Australian Premium Solar (India) IPO Review, Date, Price, GMP

Australian Premium Solar (India) Limited is a known company, in the industry. They specialize in producing Monocrystalline and Polycrystalline Solar Panels as well as providing Engineering, Procurement, and Construction (EPC) services. Their manufacturing facility in Tajpur, Sabarkantha, Gujarat is equipped with technology to ensure the production of notch solar products, for residential, agricultural, and commercial purposes.

The company’s primary focus is on the production of Solar Panels (PV Modules) and the provision of EPC services for solar systems. With a manufacturing facility spanning 25,375 square meters in Sabarkantha, Gujarat, boasting an annual capacity of 200 MW, Australian Premium Solar (India) Limited currently manufactures both Monocrystalline and Polycrystalline solar panels.

There are two categories of panels; Monocrystalline Solar Panels and Polycrystalline Solar Panels. The difference lies in their core component, which’s the cell made of semiconductor materials, like silicon wafers. Monocrystalline panels have an efficiency and a uniform dark appearance because they are made from a crystal structure allowing for strategic placement of bus bars. On the other hand, Polycrystalline solar cells have a speckled appearance due, to their multiple crystal structures requiring bus bars to be positioned accordingly to accommodate the less uniform look.

Apart, from producing the company also provides installation services for panels and solar pumps. These installation services cater to commercial and agricultural sectors serving than 10,000 distinct customers.

The core business activities are divided into two main categories:

a) Manufacturing of solar panels: The company sources solar cells and raw materials from domestic or international markets based on end-use requirements. The manufacturing process transforms these materials at the facility into solar modules, which are then sold to various customers for diverse applications.

b) EPC Services:

1. Installation Services for Solar Rooftop: The company provides comprehensive rooftop solar installation services for residential and commercial purposes, ensuring optimal energy harvesting based on locational requirements.

2. Installation of Solar Pump: Australian Premium Solar (India) Limited offers installation services for solar pumps nationwide, comprising submersible pumps, solar modules, and other necessary spare parts. The company procures solar pumps from various manufacturers and installs them with self-manufactured solar modules to meet client specifications.

Australian Premium Solar (India) IPO Complete Details:

Australian Premium Solar (India) IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP Of Australian Premium Solar (India) is Around 30 Rs.

Objects Of Issue:

1. Securing capital for capital expenditure needs.

2. Fulfilling working capital requirements.

3. Addressing general corporate purposes.

4. Covering expenses related to a public issue.

Promoters:

1. Mr. Chimanbhai Ranchhodbhai Patel:

   – Position: Promoter-Non-Executive Director

   – Age: 69 years

   – Education: Bachelor of Education (B.E) from Gujarat University

   – Experience: More than 9 years in the Solar industry.

2. Mrs. Savitaben Chimanbhai Patel:

   – Position: Promoter and Executive Director (Previous association)

   – Age: 62 years

   – Experience: More than 9 years in the field of Solar Industry.

3. Mr. Nikunjkumar Chimanlal Patel:

   – Position: Chairman and Executive Director

   – Age: 42 years

   – Education: Master of Engineering from the University of South Australia

   – Experience: More than 10 years in the Solar Industry.

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