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
- Manufacture – Solar Photovoltaic (PV) module.
- (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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 9,935.35 | 14,972.96 | 315.23 | 1.76 | 3,748.28 | 3,148.50 | 2,992.68 |
| 31-Mar-22 | 10,003.75 | 16,853.62 | 19.42 | 0.11 | 3,767.70 | 3,167.92 | 2,669.98 |
| 31-Mar-23 | 12,559.64 | 19,592.07 | 378.58 | 2.10 | 4,146.29 | 3,546.51 | 4,735.73 |
| 30-Sep-23 | 14,188.46 | 21,310.72 | 760.58 | 4.22 | 4,906.86 | 4,307.08 | 4,175.15 |
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 Date | Feb 8, 2024 to Feb 12, 2024 |
| Listing Date | Thursday, February 15, 2024 |
| Face Value | ₹10 per share |
| Price | ₹109 to ₹115 per share |
| Lot Size | 1200 Shares |
| Issue Size | 6,480,000 shares of ₹10 (aggregating up to ₹74.52 Cr) |
| Fresh Issue | 6,480,000 shares of ₹10 (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 |
| Company Promoters | Mr. Ashwani Sehgal, Mrs. Monica Sehgal and Mr. Vipin Sehgal |
Alpex Solar IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% 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.
| Event | Date |
| Opening Date | 8 February 2024 (Thursday) |
| Closing Date | 12 February 2024 (Monday) |
| Basis of Allotment | 13 February 2024 (Tuesday) |
| Initiation of Refunds | 14 February 2024 (Wednesday) |
| Credit of Shares to Demat | 14 February 2024 (Wednesday) |
| Listing Date | 15 February 2024 (Thursday) |
| Deadline for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹138,000 |
| Retail (Max) | 1 | 1200 | ₹138,000 |
| S-HNI (Min) | 2 | 2400 | ₹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 Holding | 93.53% |
| Post Issue Share Holding | 68.76% |
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.
| KPI | Values |
| 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 Ratio | 1.14 |
| Price/Book Value Ratio | 1.66 |
Alpex Solar IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹190 | – | – |
| 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.
| Category | Subscription |
| QIB | 141.48x |
| NII | 502.31x |
| Retail | 351.89x |
| Total | 324.03x |
Alpex Solar IPO Prospectus
| Alpex Solar IPO DRHP | Download |
| Alpex Solar IPO RHP | Download |
| Alpex Solar IPO Anchor Investors Details PDF | Download |
Alpex Solar IPO Rating
| Our Rating | 4.0/5.0 |
Alpex Solar Company Contact Information
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
E-mail: csalpex@alpexonline.com
Website: https://alpexsolar.com/
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
E-mail: ipo@skylinerta.com
Investor Grievances Email id: grievances@skylinerta.com
Website: http://www.skylinerta.com/
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;
Email: smeipo@ccvindia.com
Investor Grievances Email Id: investor@ccvindia.com
Website: www.ccvindia.com
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)
