Alpex Solar IPO GMP, Review, Price, Allotment

Alpex Solar IPO GMP

Alpex Solar IPO description – In North India, Alpex leads as a solar photovoltaic (PV) module manufacturer, utilizing monocrystalline and polycrystalline cell technologies. Their solar product range includes bifacial, mono-perc, and Halfcut solar PV modules. Additionally, Alpex offers integrated solar solutions, covering engineering, procurement, and construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.

In the B2B arena, the company both produces and delivers solar panels. It is a contract manufacturer for major players like Luminous, Jakson, and Tata Power. Focused on EPC companies such as Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited, the company ensures swift and targeted delivery of solar panels.

Alpex Solar presently functions from a single manufacturing facility in Greater Noida. The company further extends its presence with offices strategically situated in different cities, encompassing New Delhi, Haryana, Chhattisgarh, Mumbai, Ludhiana, Nalagarh (Himachal Pradesh), Jaipur, and Tirupur (Tamil Nadu).

The fully automated robotic plants currently produce 450MW, with plans to increase to 1GW. As of November 2023, the company employs 196 individuals across different departments.

Alpex Solar

Promoters of Alpex Solar – Mr. Ashwani Sehgal, Mrs. Monica Sehgal, and Mr. Vipin Sehgal

Alpex Solar IPO Details

Alpex Solar IPO Dates8 – 12 February 2024
Alpex Solar Issue PriceINR 109 – 115 per share
Fresh issue6,480,000 shares (INR 70.63 – 74.52 crore)
Offer For SaleNil
Total IPO size6,480,000 shares (INR 70.63 – 74.52 crore)
Minimum bid (lot size)1,200 shares (INR 138,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Alpex Solar Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income3.150.193.797.61
Figures in INR Crores unless specified otherwise

Alpex Solar Offer News

Alpex Solar Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio51.90 – 54.76
RONW (%)8.390.529.55
EBITDA (%)6.824.186.52
ROCE (%)13.242.7918.81
Debt/Equity 0.800.711.14
*Compiled by IPO Central from Prospectus

Alpex Solar IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
14 February 2024145140,000
13 February 2024150147,000
12 February 2024185172,000
10 February 2024185172,000
9 February 2024180170,000
8 February 2024180170,000
7 February 2024190175,000
6 February 2024190175,000
5 February 2024188173,000
3 February 2024128125,000
2 February 2024100100,000
1 February 2024100100,000

Alpex Solar IPO Subscription – Live Updates

Shares Offered1,231,200924,0002,155,2004,310,400
12 Feb 2024141.48502.66351.89324.11
9 Feb 20240.9072.91131.5581.66
8 Feb 20240.0925.6148.3629.69

The market maker reservation portion of 3,24,000 shares is not included in the above calculations.

Alpex Solar IPO Allotment Status

Alpex Solar IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

Alpex Solar IPO Dates & Listing Performance

IPO Opening Date8 February 2024
IPO Closing Date12 February 2024
Finalization of Basis of Allotment13 February 2024
Initiation of refunds14 February 2024
Transfer of shares to demat accounts14 February 2024
IPO Listing Date15 February 2024
Opening Price on NSE SMEINR 329 per share (up 186.09%)
Closing Price on NSE SMEINR 345.45 per share (up 200.39%)

Alpex Solar Offer Lead Manager

B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 41824066
Email[email protected]

Alpex Solar Offer Registrar

D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: [email protected]

Alpex Solar IPO Contact Details

Plot No I 26 Site 5 Surajpur Industrial Area,
I.A. Surajpur, Gautam Buddha Nagar,
Noida, Uttar Pradesh, India, 201306
Phone: +91 9826298268
E-mail: [email protected]


What is the Alpex Solar offer size?

Alpex Solar offer size is INR 74.52 crores.

What is the Alpex Solar offer price band?

Alpex Solar public offer price is INR 109 – 115 per share.

What is the lot size of the Alpex Solar IPO?

Alpex Solar offer lot size is 1,200 shares.

What is Alpex Solar IPO GMP today?

Alpex Solar IPO GMP today is INR 145 per share.

What is the Alpex Solar kostak rate today?

Alpex Solar kostak rate today is NA per application.

What is Alpex Solar Subject to Sauda rate today?

Alpex Solar Subject to Sauda rate today is INR 140,000 per application.


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