Last updated on February 15, 2024
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.
Promoters of Alpex Solar – Mr. Ashwani Sehgal, Mrs. Monica Sehgal, and Mr. Vipin Sehgal
Table of Contents
Alpex Solar IPO Details
| Alpex Solar IPO Dates | 8 – 12 February 2024 |
| Alpex Solar Issue Price | INR 109 – 115 per share |
| Fresh issue | 6,480,000 shares (INR 70.63 – 74.52 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,480,000 shares (INR 70.63 – 74.52 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 138,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Alpex Solar Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 148.53 | 165.56 | 194.68 | 212.76 |
| Expenses | 146.29 | 168.16 | 190.63 | 203.14 |
| Net income | 3.15 | 0.19 | 3.79 | 7.61 |
Alpex Solar Offer News
- Alpex Solar RHP
- Alpex Solar Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Alpex Solar Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.76 | 0.11 | 2.10 |
| PE ratio | – | – | 51.90 – 54.76 |
| RONW (%) | 8.39 | 0.52 | 9.55 |
| NAV | 62.49 | 62.82 | 63.13 |
| EBITDA (%) | 6.82 | 4.18 | 6.52 |
| ROCE (%) | 13.24 | 2.79 | 18.81 |
| Debt/Equity | 0.80 | 0.71 | 1.14 |
Alpex Solar IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 February 2024 | 145 | – | 140,000 |
| 13 February 2024 | 150 | – | 147,000 |
| 12 February 2024 | 185 | – | 172,000 |
| 10 February 2024 | 185 | – | 172,000 |
| 9 February 2024 | 180 | – | 170,000 |
| 8 February 2024 | 180 | – | 170,000 |
| 7 February 2024 | 190 | – | 175,000 |
| 6 February 2024 | 190 | – | 175,000 |
| 5 February 2024 | 188 | – | 173,000 |
| 3 February 2024 | 128 | – | 125,000 |
| 2 February 2024 | 100 | – | 100,000 |
| 1 February 2024 | 100 | – | 100,000 |
Alpex Solar IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 1,231,200 | 924,000 | 2,155,200 | 4,310,400 |
| 12 Feb 2024 | 141.48 | 502.66 | 351.89 | 324.11 |
| 9 Feb 2024 | 0.90 | 72.91 | 131.55 | 81.66 |
| 8 Feb 2024 | 0.09 | 25.61 | 48.36 | 29.69 |
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 Date | 8 February 2024 |
| IPO Closing Date | 12 February 2024 |
| Finalization of Basis of Allotment | 13 February 2024 |
| Initiation of refunds | 14 February 2024 |
| Transfer of shares to demat accounts | 14 February 2024 |
| IPO Listing Date | 15 February 2024 |
| Opening Price on NSE SME | INR 329 per share (up 186.09%) |
| Closing Price on NSE SME | INR 345.45 per share (up 200.39%) |
Alpex Solar Offer Lead Manager
CORPORATE CAPITAL VENTURESÂ PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 41824066
Email:Â [email protected]
Website:Â www.ccvindia.com
Alpex Solar Offer Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone:Â +91- 11-40450193-197
Email:Â [email protected]
Website:Â www.skylinerta.com
Alpex Solar IPO Contact Details
ALPEX SOLAR LIMITED
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]
Website: www.ofcoursegroup.com
IPO FAQs
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.
