Alpex Solar Limited IPO
NSE SMEListed On: Feb 15, 2024 at ₹ 329.0
₹ 138000 /1200 Shares
Check Allotment08 Feb, 2024
Open Date12 Feb, 2024
Close Date13 Feb, 2024
Allotment Date15 Feb, 2024
Listing DateIssue Price
₹109-115 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
329.0Listing Date
2024-02-15Market Lot
1200 Shares (₹138,000/-)Lead Manager
Corporate Capitalventures Pvt LtdIssue Size
6,480,000 shares(aggregating up to ₹74.52 Cr)Retail Portion
35%Subscription
324.02 timesAlpex Solar Limited IPO Details
Alpex Solar Limited IPO is an SME IPO, priced at ₹109-115 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 64,80,000 equity shares, aggregating up to ₹74.52 crores..
The IPO bidding window is open from Feb 8, 2024 to Feb 12, 2024. The allotment is expected to be finalized on Feb 13, 2024, and the tentative listing date is Feb 15, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,38,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,76,000.
Corporate Capitalventures Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Ss Corporate Securities Limited will act as the market maker for this issue.
Alpex Solar Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,231,200 / 924,000 | 2,155,200 | 4,310,400 |
| Day 1 - 08-02-24 06:00 PM | 0.09 / 26.13 x | 50.44 x | 30.85 x |
| Day 2 - 09-02-24 06:00 PM | 0.90 / 73.19 x | 133.86 x | 82.88 x |
| Day 3 - 12-02-24 06:00 PM | 141.34 / 502.66 x | 351.89 x | 324.02 x |
Alpex Solar Limited Valuations
EPS Pre IPO
₹2.1/-EPS Post IPO
₹6.22/-P/E Pre IPO
54.66P/E Post IPO
18.5ROE
9.55%ROCE
18.81%Debt/Equity
1.14RoNW
9.55%Price to Book Value
1.66Alpex Solar Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 12,559.64 | 10,003.75 | 9,935.35 |
| Revenue | 19,592.07 | 16,853.62 | 14,972.96 |
| Profit After Tax | 378.58 | 19.42 | 315.23 |
| Net Worth | 4,146.29 | 3,767.70 | 3,748.28 |
| Reserves & Surplus | 3,546.51 | 3,167.92 | 3,148.50 |
| Total Borrowing | 4,735.73 | 2,669.98 | 2,992.68 |
About The Company
Alpex Solar Limited, a manufacturer of Solar panels incorporated in August 1993, uses monocrystalline and polycrystalline cell technologies.
The bifacial, mono PERC, and Half-Cut module types are available under the solar panel modules. The categories of surface and submersible have AC/DC solar pumps and EPC for solar energy solutions.
Its customers have been SolarWorld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
The organization has obtained different quality certifications - ISO 14001: 2015 and ISO 45001: 2018 and ISO 9001: 2015 - ALL KVQA ASSESSMENT PVT. LTD.
There is a facility for manufacturing present in Greater Noida but other offices situated in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur and Ludhiana.
The total number of 196 employees that work in several departments for the company as of November 2023.
Alpex Solar Limited - Promoter(s)
Pre Issue Share Holding: 93.53%
Post Issue Share Holding: 68.76%
- Mr. Ashwani Sehgal
- Mrs. Monica Sehgal
- Mr. Vipin Sehgal
Alpex Solar Limited IPO - Issue Objectives
- 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.
Other Details
Alpex Solar Limited
B-79 Shivalik Enclave, Near Malviya Nagar, New Delhi -110017Skyline Financial Services Private Ltd
Alpex Solar Limited IPO - FAQs
Ans. Alpex Solar Limited IPO is a SME IPO. The issue is priced at ₹109-115 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Feb 8, 2024, and closes on Feb 12, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Alpex Solar Limited IPO opens on Feb 8, 2024 and closes on Feb 12, 2024.
Ans. The size of Alpex Solar Limited IPO is 6,480,000 shares(aggregating up to ₹74.52 Cr).
Ans. The IPO price band is set between ₹109-115 per equity share.
Ans. To apply for Alpex Solar Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Alpex Solar Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Alpex Solar Limited IPO is Feb 13, 2024.
Ans. The Alpex Solar Limited IPO will be listed on Feb 15, 2024.
Ans. Follow the steps to check the allotment status for Alpex Solar Limited IPO here.
