IPO Deliver

IPO Deliver

Alpex Solar IPO

Alpex Solar IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024

by

 Alpex Solar IPO

The initial public offering (IPO) of Alpex Solar will open for subscription on February 08 and close on February 12, comprising a fresh issue of Rs. 74.52 Crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on February 15, 2024. 

#1. Quick Intro to Alpex Solar   

Alpex Solar Limited (1993) is a manufacturer of solar panels. The company uses monocrystalline and polycrystalline cell technologies. The company offers a range of solar panel modules including bifacial, mono PERC, and Half-Cut modules. The company offers solar energy solutions, including AC/DC solar pumps and EPC for surface and submersible categories.

The company’s clients include SolarWorld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Alpex Solar   

The company intends to use the IPO Funds for the following purposes: 

  1. Funding capital expenditure for upgrading and expanding our existing solar module manufacturing facility by increasing 750MW.
  2. Funding capital expenditure towards setting up a new manufacturing unit for aluminum frames for our solar module.
  3. To meet the working capital requirements of the company.
  4. General corporate expenses.

#3. Alpex Solar Core Strengths 

  1. Capital Expenditure towards upgrading and expanding our existing solar module manufacturing facility and setting up a new manufacturing unit for aluminum frames for our solar module.
  2. Capitalize on the growth opportunities available in the renewable energy sector.
  3. Optimum utilization of resources.
#4. Alpex Solar IPO Review & Rating
Issue Size  Rs.74.52 Crore
Issue Price  Rs.109 to Rs.115 per share 
Minimum Lot Size 1200 Shares
Total Profit (March 2023)  Rs. 378.58 Lakh
ROE 9.55
ROCE 18.81
Listing on NSE 
IPO Deliver Rating THREE

 

#5. Alpex Solar IPO Dates, Price Band & Details

Alpex Solar IPO will open on February 08, 2024, and close on February 12, 2024. The IPO is to be listed on February 15, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.74.52 Crore
Price Brand Rs.109 to Rs.115 per share
Face Value Rs. 10/- per share
IPO Open Date February 08, 2024
IPO Close Date February 12, 2024
IPO Allotment Date February 13, 2024
Refund Date February 14, 2024
Share Credit Date February 14, 2024
Listing Date February 15, 2024

 

#6. Alpex Solar IPO Offer Details

Alpex Solar IPO’s total issue size is 6,480,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 6,480,000 74.52
Offer for Sale (OFS) – –

 

#7. Alpex Solar Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 19,592.07 16,853.62 14,972.96
Net Worth 4,146.29 3,767.70 3,748.28
Profit 378.58 19.42 315.23
Total Borrowings 4,735.73 2,669.98 2,999.68

 

#8. Alpex Solar Quantitative Factors 

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) 2.10 0.11 1.76
RoNW (%) 9.55 0.52 8.39
NAV (Rs.) 69.13 62.82 69.13

 

#9. Alpex Solar Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue 

(Rs. in million)

 RoNW (%) NAV (Rs.)
Insolation Energy Limited 28005.86 28.48 25.39

 

#10. Alpex Solar Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Ashwani Sehgal
02. Manica Sehgal
03. Vipin Sehgal

 

#11. Alpex Solar Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  93.53
Post-issue 68.76

 

#12. Alpex Solar IPO Reservation Details

Alpex Solar IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Retail Share Offered Not less than 35% of the issue size
QIB Shares Offered Not more than 50% of the issue size
NII (HNI) Shares Offered Not less than 15% of the issue size

 

#13. Alpex Solar  IPO – Lot Size

An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1200 138,000
Retail (Max.) 1 1200 138,000
HNI (Min.) 2 2,400 276,000

 

#14. Alpex Solar IPO – Prospectus Copy

An investor can download/view the Alpex Solar prospectus copy, which the company filed to exchange, details are as follows. 

Alpex Solar IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Alpex Solar IPO Registrar 

Skyline Financial Services Private Limited

Phone No.: +91-11-404501939-197

E-Mail: ipo@skylinerta.com

Website: www.skylinerta.com

#16. Alpex Solar IPO Lead Manager

Corporate Capital Ventures Private Limited

Phone No.: +91-11-41824066

E-Mail: smeipo@ccvindia.com

Website: www.ccvindia.com 

#17. Alpex Solar IPO Application (How to Apply for an IPO)

There are three primary options for applying for an Alpex Solar  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Alpex Solar Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Alpex Solar Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Alpex Solar Company Details

Alpex Solar Limited 

Registered Office: B-79, Shivalik Enclave, Near Malviya Nagar, New Delhi-110017 India

Phone No: +91-9971751589

Email: csalpex@alpexonline.com

Website: www.alpexonline.com

Investor Grievances/Compliance Officer: Sakshi Tomar

#19. Alpex Solar Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. Alpex Exim Private Limited

 

#20. Alpex Solar Company Board (Top 2)

Sr. No. Name of Directors
01. Ashwani Sehgal
02. Monica Sehgal

 

Alpex Solar IPO – Frequently Asked Questions (FAQs)

#1. What is an Alpex Solar IPO?

Alpex Solar brings its IPO of Rs.74.52 Crore, on February 08, 2024, with a price band of Rs.109 to Rs.115 per share.

 

#2. What is the Alpex Solar IPO Open date?

Alpex Solar  IPO’s opening date is February 08, 2024.

 

#3. What is the Alpex Solar IPO Close Date?

Alpex Solar  IPO’s closing date is February 12, 2024.

 

#4. What is the Alpex Solar IPO Listing date?

Alpex Solar’s IPO listing date is February 15, 2024.

 

#5. What is the Alpex Solar IPO Minimum investment amount?

Alpex Solar IPO’s minimum investment amount is Rs. 138,000.

 

#6. What is the Alpex Solar IPO offer issue Size?

Alpex Solar offers an issue size of Rs.74.52 Crore.

 

#7. What is the Alpex Solar IPO Price Band?

Alpex Solar’s IPO price band is Rs.109 to Rs.115 per share.

 

#8. Is Alpex Solar IPO mainboard IPO or SME IPO?

Alpex Solar IPO is a SME IPO.

 

132 thoughts on “Alpex Solar IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024”

  2. Just wish to say your article is as surprising. The clarity in your put up is simply excellent and that i could think you are knowledgeable on this subject. Well together with your permission allow me to grasp your feed to keep up to date with drawing close post. Thanks a million and please keep up the rewarding work.

    Reply

  4. Heya i am for the primary time here. I came across this board and I in finding It truly useful & it helped me out much. I am hoping to provide one thing again and aid others like you aided me.

    Reply

  9. Hello there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this post to him. Fairly certain he will have a good read. Many thanks for sharing!

    Reply

  10. Hey! Someone in my Myspace group shared this site with us so I came to give it a look. I’m definitely loving the information. I’m bookmarking and will be tweeting this to my followers! Wonderful blog and outstanding design.

    Reply

  12. I have not checked in here for some time because I thought it was getting boring, but the last several posts are great quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂

    Reply

  18. Howdy! This post could not be written any better! Reading through this post reminds me of my good old room mate! He always kept chatting about this. I will forward this page to him. Pretty sure he will have a good read. Thank you for sharing!

    Reply

  84. Este site é realmente fascinate. Sempre que consigo acessar eu encontro coisas boas Você também vai querer acessar o nosso site e descobrir mais detalhes! informaçõesexclusivas. Venha saber mais agora! 🙂

    Reply

Leave a Comment

IPO Deliver is a platform to deliver the detailed information to the investors about the upcoming and current Initial Public Offering (IPO) and related things.

"If you don't find a way to make money while you sleep, you will work until you die."

Warren Buffett

Useful Links

BSE

NSE

Globe Capital Maket Ltd.

Business Registration

Privacy Policy                                  

Terms & Condition                          

About Us                                                

Contact Us                                       

Disclaimer: Stock Market investments are subject to market risks, read all scheme related documents carefully before investing. All the information provided on our website is for education/knowledge purpose only. We do not claim any facts, and figure mentioned here. We advise investors to check with certified experts before making any investment decisions.