Alpex Solar Ltd
Price Range
₹109 - ₹115
Min. Quantity
1,200
Closes on
12 February 2024
Min. investment
₹1,38,000/1,200 Shares
Alpex Solar Ltd IPO Timeline
Alpex Solar Limited, led by the founder Promoter, Mr. Ashwani Sehgal was originally incorporated on August 27, 1993 as a Private Limited Company as 'Alpex Exports Private Limited' with the Registrar of Companies, Chandigarh. The name of Company got changed to 'Alpex Solar Private Limited' on September 07, 2017 at Delhi. Thereafter, the Company got converted from a Private Limited Company to Public Limited Company, the name changed to 'Alpex Solar Limited' and a Fresh Certificate of Incorporation dated September 01, 2023 was issued by Registrar of Companies, Delhi.
| Event | Date |
|---|---|
| Alpex Solar Ltd IPO Opening Date | 8 February 2024 |
| Alpex Solar Ltd IPO Closing Date | 12 February 2024 |
| Basis of Allotment | 13 February 2024 |
| Initiation of Refunds | 14 February 2024 |
| Credit of Shares to Demat | 14 February 2024 |
| Alpex Solar Ltd IPO Listing Date | 15 February 2024 |
Alpex Solar Ltd IPO Details
| Alpex Solar Ltd IPO Date | 8 February 2024 to 12 February 2024 |
| Alpex Solar Ltd IPO Face Value | ₹10 per share |
| Alpex Solar Ltd IPO Price | ₹109 to ₹115 per share |
| Alpex Solar Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹74.52 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹74.52 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ashwani Sehgal, Monica Sehgal, Vipin Sehgal |
Alpex Solar Ltd IPO Lot Size
The Alpex Solar Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,38,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,38,000 |
| Maximum | 1 | 1,200 | ₹1,38,000 |
- Strengths
- Risks
- Opportunities
- Strategically located manufacturing facility.
- Diverse product portfolio with focus on quality.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Well versed and equipped with advance technology.
- Quality Assurance & Control.
Company Financials
Alpex Solar Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 216.92 | 405.33 | 29.05 |
| 03-2023 | 114.02 | 183.93 | 3.72 |
| 03-2022 | 89.11 | 156.07 | 0.07 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure for upgrading and expansion of its existing solar module manufacturing facility by incresing 750 MW
- Funding capital expenditure towards setting up of new manufactureing unit Aluminium frame for its solar module
- To meet working capital requirements of the company
- General corporate expenses
Alpex Solar Ltd IPO Promoter Holding
| Pre Issue Share Holding | 31.08% |
| Post Issue Share Holding | 22.85% |
Alpex Solar Ltd IPO Subscription Status (Bidding Detail)
The Alpex Solar Ltd IPO is subscribed 215.5928 times on 12 February 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 215.5928 |
Alpex Solar Ltd IPO Prospectus
Alpex Solar Ltd IPO Listing Date
| Listing Date | 15 February 2024 |
| BSE Script | 86284 |
| NSE Symbol | ALPEXSOLAR |
| Listing In | NSE - SME |
| ISIN | INE0R4701017 |
| IPO Price | ₹115 |
| Face Value | ₹10 |
Company Contact Information
B-79, Shivalik Enclave Near-Malviya Nagar,New Delhi-110017
Phone: +91 99717 51589
Email: csalpex@alpexonline.com
Website: www.alpexsolar.com
Alpex Solar Ltd IPO Registrar
Alpex Solar Ltd IPO Lead Manager(s)
- Corporate Capitalventures Pvt Ltd
FAQ
What is the issue size of Alpex Solar Ltd IPO?
I have pre-applied for Alpex Solar Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.