Alpex Solar Limited IPO is an NSE SME IPO. They are going to raise ₹74.52 Crores via IPO. The issue is priced at ₹109 to ₹115 per equity share. The IPO is to be listed on NSE.
Alpex Solar Limited IPO opens for subscription on February 08, 2024, and closes on February 12, 2024. The allotment for the Alpex Solar Limited IPO is expected to be finalized on February 13, 2024. Alpex Solar Limited IPO will list on NSE SME with tentative listing date fixed as Friday, February 15, 2024.
| Alpex Solar Limited | NSE SME |
| Minimum Investment ₹138,000 /1 Lot (1200 shares) | Price Range ₹109-₹115 | |
| Max Quantity 1 Lots/1200 Shares | Max Investment ₹138,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 74.52 Cr | Employee Discount ₹0 |
| Total Issue Size 6,480,000 Shares (aggregating up to ₹74.52 Cr) | Share Holding Pree Issue 17,993,400 | Issue Type Book Build Issue IPO |
| Fresh Issue Share 6,480,000 Shares (aggregating up to ₹74.52 Cr) | Share Holding Post Issue 24,473,400 | Listing At NSE SME |
| Market Maker Portion 324,000 shares (Ss Corporate securities) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 08 Feb 2024 |
| Offer Ends | 12 Feb 2024 |
| Allotment | 13 Feb 2024 |
| Refunds | 14 Feb 2024 |
| Credit of shares to Demat account | 14 Feb 2024 |
| IPO Listing | 15 Feb 2024 |
About Alpex Solar Limited
- Incorporated in August 1993, Alpex Solar Limited is a manufacturer of Solar panels. The company uses monocrystalline and polycrystalline cell technologies.
- The company offers a range of solar panel modules including bifacial, mono PERC, and Half-Cut module. The company offers solar energy solutions, including AC/DC solar pumps EPC for surface and submersible categories.
- They manufacture and deliver solar panels in the B2B space and also serve as a contract manufacturer for several large companies, including Luminous, Jackson, and Tata Power. Their solar panels are delivered to companies, with a specific focus on EPC companies such as Solar World Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
- These companies install their solar panels at their clients’ locations after securing orders. As for solar water pumps, they target the B2C segment. They begin by applying for tenders in respective states, and if they succeed in winning the tender, they proceed to assess the installation site and subsequently install solar water pumps at the designated locations.
- Their Plant is approved after undergoing rigorous quality and production process due diligence by numerous government and private companies, including Tata Power, Luminous Power, Jakson Power, as well as government agencies such as NTPC, NHDC, Haryana Renewable Energy Development Agency (HAREDA), Chhattisgarh State Renewable Energy Development Agency (CREDA), Punjab Energy Development Agency (PEDA), Rajasthan Agricultural Competitiveness Project (RACP), and HP Saur Sinchai Yojana.
| Incorporated in | Managing Director |
| 1993 |
Share Holding
| Share Holding Pre-Issue | 93.53% |
| Share Holding Post-Issue | 68.76% |
Alpex Solar Limited IPO Prospectus
| Alpex Solar Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹19,592.07 | ₹16,853.62 | ₹14,972.96 |
| Assets | ₹12,559.64 | ₹10,003.75 | ₹9,935.35 |
| Profit | ₹378.58 | ₹19.42 | ₹315.23 |
Fundamentals
| Values | Values | ||
| Market cap | 281.44 Cr | ROE | 9.55% |
| P/E (X) | 54.66 | ROCE | 18.81% |
| POST P/E (X) | 18.5 | EPS | 2.1 |
| Debt to Equity | 1.14 | RONW | 9.55% |
Objects of the Issue
- Funding Capital Expenditure for upgradation and expansion of the existing solar module manufacturing facility by increasing 750 MW.
- Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for the solar module.
- To Meet Working Capital requirements of the Company.
- General Corporate Expenses
Brokerage Firm IPO Review
- To be updated soon
| Alpex Solar Limited Contact Details | |
| Address | Alpex Solar Limited B-79 Shivalik Enclave Near Malviya Nagar New Delhi -110017 |
| Phone: | +91 – 9971751589 |
| csalpex@alpexonline.com | |
| Website | http://www.alpexsolar.com/ |
| Alpex Solar Limited IPO Registrar | |
| . | Skyline Financial Services Private Ltd |
| Phone | 02228511022 |
| ipo@skylinerta.com | |
| Website | https://www.skylinerta.com/ipo.php |
| Alpex Solar Limited IPO Allotment Status Check |
| Alpex Solar Limited IPO Allotment Status Check Click Here |
| Alpex Solar Limited Lead Managers | |
| Corporate Capital Ventures Pvt Ltd 160, Lower Ground Floor, Vinoba Puri, Lajpat Nagar � II, New Delhi 110 024 | |
| Phone | +91 11 4170 4066 |
| info@ccvindia.com | |
| Website | http://ccvindia.com/ |
Alpex Solar Limited IPO FAQs
What is Alpex Solar Limited IPO?
- Alpex Solar Limited IPO is an NSE SME IPO. They are going to raise ₹74.52 Crores via IPO. The issue is priced at ₹109 to ₹115 per equity share. The IPO is to be listed on NSE.
When Alpex Solar Limited IPO will open?
- The IPO is to open on February 08, 2023, for NII, and Retail Investors.
What is Alpex Solar Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Alpex Solar Limited IPO Size?
- Alpex Solar Limited IPO size is ₹74.52 crores.
What is Alpex Solar Limited IPO Price Band?
- Alpex Solar Limited IPO Price Band is ₹109 to ₹115 per equity share.
What is Alpex Solar Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1200 Shares) with ₹138.000. and Maximum Lot Size 1 Lots (1200 Shares) with ₹138,000
What is Alpex Solar Limited IPO Allotment Date?
- Alpex Solar Limited IPO allotment date is February 13, 2024.
What is Alpex Solar Limited IPO Listing Date?
- Alpex Solar Limited IPO listing date is February 15, 2024. The IPO to list on NSE.