What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the price band for Australian Premium Solar (India) Limited IPO?

The price band for Australian Premium Solar (India) Limited IPO is set at ₹51 to ₹54 per equity share with a minimum lot size of 2000 shares.

When does Australian Premium Solar (India) Limited IPO open and close?

The Australian Premium Solar (India) Limited IPO opens on 2024-01-11 and closes on 2024-01-15. The allotment date is 2024-01-16 and the listing date is 2024-01-18.

What is the current GMP of Australian Premium Solar (India) Limited IPO?

The current grey market premium (GMP) for Australian Premium Solar (India) Limited IPO is ₹55, implying an estimated listing price of ₹109 (101.85% gain over the upper price band).

How do I check Australian Premium Solar (India) Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Link Intime India Private Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Australian Premium Solar (India) Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2013, Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar modules and provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications. The company offers monocrystalline solar panels, known for higher efficiency and a uniform appearance, and polycrystalline solar panels, which have a distinctive blue or speckled look. In addition to solar panel production, the company provides installation services for residential, industrial, and agricultural solar solutions, including solar pumps. By August 31, 2023, it had installed solar panels for over 10,000 customers, including more than 9,500 on residential rooftops and 1,300 solar pumps for agricultural use. The company operates a manufacturing facility in Sabarkantha, Gujarat, and employed 169 people as of July 31, 2023.

Price Band

₹51 – ₹54

Issue Size

₹28.08 Cr

Lot Size

2000 shares

GMP

₹55

+101.8%

Est. Listing

₹109

at current GMP

Subscribed

463.14x

overall

Open

11 Jan 2024

15 Jan 2024

Allotment

16 Jan 2024

Refund

17 Jan 2024

Demat Credit

18 Jan 2024

Listing

18 Jan 2024

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Indian market segment
•Price band established at ₹51 - ₹54 per equity share
•Minimum bid lot is 2000 shares
•Estimated listing target of ₹109 based on current grey market activity