Australian Premium Solar (India) Ltd - IPO

Australian Premium Solar (India) Ltd IPO Details

Initial public issue of 5200000 equity shares of face value of Rs. 10/- each of Australian Premium Solar (India) Limited (APS or the Company or the Issuer) for cash at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share (the Issue Price) aggregating to Rs. 28.08 crores (The Issue), of which 260000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share aggregating to Rs. 1.40 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 4940000 equity shares of face value of Rs. 10/- each at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share aggregating to Rs. 26.68 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.34 % and 25.03%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.

Objective of issue

Funding capital expenditure. To meet working capital requirements. General corporate purposes.

Australian Premium Solar (India) Ltd Contact Details

Australian Premium Solar (India) Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@australianpremiumsolar.co.in

Website - www.australianpremiumsolar.co.in