zodiac Energy Ltd 137.66 3.19 94.71 94.71 8.84 2.18 24.64 3.36 1.25

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Tajpur NH-08,
TA-Prantij,
Sabarkantha - 383205
Phone : +91 87359 32511 Email : compliance@australianpremiumsolar.co.in www.australianpremiumsolar.co.in

Offer Related Information

Initial public issue of 5200000 equity shares of face value of Rs. 10/- each of Australian Premium Solar (India) Limited ("APS" or the "Company" or the "Issuer") for cash at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share (the "Issue Price") aggregating to Rs. 28.08 crores ("The Issue"), of which 260000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share... More

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