Alpex Solar IPO Details | GMP, Date, Price, Review

Alpex Solar IPO

Alpex Solar IPO Details ( Alpex Solar Limited IPO Review )

(8 Feb 2024 – 12 Feb 2024)

Established in August 1993, Alpex Solar Limited specializes in manufacturing solar panels, utilizing advanced technologies such as monocrystalline and polycrystalline cells.

We offer a diverse range of solar panel modules, including bifacial, mono PERC, and Half-Cut modules. Our solutions extend to solar energy applications, encompassing AC/DC solar pumps and EPC services for both surface and submersible categories.

Our esteemed clients include Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.

Alpex Solar Limited holds prestigious quality certifications, such as ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015, all accredited by KVQA Assessment Pvt Ltd.

Situated in Greater Noida, our manufacturing facility is complemented by offices in key locations, including Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana.

As of November 2023, our dedicated team comprises 196 employees working across various departments to drive our commitment to sustainable solar solutions.

Alpex Solar Limited Company Product

  1. Manufacture – Solar Photovoltaic (PV) module.
  2. (EPC) Engineering, Procurement, Construction of Solar PV Water Pumps

Alpex Solar Limited IPO Competitive Strength

  • Location of the Production Unit
  • Experienced promoters and a skilled management team with strong industry expertise
  • Strong supplier base for sourcing of raw materials/ products
  • Certifications and Recognition
  • The Government of India has recognized the energy and power sector as one of the crucial and key components of growth for the Indian Economy. It is also believed that India’s energy and power sector has a huge untapped potential for investment. The Scheme/Mission which are proposed by the government are as follows
  • Ability to provide EPC as supplemental value addition to our solar PV module manufacturing business
  • Strong Client Relationships
  • Geographical Presence

Alpex Solar IPO Financials Performance ( Results )

Alpex Solar Limited Financial Information (Restated Consolidated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

Objective of Alpex Solar IPO Issue

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

Alpex Solar IPO Basic Details

IPO DateFeb 8, 2024 to Feb 12, 2024
Listing DateThursday, February 15, 2024
Face Value₹10 per share
Price₹109 to ₹115 per share
Lot Size1200 Shares
Issue Size6,480,000 shares of ₹10
(aggregating up to ₹74.52 Cr)
Fresh Issue6,480,000 shares of ₹10
(aggregating up to ₹74.52 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,993,400
Share holding post issue24,473,400
Company PromotersMr. Ashwani Sehgal,
Mrs. Monica Sehgal and
Mr. Vipin Sehgal

Alpex Solar IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Alpex Solar IPO Timetable

Alpex Solar IPO will open on February 8, 2024 and close on February 12, 2024. You can join Alpex Solar IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date8 February 2024 (Thursday)
Closing Date12 February 2024 (Monday)
Basis of Allotment13 February 2024 (Tuesday)
Initiation of Refunds14 February 2024 (Wednesday)
Credit of Shares to Demat14 February 2024 (Wednesday)
Listing Date15 February 2024 (Thursday)
Deadline for UPI mandate confirmation5 PM on 12 February 2024

Alpex Solar IPO Lot Size

For retail investors in Alpex Solar IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹138,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹138,000.

Retail (Min)11200₹138,000
Retail (Max)11200₹138,000
S-HNI (Min)22400₹276,000

Alpex Solar IPO Promoter Holding

The company’s promoters include Mr. Ashwani Sehgal, Mrs. Monica Sehgal and Mr. Vipin Sehgal.

Pre Issue Share Holding93.53%
Post Issue Share Holding68.76%

Alpex Solar Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)281.44
Earning Per Share (EPS)₹2.10 per Equity Share
Net Asset Value (NAV)₹69.13 per Equity Share
P/E Ratio (P/E) (x)54.66
Post P/E Ratio (P/E) (x)18.50
Return on Net Worth (RoNW) (%)9.55
Return on equity (ROE) (%)9.55
Return on Capital Employed (ROCE) (%)18.81
Debt/Equity Ratio1.14
Price/Book Value Ratio1.66

Alpex Solar IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
7 February 2024₹190
6 February 2024₹190
5 February 2024₹190

Alpex Solar IPO Detail Video:

Alpex Solar IPO Subscription Status (Bidding Detail)

The Alpex Solar IPO on February 12, 2024 at 7:30:00 PM was subscribed 324.03 times, with the retail category being subscribed 351.89 times, the NII (Non-Institutional Investor) category being subscribed 502.31 times, QIB (Qualified-Institutional Buyers) category being subscribed 141.48 times.


Alpex Solar IPO Prospectus

Alpex Solar IPO DRHPDownload
Alpex Solar IPO RHPDownload
Alpex Solar IPO Anchor Investors Details PDFDownload

Alpex Solar IPO Rating

Our Rating4.0/5.0

Alpex Solar Company Contact Information

Alpex Solar Limited

Alpex Solar Limited

Registered Office: B-79 Shivalik Enclave near Malviya Nagar New Delhi 110017 India.
Corporate Office: Plot No I 26 Site 5 Surajpur Industrial Area, I.A. Surajpur, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201306
Tel: +91-9971751589
Contact Person: Ms. Sakshi Tomar, Company Secretary and Compliance Officer

Alpex Solar IPO Registrar

Skyline Financial Services Private Limited

Registered Office: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020
Tel No.: +91- 11-40450193-97;
Fax No.: +91-11-26812683
Investor Grievances Email id:
SEBI Registration No.: INR000003241
Contact Person: Mr. Anuj Rana

Alpex Solar IPO Lead Manager

Corporate Capitalventures Private Limited

Registered Office: B1/E13, First Floor, Mohan Co-operative Industrial Estate, Mathura Road,
New Delhi – 110044,
Tel: +91 11 – 41824066;
Investor Grievances Email Id:
SEBI Registration: INM000012276
Contact Person: Mrs. Harpreet Parashar

Alpex Solar IPO FAQs

What is the lot size of Alpex Solar IPO?

The total size of Alpex Solar IPO is ₹74.52 crores and this is a complete fresh Issue.

When will Alpex Solar IPO start?

Alpex Solar IPO will open from 8 February 2024 and IPO will close on 12 February 2024.

What is the open date of Alpex Solar IPO?

Alpex Solar IPO will open date from 8 February 2024.

What is the last date ( close date ) of Alpex Solar IPO?

Alpex Solar IPO will close from 12 February 2024.

What is the price band of Alpex Solar IPO?

Alpex Solar IPO price band is ₹109 to ₹115. ( Upper Price Band: ₹115, Lower Price Band: ₹109 )

What is the minimum amount required to apply for Alpex Solar IPO?

The minimum investment for retailers to apply for Alpex Solar IPO is ₹138,000 and the maximum investment is ₹138,000.

What is going on gray market premium of Alpex Solar IPO?

View gray market premium of Alpex Solar IPO by Clicking Here

How much is the GMP of Alpex Solar IPO?

Watch Alpex Solar IPO GMP Today: Click Here

What is the allotment date of Alpex Solar IPO?

The allotment date of Alpex Solar IPO is 13 February 2024.

How to check allotment status in Alpex Solar IPO?

To check the allotment status of Alpex Solar IPO, first of all go to the registrar website by clicking here, select your bad Alpex Solar IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Alpex Solar IPO?

The listing date of Alpex Solar IPO is 15 February 2024.

How much will be the listing gain in Alpex Solar IPO?

View listing gain of Alpex Solar IPO by Clicking Here

How much time Alpex Solar IPO is subscribed?

Total 324.03 times subscribed in Alpex Solar IPO out of which 351.89 times subscription was done in retail quota, 502.31 times subscription in NII quota and 141.48 times subscription in QIB quota.

How to apply for Alpex Solar IPO from Upstox?

Click Here to see how to apply for Alpex Solar IPO from Upstox. (step by step)

How to apply for Alpex Solar PO from Zerodha?

Click Here to see how to apply for Alpex Solar IPO from Zerodha. (step by step)

How to apply for Alpex Solar IPO from Angle One?

Click Here to see how to apply for Alpex Solar IPO from Angle One. (step by step)

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