Alpex Solar Limited IPO Date, Price, Allotment Details

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, 2024Alpex Solar Limited IPO will list on NSE SME with tentative listing date fixed as Friday, February 15, 2024.

Alpex Solar LimitedNSE SME
Alpex Solar Limited Details
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 Starts08 Feb 2024
Offer Ends12 Feb 2024
Allotment13 Feb 2024
Refunds14 Feb 2024
Credit of shares to Demat account14 Feb 2024
IPO Listing15 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 inManaging Director
1993

Share Holding

Share Holding Pre-Issue93.53%
Share Holding Post-Issue68.76%

Alpex Solar Limited IPO Prospectus

Alpex Solar Limited IPO Prospectus
DRHP Draft ProspectusClick Here
RHP Draft ProspectusClick Here

Financials

Year202320222021
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
All values are in Rs. Lakhs

Fundamentals

ValuesValues
Market cap281.44 CrROE9.55%
P/E (X)54.66ROCE18.81%
POST P/E (X)18.5EPS2.1
Debt to Equity1.14RONW9.55%

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
AddressAlpex Solar Limited
B-79 Shivalik Enclave
Near Malviya Nagar
New Delhi -110017
Phone:+91 – 9971751589
E-mailcsalpex@alpexonline.com
Websitehttp://www.alpexsolar.com/
Alpex Solar Limited
IPO Registrar
.Skyline Financial Services Private Ltd
Phone02228511022
E-mailipo@skylinerta.com
Websitehttps://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
E-mailinfo@ccvindia.com
Websitehttp://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.