After 450x subscription, Australian Premium Solar IPO allotment expected today. Check status, GMP, listing date and other details

The share allotment for the SME IPO of Australian Premium Solar will likely be finalised today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.

The allotment status can also be checked by visiting the official website of the registrar to the issue which is Link Intime India in this case.


Step 1: Visit the IPO Allotment Status page on Link Intime India website

Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

The SME IPO of Australian Premium Solar was subscribed over 450 times at close. The category reserved for retail investors was subscribed 530 times and the NII portion was booked 770 times. The QIB part of the IPO was booked 107 times.

The net proceeds from the public offer will be used for funding capital expenditure, working capital requirements and general corporate purposes.

Australian Premium Solar GMP

Australian Premium Solar has GMP of Rs 50 in the unlisted market. The company's shares will likely get listed on January 18.

Australian Premium Solar is in the business of manufacturing Monocrystalline and Polycrystalline solar panels and engineering, procurement, and construction (EPC) services thereof. The products manufactured by the company are used in residential, agricultural and commercial installations.

For the period ended September 2023, the company clocked revenues of Rs 50.17 crore and net profit of Rs 1.13 crore.

Beeline Capital Advisors is acting as the lead manager to the issue and Link Intime India is the registrar.

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