Alpex Solar Limited IPO
Alpex Solar Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹109–₹115 per share. The stock debuted at ₹329, delivering a listing gain of 186.1%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,38,000.
Alpex Solar Limited IPO
- IPO Dates
- Feb 8, 2024 – Feb 12, 2024
- Price band
- ₹109-115 per equity share
- Minimum Investment
- ₹1,38,000
- Issue size
- ₹74.52 Cr
- Lot size
- 1200
- Allotment Date
- Feb 13, 2024
- Listing
- Feb 15, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 8, 2024
Open Date
Completed
-
Feb 12, 2024
Close Date
Completed
-
Feb 13, 2024
Allotment Date
Completed
-
Feb 15, 2024
Listing Date
Completed
Alpex Solar Limited IPO Essentials
Alpex Solar Limited IPO Details
Alpex Solar Limited IPO is priced at ₹109-115 per share with a total issue size of 74.52 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹109-115 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,480,000 shares(aggregating up to ₹74.52 Cr)
- Total issue size
- 64,80,000 shares
(aggregating up to ₹74.52 crore) - Fresh issue
- 64,80,000 shares
(aggregating up to ₹74.52 crore) - Listing at
- NSE SME
- List price
- 329.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Corporate Capitalventures Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,38,000 |
| Retail(max) | 1 | 1200 | ₹1,38,000 |
| NII (min) | 2 | 2,400 | ₹2,76,000 |
Alpex Solar Limited IPO Reservation
Alpex Solar Limited IPO reservation details show category-wise allocation of shares. Out of the total 6,480,000 shares, approximately 19% are reserved for QIB, 14.26% for NII, 33.26% for retail investors, 5% for market maker, and 28.48% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,845,600 (28.48%) | |
| Market Maker Shares Offered | 324,000 (5%) | |
| QIB Shares Offered | 1,231,200 (19%) | |
| NII (HNI) Shares Offered | 924,000 (14.26%) | |
| Retail Shares Offered | 2,155,200 (33.26%) | |
| Total Shares Offered | 6,480,000 (100%) |
Alpex Solar Limited IPO Analytics
Alpex Solar Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Alpex Solar Limited IPO Subscription Status
Alpex Solar Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹2.1/-
- EPS Post IPO
- ₹6.22/-
- P/E Pre IPO
- 54.66
- P/E Post IPO
- 18.5
Returns
- ROE
- 9.55%
- ROCE
- 18.81%
- RoNW
- 9.55%
Fundamentals
- Debt / Equity
- 1.14
- Price / Book
- 1.66
Alpex Solar Limited Financials( In Lakhs)
| 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 |
Alpex Solar Limited Company & Offer Insights
About Alpex Solar Limited
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)
Mr. Ashwani Sehgal, Mrs. Monica Sehgal, Mr. Vipin Sehgal are the company's promoters of Alpex Solar Limited.
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.
Alpex Solar Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Alpex Solar Limited | 2.1 | 2.1 | 69.13 | N/A | 9.55 | N/A | Consolidated |
| Insolation Energy Ltd | 6.01 | 6.01 | 25.39 | 20.95 | 28.48 | N/A | Consolidated |
Notes:
- The figures for Alpex Solar Limited are based on the Restated Financial Statements for the period ended March 31, 2023.
- The figures for the peer group are for the year ended March 31, 2023, and are based on their respective consolidated financial statements filed with the Stock Exchange.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
- The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on March 31, 2023, sourced from the website of the Stock Exchange and divided by the Basic/Diluted EPS as applicable.
- RoNW is computed as net profit after tax, as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
Contact Information
Contact Details
Alpex Solar Limited
+91 - 9971751589
B-79 Shivalik Enclave, Near Malviya Nagar, New Delhi -110017
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Alpex Solar Limited IPO is a book-built IPO worth ₹74.52 crore. The price band is ₹109–₹115 per share. The IPO opens on Feb 8, 2024 and closes on Feb 12, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The price band of Alpex Solar Limited IPO is ₹109 to ₹115 per share.
The lot size of Alpex Solar Limited IPO is 1200 shares.
The minimum investment for Alpex Solar Limited IPO is approximately ₹1,38,000 based on the upper price band .
Alpex Solar Limited IPO opens on Feb 8, 2024 and closes on Feb 12, 2024.
The allotment date of Alpex Solar Limited IPO is Feb 13, 2024.
Alpex Solar Limited IPO is expected to be listed on Feb 15, 2024, on NSE SME Platform.
Alpex Solar Limited IPO valuation snapshot: P/E 18.5, EPS ₹6.22/-, P/B 1.66, RoNW 9.55%, and market cap N/A.
To apply for Alpex Solar Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Alpex Solar Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Alpex Solar Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Alpex Solar Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Alpex Solar Limited IPO allotment status on IPO Ji for quick and easy access.