Australian Premium Solar IPO Subscription Status: Check latest GMP, listing date and other details

Updated on January 14, 2024, 11:19 AM IST

Australian Premium Solar (India) will launch its initial public offering (IPO), a book-built issue worth Rs 28.08 Crores, exclusively through a fresh issue of 52 lakh shares. On the second day of the subscription period, Australian Premium Solar's IPO was oversubscribed by more than 70 times.

Australian Premium Solar IPO (Image source: iStockphoto, TN Digital)

Australian Premium Solar (India) will launch its initial public offering (IPO), a book-built issue worth Rs 28.08 Crores, exclusively through a fresh issue of 52 lakh shares. On the second day of the subscription period, Australian Premium Solar's IPO was oversubscribed by more than 70 times.

Australian Premium Solar IPO subscription window

The Australian Premium Solar (India) IPO subscription opened on January 11, 2024 and is scheduled to close on January 15, 2024.

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Australian Premium Solar IPO allotment date

The allocation process is expected to be completed on Tuesday, January 16, 2024.

Australian Premium Solar listing date

Australian Premium Solar's IPO is scheduled to list on the NSE SME by Thursday, January 18, 2024.

Australian Premium Solar IPO Price Band

The price range for the IPO of Australian Premium Solar (India) is Rs 51 to Rs 54 per share, with the minimum lot size for an application set at 2000 shares. Retail investors are required to make a minimum investment of Rs 108,000. For High Net Worth Individuals (HNI), the minimum investment size is 2 lots (4,000 shares), which amounts to Rs 216,000.

Australian Premium Solar IPO GMP

The gray market premium (GMP) for Australian Premium Solar's IPO is currently at Rs 30.

About Australian Premium Solar

Australian Premium Solar (India) Limited specializes in manufacturing monocrystalline and polycrystalline solar panels. In addition, the company offers comprehensive engineering, procurement and construction (EPC) services for a wide range of applications including residential, agricultural and commercial projects. The company was founded in 2013.

(Disclaimer: The above article is for informational purposes only and should not be considered as investment advice. TN NOW DIGITAL recommends its readers/audience to consult their financial advisors before making any money-related decisions.)