The Alpex Solar IPO commenced on February 8, 2024, and concluded on February 12, 2024. The allotment of shares took place on February 13, 2024, and the initiation of refunds began on February 14, 2024. The shares were credited to the demat accounts of investors on February 14, 2024. Finally, the listing of Alpex Solar on the stock exchange occurred on February 15, 2024.
The Alpex Solar IPO was priced at ₹109 to ₹115 per share, with a lot size of 1200 shares. The total issue size was ₹74.52 crores, comprising a fresh issue of ₹74.52 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Alpex Solar IPO Basic Details
| Company Name | Alpex Solar Limited |
| Domain of Company | Solar Panel Manufacturing Company |
| Alpex Solar IPO GMP Today | ₹190 |
| Alpex Solar IPO Listing Gain | 165.22% |
| Alpex Solar IPO Open Date | February 8, 2024 |
| Alpex Solar IPO Close Date | February 12, 2024 |
| Alpex Solar IPO Allotment Date | February 13, 2024 |
| Alpex Solar IPO Listing Date | 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 |
| Company Promoters | Mr. Ashwani Sehgal, Mrs. Monica Sehgal and Mr. Vipin Sehgal |
Alpex Solar IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹190 | 165.22% | – | – |
| 8 February 2024 | ₹190 | 165.22% | – | – |
| 7 February 2024 | ₹190 | 165.22% | – | – |
| 6 February 2024 | ₹190 | 165.22% | – | – |
Alpex Solar IPO Details:
Founded in August 1993, Alpex Solar Limited specializes in crafting solar panels using advanced technologies like monocrystalline and polycrystalline cells.
Our diverse range of solar panel modules, such as bifacial, mono PERC, and Half-Cut modules, cater to a variety of energy needs. We provide comprehensive solar energy solutions, including AC/DC solar pumps EPC for both surface and submersible applications.
Our valued clients include Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
We take pride in our numerous quality certifications, including ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015, all accredited by KVQA Assessment Pvt Ltd.
Situated in Greater Noida, our manufacturing facility operates alongside our offices in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana.
As of November 2023, our dedicated team comprises 196 employees across various departments, working together to drive our commitment to sustainable solar solutions.
Alpex Solar IPO More Details Click Here
Alpex Solar IPO FAQs
When is Alpex Solar IPO open?
Alpex Solar IPO will open on 8 February 2024.
When is Alpex Solar IPO Close?
Alpex Solar IPO will be closed on 12 February 2024.
What is Alpex Solar IPO GMP Today?
The Alpex Solar IPO GMP aka Grey Market Premium is ₹190.
What is Alpex Solar IPO Kostak Rates Today?
The Alpex Solar IPO Kostak Rate is ₹000.
What is Alpex Solar IPO Subject to Sauda Price Today?
The Alpex Solar IPO subject to sauda rates is ₹000.
Alpex Solar IPO Expected Returns?
The Alpex Solar expected return is 165.22%.
How much will be the listing gain in Alpex Solar IPO?
Alpex Solar IPO will get listing gain of 165.22%. (Approx.)
