Australian Premium Solar IPO: Check out allotment date, listing date, other key details

Australian Premium Solar IPO: The SME IPO of Australian Premium Solar, a manufacturer of monocrystalline and polycrystalline solar modules, will be open for subscription till January 15.

Australian Premium Solar IPO allotment date: The allotment for the Australian Premium Solar (India) IPO will likely be finalised tentatively on January 16. | Image: Unsplash

Australian Premium Solar IPO: Monocrystalline and polycrystalline solar modules maker Australian Premium Solar (India) launched an initial public offer (IPO) on stock exchange NSE's SME platform on Thursday, January 11. The book-built offer, comprising fresh issuance of 52 lakh shares amounting to Rs 28.08 crore, will remain open from 10 am to 5 pm for three trading days, till January 15.

Here are some of the key things to know about the Australian Premium Solar IPO:

Important dates | Australian Premium Solar IPO allotment date, listing date

The allotment for the Australian Premium Solar (India) IPO is likely to be finalised tentatively on January 16.

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Australian Premium Solar (India) shares will be listed on the NSE SME platform tentatively on January 18, 2024.

Australian Premium Solar IPO issue price

The company has set a price band of Rs 51-54 per share for the IPO.

Australian Premium Solar IPO lot size

Potential investors can bid for the IPO in multiples of 2,000 shares.

Australian Premium Solar IPO: Book-running lead managers

Beeline Capital Advisors is the book-running lead manager and Link Intime India is the registrar for the Australian Premium Solar (India) IPO.

Australian Premium Solar IPO: Fund utilisation

The company plans to utilise the proceeds from the issue towards:

Funding capital expenditure
To meet working capital requirements and general corporate purposes
To meet public issue expenses

What does Australian Premium Solar IPO do?

Incorporated in 2013, Australian Premium Solar (India) manufactures monocrystalline and polycrystalline solar modules and provides engineering, procurement, and construction (EPC) services for residential, agricultural as well as commercial applications.

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Australian Premium Solar IPO