The Alpex Solar IPO date has been confirmed from February 8, 2024 and closes on February 12, 2024. Read the post to learn about Alpex Solar IPO GMP.
The valuation of Alpex Solar IPO first public offering (IPO) is Rs 74.52 crores. The share prices are fixed to range from ₹109 to ₹115. A minimum lot size requirement for an application is 1200 shares. The minimum investment required of retail investors is ₹138,000. For HNI, a minimum investment of two lots (2,400 shares) of ₹276,000 is required.
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Key Details Of Alpex Solar IPO:
Bidding Dates
Feb 8-12
Price Range
₹109 to ₹115 per share
Face Value
₹10 per share
GMP
₹148
Alpex Solar GMP
The Alpex Solar IPO GMP Today is ₹148.
Alpex Solar IPO Overview
Alpex Solar’s IPO is a book-built issuance worth Rs 74.52 crore. The offering is wholly new, consisting of 64.8 lakh shares. Alpex Solar’s initial public offering (IPO) begins on February 8, 2024 and ends on February 12, 2024. The allotment for the Alpex Solar IPO is expected to be completed on Tuesday, February 13, 2024. Alpex Solar’s IPO will be listed on NSE SME, tentatively, on Thursday, February 15, 2024. The Alpex Solar IPO pricing range is established at ₹109 to ₹115 per share.
The minimum lot size for an application is 1200 shares. The Alpex Solar IPO GMP Today is ₹148. The minimum investment for retail investors is ₹138,000. The minimum investment for HNI is 2 lots (2,400 shares) worth ₹276,000.
Alpex Solar IPO Details
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹109 to ₹115 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,480,000 shares (aggregating up to ₹74.52 Cr) |
| Fresh Issue | 6,480,000 shares (aggregating up to ₹74.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding post issue | 17,993,400 |
| Share holding post issue | 24,473,400 |
| Market Maker portion | 324,000 shares |
Alpex Solar IPO Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,188.46 | 12,559.64 | 10,003.75 | 9,935.35 |
| Revenue | 21,310.72 | 19,592.07 | 16,853.62 | 14,972.96 |
| Profit After Tax | 760.58 | 378.58 | 19.42 | 315.23 |
| Net Worth | 4,906.86 | 4,146.29 | 3,767.70 | 3,748.28 |
| Reserves and Surplus | 4,307.08 | 3,546.51 | 3,167.92 | 3,148.50 |
| Total Borrowing | 4,175.15 | 4,735.73 | 2,669.98 | 2,992.68 |
| Amount in ₹ Lakhs | ||||
Alpex Solar IPO Timeline
| IPO Open Date | Thursday, February 8, 2024 |
| IPO Close Date | Monday, February 12, 2024 |
| Basis of Allotment | Tuesday, February 13, 2024 |
| Initiation of Refunds | Wednesday, February 14, 2024 |
| Credit of Shares to Demat | Wednesday, February 14, 2024 |
| Listing Date | Thursday, February 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 12, 2024 |
Company Profile
Alpex Solar Limited is an August 1993-founded solar panel firm. The company employs both monocrystalline and polycrystalline cell technology. The company offers bifacial, mono PERC, and half-cut solar panel modules for sale, among other kinds. The company provides solar energy solutions, such as AC/DC solar pumps with EPC for surface and submersible applications. Big companies and middle-sized enterprises like SolarWorld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, the manufacturer of automatic irrigation machines, and Shakti Pumps India Limited favour the company.
KVQA Assessment Pvt Ltd has awarded the company many quality certifications, including ISO 9001:2015. The same year, ISO 45001:2018 and ISO 14001:2015 were also declared. The plant operates in Greater Noida, and its corporate presence can be found in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana. Until November 2023, the company employed 196 people from different departments.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Alpex Solar Limited |
| Phone number | +91 – 9971751589 |
| Email ID | [email protected] |
| Website | alpexsolar.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- We must adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Alpex Solar IPO FAQs
When Alpex Solar IPO will open?
The Alpex Solar IPO opens on February 8, 2024 and closes on February 12, 2024.
What is the lot size of Alpex Solar IPO?
Alpex Solar IPO lot size is 1200 Shares, and the minimum amount required is ₹138,000.
When is Alpex Solar IPO allotment?
The finalization of Basis of Allotment for Alpex Solar IPO will be done on Tuesday, February 13, 2024, and the allotted shares will be credited to your demat account by Wednesday, February 14, 2024.
When is Alpex Solar IPO listing date?
The Alpex Solar IPO listing date is not yet announced. The tentative date of Alpex Solar IPO listing is Thursday, February 15, 2024.
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