Alpex Solar Limited IPO Details GMP Price, Launch Date, share price, Issue Size, Review

Alpex Solar Limited IPO Details GMP

OUR BUSINESS

Alpex is a solar photovoltaic (PV) module manufacturer in North India. Our PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. Our portfolio of solar energy products consists of bifacial, mono-perc, and Halfcut solar PV modules. We also provide integrated solar energy solutions, including engineering, procurement, and construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.

ALPEX SOLAR LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open Date February 8, 2024
IPO Close DateFebruary 12, 2024
IPO SizeApprox ₹ 74.52 Crores, 6,480,000 Shares
IPO Face Value ₹10 Per Equity Share
IPO Price Band ₹109 to ₹110 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50.50%
IPO NII Quota15%
DRHP DraftClick here
RHP DraftClick here
Anchor InvestorClick here

ALPEX SOLAR LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum11200 Shares₹138,000
Retail Maximum11200 Shares₹138,000
S-HNI Minimum22400 Shares₹276,000

OBJECTS OF THE OFFER

Our Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

  1.  Funding Capital Expenditure for the upgradation and expansion of our existing solar module manufacturing facility by
    increasing 750 MW.
  2.  Funding Capital Expenditure towards setting up a new manufacturing unit for the Aluminum frame for our solar module.
  3.  To Meet the Working Capital requirements of the Company.
  4.  General Corporate Expenses.

ALPEX SOLAR LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open DateFeb 08, 2024
IPO Close DateFeb 12, 2024
Basis of AllotmentFeb 13, 2024
RefundsFeb 14, 2024
Credit to Demat AccountFeb 14, 2024
IPO Listing DateFeb 15, 2024

ALPEX SOLAR LIMITED FINANCIAL REPORT

₹ in Crores
Year Revenue Expense PAT
2023 ₹195.92 ₹190.63 ₹3.79
2022 ₹168.54 ₹168.16 ₹0.19
2021 ₹149.73 ₹146.29 ₹3.15
September 2023 ₹213.11 ₹203.14 ₹7.61

OUR PROMOTERS

  1.  Mr. Ashwani Sehgal
  2.  Mrs. Monica Sehgal
  3.  Mr. Vipin Sehgal
  4.  Mr. Aditya Sehga

QUALITATIVE FACTOR

Some of the qualitative factors which form the basis for computing the Issue Price are:

  •  Strategically located manufacturing facility.
  •  Diverse product portfolio with a focus on quality.
  •  Experienced Promoter and management team with strong industry expertise and successful track record.
  •  Well-versed and equipped with advanced technology.
  •  Quality Assurance & Control.

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20231.761.763
March 31, 20220.110.112
March 31, 20212.102.101
Weighted Average1.381.38
September 30, 20234.224.22

ALPEX SOLAR LIMITED COMPANY CONTACT DETAILS

B-79 Shivalik Enclave Near Malviya Nagar New Delhi -110017 India
Tel: +91-9971751589
E-mail: csalpex@alpexonline.com
Website: www.alpexsolar.com

ALPEX SOLAR LIMITED IPO REGISATR

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New
Delhi-110020
Tel No.: +91- 11-40450193-97;
E-mail: ipo@skylinerta.com
Investor Grievances Email Id: grievances@skylinerta.com
Website: http://www.skylinerta.com/
Contact Person: Mr. Anuj Rana

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