Alpex Solar Limited IPO
NSE SMEListed On: Feb 15, 2024 at ₹ 329.0
₹ 276000 /2400 Shares
*Min Investment
08 Feb, 2024
Open Date12 Feb, 2024
Close Date13 Feb, 2024
Allotment Date15 Feb, 2024
Listing DateAlpex Solar Limited IPO Issue Details
- Issue Price ₹109-115 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 64,80,000 shares(aggregating up to ₹74.52 crore)
- Fresh Share 64,80,000 shares(aggregating up to ₹74.52 crore)
- Listing at NSE SME
- List Price 329.0
- Listing Date 2024-02-15
- Lead Manager Corporate Capitalventures Pvt Ltd
- Registrar Skyline Financial Services Private 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 offers total 6,480,000 shares. Out of which 1,231,200 (19%) allocated to QIB, 924,000 (14.26%) allocated to NII,2,155,200 (33.26%) allocated to RII, NA (NA%) allocated to employees and 1,845,600 (28.48%) allocated to 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 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 Analysis And 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
Alpex Solar Limited Company Financials
| 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 Alpex Solar Limited 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)
Mr. Ashwani Sehgal
Mrs. Monica Sehgal
Mr. Vipin Sehgal
Pre Issue Share Holding : 93.53%
Post Issue Share Holding : 68.76%
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 Details
Alpex Solar Limited
B-79 Shivalik Enclave, Near Malviya Nagar, New Delhi -110017
+91 - 9971751589
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Alpex Solar Limited IPO is 6,480,000 shares(aggregating up to ₹74.52 Cr).
Ans. The Alpex Solar Limited IPO price band is set between ₹109-115 per equity share.
Ans. To apply for Alpex Solar Limited 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 Alpex Solar Limited IPO allotment status online.
