Australian Premium Solar (India) is set to launch its Initial Public Offering (IPO), a book-built issue amounting to Rs 28.08 crores, exclusively through a fresh issue of 52 lakh shares. On the second day of the subscription period, the Australian Premium Solar IPO has been oversubscribed by over 70 times.
Australian Premium Solar IPO Subscription WindowThe IPO subscription for Australian Premium Solar (India) opened on January 11, 2024, and is scheduled to close on January 15, 2024.
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Australian Premium Solar IPO Allotment DateThe allotment process is expected to conclude on Tuesday, January 16, 2024,
Australian Premium Solar IPO Listing DateThe IPO of Australian Premium Solar is set to be listed on NSE SME by Thursday, January 18, 2024.
Australian Premium Solar IPO Price BandThe price band for the Australian Premium Solar (India) IPO is established at Rs 51 to Rs 54 per share, with a 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 lot size investment is 2 lots (4,000 shares), amounting to Rs 216,000.
Australian Premium Solar IPO GMPThe Grey Market Premium (GMP) for the Australian Premium Solar IPO currently stands at Rs 30.
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Australian Premium Solar AboutAustralian Premium Solar (India) Limited specialises in the manufacturing of monocrystalline and polycrystalline solar modules. Additionally, the company offers comprehensive engineering, procurement, and construction (EPC) services catering to a wide range of applications, including residential, agricultural, and commercial projects and the company was incorporated in 2013.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
