Australian Premium Solar, a manufacturer of Monocrystalline and Polycrystalline solar panels, debuted with a 159.3% premium on the NSE SME platform. The IPO garnered subscription of over 450 times, with the retail investors category subscribed 530 times and the NII portion booked 770 times. The QIB part of the IPO was booked 107 times. The net proceeds will be used for capital expenditure, working capital, and general corporate purposes.
The share allotment for the SME IPO of Australian Premium Solar will be finalised today. Investors will know the number of shares allotted to them on the allotment date. They can check the allotment status by visiting the BSE or the registrar s website. The SME IPO was subscribed over 450 times, with the retail category subscribed 530 times, the NII portion booked 770 times, and the QIB part booked 107 times. The proceeds from the public offer will be used for capital expenditure and working capital. The company s shares will likely get listed on January 18.
The issue of Australian Premium was subscribed 380 times so far on the third day of the bidding process, driven by robust demand from NII and retail investors.