The Alpex Solar IPO started on February 8, 2024, and ended on February 12, 2024. Shares were allocated on February 13, 2024, and refund processes began on February 14, 2024. On February 14, 2024, the shares were credited to investors demat accounts. Alpex Solar was officially listed on the stock exchange on February 15, 2024.
During the IPO, Alpex Solar offered shares at a price range of ₹109 to ₹115 per share, and the lot size was 1200 shares. The total issue size was ₹74.52 crores, with ₹74.52 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Alpex Solar IPO Subscription Update Video
Alpex Solar IPO Subscription Status
The Alpex Solar IPO on February 12, 2024 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, the 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 Basic Details
| Company Name | Alpex Solar Limited |
| Domain of Company | Solar Panel Manufacturing Company |
| 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 |
About Alpex Solar Limited
Established in August 1993, Alpex Solar Limited is a leading solar panel manufacturer. We specialize in creating solar panels using advanced monocrystalline and polycrystalline cell technologies.
Our product line includes a variety of solar panel modules such as bifacial, mono PERC, and Half-Cut modules. We provide comprehensive solar energy solutions, covering AC/DC solar pumps and EPC services for both surface and submersible applications.
Among our esteemed clients are Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
We take pride in our commitment to quality, evident in our certifications including ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015, all accredited by KVQA Assessment Pvt Ltd.
Our manufacturing facility is strategically located in Greater Noida, with additional offices in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana.
As of November 2023, Alpex Solar Limited boasts a dedicated team of 196 employees across various departments, working together to drive our mission forward.
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Alpex Solar IPO FAQs
What is the start and end date of Alpex Solar IPO Subscription?
The Alpex Solar IPO started on February 8, 2024, and ended on February 12, 2024.
When does Alpex Solar IPO Subscription open?
The Alpex Solar IPO open on February 8, 2024.
When does Alpex Solar IPO Subscription close?
The Alpex Solar IPO Close on February 12, 2024.
What is the allotment date of Alpex Solar IPO?
The allotment date for Alpex Solar IPO is February 13, 2024.
When is the initial refund date of Alpex Solar IPO?
The initial Refund date for Alpex Solar IPO is February 14, 2024.
When were the shares credited to investors demat accounts for the Alpex Solar IPO?
The shares for the Alpex Solar IPO were credited to investors demat accounts on February 14, 2024.
When will Alpex Solar IPO be listed on the stock market?
Alpex Solar IPO stock market will be listed on February 15, 2024 at 10 am.
What was the price range of the Alpex Solar IPO shares?
The Alpex Solar IPO shares were offered at a price range of ₹109 to ₹115 per share.
What was the lot size for the Alpex Solar IPO shares?
The lot size for the Alpex Solar IPO shares was 1200 shares.
What was the total issue size of the Alpex Solar IPO?
The total issue size of the Alpex Solar IPO was ₹74.52 crores.
How were the shares allocated among different types of investors for the Alpex Solar IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Alpex Solar IPO listed?
The Alpex Solar IPO was listed on the NSE SME.
What is the Alpex Solar IPO Subscription Status?
Alpex Solar IPO is subscribed 324.03 Times.
