Australian Premium Solar shares debut with 159% premium over issue price

January 18, 2024

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.

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