Australian Premium Solar (India) IPO vs Qualitek Labs IPO

Comparision between Australian Premium Solar (India) IPO and Qualitek Labs IPO.

IPO Details

Australian Premium Solar (India) IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Qualitek Labs IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Australian Premium Solar (India) IPO	Qualitek Labs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Spread X Securities Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Australian Premium Solar (India) IPO is up to ₹28.08 Cr whereas the issue size of the Qualitek Labs IPO is up to ₹19.64 Cr. The final issue price of Australian Premium Solar (India) IPO is ₹54.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

	Australian Premium Solar (India) IPO	Qualitek Labs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share
Issue Price (Upper)	₹54.00 per share
Issue Price (Final)	₹54.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	52,00,000 shares	19,64,400 shares
Fresh Issue Size (Amount)	up to ₹28.08 Cr	up to ₹19.64 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,00,000 shares	19,64,400 shares
Issue Size Total (Amount)	up to ₹28.08 Cr	up to ₹19.64 Cr

IPO Timetable

Australian Premium Solar (India) IPO opens on Jan 11, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of Australian Premium Solar (India) IPO and Qualitek Labs IPO is Jan 15, 2024, and Jan 23, 2024, respectively.

	Australian Premium Solar (India) IPO	Qualitek Labs IPO
Anchor Bid Date	Jan 10, 2024
Issue Open	Jan 11, 2024	Jan 18, 2024
Issue Close	Jan 15, 2024	Jan 23, 2024
Basis Of Allotment (Tentative)	Jan 16, 2024	Jan 24, 2024
Initiation of Refunds (Tentative)	Jan 17, 2024	Jan 25, 2024
Credit of Share (Tentative)	Jan 17, 2024	Jan 25, 2024
Listing date (Tentative)	Jan 18, 2024	Jan 29, 2024
Anchor Lockin End date 1	Feb 15, 2024	Feb 23, 2024
Anchor Lockin End date 2	Apr 15, 2024	Apr 23, 2024

Financials

Australian Premium Solar (India) IPO P/E ratio is 23.58, as compared to Qualitek Labs IPO P/E ratio of 18.21.

Australian Premium Solar (India) IPO

Qualitek Labs IPO

Financial

Australian Premium Solar (India) Limited Financial Information (Restated)

Australian Premium Solar (India) Limited's revenue decreased by -3.43% and profit after tax (PAT) rose by 23.27% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,416.89	3,918.90	3,468.37	3,501.67
Revenue	5,027.28	9,495.86	9,832.92	7,443.97
Profit After Tax	113.16	333.43	270.48	180.11
Net Worth	1,563.37	1,446.62	1,113.19	847.10
Reserves and Surplus	109.37	1,444.62	1,111.19	845.10
Total Borrowing	196.23	222.13	299.37	328.96
Amount in ₹ Lakhs

Qualitek Labs Limited Financial Information (Restated Standalone)

Qualitek Labs Limited's revenue increased by 61.03% and profit after tax (PAT) rose by 161.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,409.68	3,955.61	2,219.86	1,459.88
Revenue	1,250.74	1,935.13	1,201.73	637.44
Profit After Tax	200.93	296.91	113.57	46.11
Net Worth	1,187.46	986.52	189.61	-22.96
Reserves and Surplus	646.71	445.77	143.61	-23.96
Total Borrowing	2,499.59	2,344.67	1,728.68	1,121.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

99.99%

Promoter Shareholding (Post-Issue)

73.64%

73.35%

P/E Ratio

23.58

18.21

Market Cap

₹106.60 Cr.

₹73.72 Cr.

ROE

26.05%%

50.49%%

ROCE

30.62%%

13.76%%

Debt/Equity

0.15

EPS

₹2.29

₹5.49

RoNW

23.05%%

30.10%%

Shares Offered

In the Australian Premium Solar (India) IPO retail investors (RII) are offered 17,30,000 shares while in Qualitek Labs IPO retail investors are offered 17,30,000 shares. Qualified institutional buyers (QIB) are offered 9,88,000 shares in Australian Premium Solar (India) IPO and 0 shares in Qualitek Labs IPO.

	Australian Premium Solar (India) IPO	Qualitek Labs IPO
Anchor Investor Reserveration	14,80,000 shares
Market Maker Reserveration	2,60,000 shares	99,600 shares
QIB	9,88,000 shares	0 shares
NII	7,42,000 shares	9,32,400 shares
RII	17,30,000 shares	9,32,400 shares
Employee	0 shares	0 shares
Others
Total	34,60,000 shares	18,64,800 shares

Bids Received (Subscription)

Australian Premium Solar (India) IPO subscribed 464.19x in total, whereas Qualitek Labs IPO subscribed 58.95x.

	Australian Premium Solar (India) IPO	Qualitek Labs IPO
QIB (times)	107.02x
NII (times)	772.87x	69.37x
Big NII (times)
Small NII (times)
RII (times)	535.77x	39.23x
Employee (times)
Other (times)
Total (times)	464.19x	58.95x

Compare with others

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Akanksha Power and Infrastructure IPO	Australian Premium Solar (India) IPO

1 Comments

1. BhagirathSinh Parmar

| Link|January 15, 2024 9:51:11 AMReply

What is minimum lot requirement to get confirmed allotment in New Swan and Australian Premium Solar