Alpex Solar Ltd

Capital Goods - Electrical Equipment

Offer Period :

8th to 2nd Feb 2024

Established in August 1993, Alpex Solar Ltd specializes in manufacturing solar panels using monocrystalline and polycrystalline cell technologies. Offering a diverse range of solar modules and energy solutions, Read more... the company holds quality certifications and serves notable clients. With offices across India, its manufacturing facility is in Greater Noida.Read less

Alpex Solar Ltd IPO Details

IPO Date 8th to 2nd Feb 2024 Minimum Investment ₹138000 / 1 Lots
Listing Date 2024-02-15 Maximum Investment ₹138000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹74.52 Crores
Price ₹115 to ₹115 per share Fresh Issue ₹74.52 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 8th to 2nd Feb 2024
Listing Date 2024-02-15
Face Value ₹10 per share
Price ₹115 to ₹115 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹138000 / 1 Lots
Maximum Investment ₹138000 / 1 Lots
Total Issue Size ₹74.52 Crores
Fresh Issue ₹74.52 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

8th Feb

IPO Starts

12th Feb

IPO Ends

13th Feb

Allotment Date

14th Feb

Initiation of Refund

14th Feb

Credit of Shares to Demat Account

15th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 85 62.49
Public Group 15 37.51

Alpex Solar Ltd IPO Reservation

QIB Shares Offered 1231200(19%)
NII (HNI) Shares Offered 924000(14.26%)
Retail Shares Offered 2155200(33.26%)
Anchor Investor Shares Offered 1845600(28.48%)
Total Shares Offered 6480000
Total Shares With Anchor Investor 6480000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Alpex Solar Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91- 11-40450193-97;
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Alpex Solar Ltd IPO Lead Manager

1. Corporate Capitalventures Pvt Ltd

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Alpex Solar Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Alpex Solar Ltd

1. Strategically located manufacturing facility.

2. Diverse product portfolio with focus on quality.

3. Experienced Promoter and management team with strong industry expertise and successful track record.

4. Well versed and equipped with advance technology.

5. Quality Assurance & Control.

Risks Involved

1. The company involves in the case of Deputy Commissioner of Income Tax v. Alpex Export Private Limited & Ors Criminal Revision Petition 132/2023 before the Hon'ble Delhi High Court.

2. The company may not be successful in bidding for and winning bids for solar water pumps EPC projects to grow its business.

3. Its Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.

4. Its business operations may face less sales in unfavourable solar weather conditions could have a material adverse effect on its business, financial condition and results of operations.

5. The company has not taken any steps to order the machinery/equipment required for the proposed aluminium Plant. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment/ machineries in a timely manner, or at all, the same may result in time and cost over-runs.

6. Its may continue to derives a material portion of the company revenue from its top five customers and its financial dependence on its top Five customers particularly "Luminous Power Technologies Private Limited" poses a potential risk. A reduction in business from "Luminous" or any other major clients could have negative implications for both its revenue and profitability.

7. Majority of its state wise revenues from operations for the last 3 years is dependent majorly on Uttar Pradesh. Any adverse developments affecting its operations in these states could have an adverse impact on its revenue and results of operations.

8. The company involves in the consumer court cases where customer not satisfied with the warranty.

9. Its face competition in its business from domestic competitors. Such competition would have an adverse impact on its business and financial performance.

10. Non-availability of secretarial records of the company filed with ROC since incorporation and non-updating of recent records at MCA.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 125.6 100.04 99.35
Total Liabilities 125.6 100.04 99.35
Total Expenses 190.63 168.16 146.29
Total Revenue 
195.92 168.54 149.73
Profit After Tax 3.79 0.19 3.15
EBITDA 12.7 6.92 10.14
Adjusted EBITDA 0 0 0

Alpex Solar Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-15 86284 ALPEXSOLAR
INE0R4701017
₹115 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹115 ₹115
Open ₹0 ₹329
Low ₹0 ₹329
High ₹0 ₹345.45
Low ₹0 ₹329

Frequently Asked Questions

What is Alpex Solar Ltd IPO?

Answer Field

Alpex Solar Ltd IPO is a SME IPO of 64,80,000 equity shares of a face value of ₹10 aggregating up to ₹74.52 Crores. The issue is priced at ₹115 to ₹115 per share. The minimum order quantity is 1200 Shares. The IPO opens on February 08, 2024, and closes on February 12, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Alpex Solar Ltd IPO will open?

Answer Field

The Alpex Solar Ltd IPO opens on February 08, 2024 and closes on February 12, 2024.

What is the lot size of Alpex Solar Ltd?

Answer Field

Alpex Solar Ltd lot size is 1200 shares, and the minimum amount required is ₹1,38,000.

How to apply for Alpex Solar Ltd IPO?

Answer Field

You can apply in Alpex Solar Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Alpex Solar Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Alpex Solar Ltd IPO will be done on February 13, 2024, and the allotted shares will be credited to your demat account by February 14, 2024.

When is Alpex Solar Ltd IPO listing date?

Answer Field

The Alpex Solar Ltd listing date is February 15, 2024.

Who is the registrar of Alpex Solar Ltd IPO?

Answer Field

The registrar of Alpex Solar Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Corporate Capitalventures Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Alpex Solar Ltd IPO?

Answer Field

The fresh issue size is ₹74.52 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Alpex Solar Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,38,000 amount.

How can I approve the UPI mandate request for Alpex Solar Ltd IPO?

Answer Field

To apply for Alpex Solar Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Alpex Solar Ltd?

Answer Field

The price of each Alpex Solar Ltd share will be ranging in between ₹115 to ₹115 per share.

What is the cut-off time for the UPI mandate for Alpex Solar Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 12, 2024.

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