The Alpex Solar date has been confirmed from February 8, 2024 and closes on February 12, 2024.
Alpex Solar Developers IPO is a fixed price issue of Rs 74.52 crores. The price band is set at ₹109 to ₹115 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹276,000.
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Bidding Dates
Feb 8-12
Price Range
₹109 to ₹115 per share
Face Value
₹10 per share
GMP
₹148
Alpex Solar IPO GMP
The Alpex Solar IPO GMP is ₹148.
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, with a tentative listing date of 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 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 |
| Share holding pre issue | 17,993,400 |
| Share holding post issue | 24,473,400 |
| Market Maker portion | 324,000 shares |
Alpex Solar 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, founded in August 1993, is a manufacturer of solar panels. The company uses both monocrystalline and polycrystalline cell technology. The company offers a variety of solar panel modules, including bifacial, mono PERC, and half-cut modules. The company provides solar energy solutions, such as AC/DC solar pumps with EPC for surface and submersible applications. The company’s clients include Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
KVQA Assessment Pvt Ltd has accredited the Company with many quality certifications, including ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015. The production facility is located in Greater Noida, with further offices in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana. As of November 2023, the company had 196 workers working in several departments.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Alpex Solar Limited |
| Phone number | +91 – 9971751589 |
| Email ID | csalpex@alpexonline.com |
| Website | alpexsolar.com |
IPO Strenghts
- 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.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
