Australian Premium Solar (India) IPO Allotment Finalised, Check Allotment Status Now

The Australian Premium Solar (India) Initial Public Offering (IPO) concluded its subscription period on January 15, after opening on January 11. This IPO, with a total issue size of Rs 28.08 crores saw a remarkable subscription of 464.19 times. On the last day, Qualified Institutional Buyers (QIBs) subscribed 107.02 times, Non-Institutional Investors (NIIs) subscribed 772.87 times, and Retail investors subscribed 535.77 times. The price band for the IPO was fixed at Rs 51 to Rs 54 per share, with a minimum lot size of 2000 shares.

The allotment for the Australian Premium Solar (India) IPO was finalised on Tuesday, January 16, 2024.

Investors can check Australian Premium Solar IPO allotment status on the official website of the registrar for IPO, Link Intime India Private Limited.

• Visit the official website of Link Intime India Private Limited: https://linkintime.co.in/MIPO/Ipoallotment.html.

• Select "Australian Premium Solar Limited" from the drop-down menu.

• Choose one of the three options: Application number, Demat Account number, or PAN ID.

• Provide the relevant details of the selected mode in step 2.

• Fill the captcha accurately for security purposes.

• Click on the "Submit" button.

Australian Premium Solar IPO will be listed on NSE SME on Thursday, January 18, 2024.

• IPO Open Date: Thursday, January 11

• IPO Close Date: Monday, January 15

• Basis of Allotment: Tuesday, January 16

• Initiation of Refunds: Wednesday, January 17

• Credit of Shares to Demat: Wednesday, January 17.

• Listing Date: Thursday, January 18.

• Total issue size: Rs 28.08 Crores

• Face value: Rs 10 per share

• Shares for fresh issue: 5,200,000 shares

• Price band: Rs 51 to Rs 54 per share

• Lot size: 2000 Shares

Established in 2013, Australian Premium Solar (India) Limited is a company based in Sabarkantha, Gujarat, India, specializing in the production of solar panels and offering engineering, procurement, and construction (EPC) services for homes, farms, and businesses. They make two types of solar panels: monocrystalline, known for their efficient and uniform design, and polycrystalline, recognized for their blue or speckled appearance. The company has successfully installed solar panels and pumps for over 10,000 customers, with the majority benefiting residential buildings and agricultural needs. By August 31, 2023, they have become a key player in the solar industry, employing a dedicated team of 169 individuals.