Alpex Solar Ltd IPO allotment finalized: A Step-by-Step Guide to Checking Your Status in 6 Simple Steps

Alpex Solar Ltd IPO allotment:

If you've applied for the Alpex Solar Ltd IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the Skyline Financial Services Pvt registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.

Alpex Solar Ltd IPO allotment date:

The allotment date for the Alpex Solar Ltd IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for Alpex Solar Ltd IPO, managed by Skyline Financial Services Pvt. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for Alpex Solar Ltd IPO commenced on February 8, 2024, and concluded on February 12, 2024.

Alpex Solar Ltd IPO subscription:

On the third day of subscription, the Alpex Solar Ltd IPO witnessed [-] times subscription. The listing date is scheduled on February 15, 2024. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on February 14, 2024. Those allotted shares will receive them in their demat accounts on [-]. The listing date for Alpex Solar Ltd IPO is confirmed to be February 15, 2024.

Alpex Solar Ltd IPO: How to check allotment status?

If you've applied for the Alpex Solar Ltd IPO, you can easily check your allotment status on the Skyline Financial Services Pvt website. Here's a simple guide to check your allotment status:

  • Go to the Skyline Financial Services Pvt website.
  • Select the Alpex Solar Ltd IPO from the dropdown menu.
  • Choose either your Application Number, Demat Account, or PAN to proceed.
  • Select your application type as ASBA or non-ASBA.
  • Provide the required details based on your selection in the previous step.
  • Complete the Captcha verification.
  • Click on the submit button to view your allotment status.

How to check Alpex Solar Ltd IPO allotment status on BSE:

  • Navigate to the allotment page on the official BSE website via this link: https://www.bseindia.com/investors/appli_check.aspx
  • In the 'Issue Type' section, opt for 'Equity' and pick the Alpex Solar Ltd IPO from the dropdown menu labeled 'Issue Name'.
  • Enter either your PAN or application number, then click the 'Submit' button.

How to check Alpex Solar Ltd IPO allotment status on NSE:

  • to NSE's official website using this link:https://www.nseindia.com/
  • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
  • Enter your username, password, and captcha code on the subsequent page.
  • Once logged in, navigate to the designated section to check the IPO allotment status.

Allocation quota for Alpex Solar Ltd

The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.

Category of Investors Allocation of shares under IPO
Reservation for Employees 0 (0%)
Anchor Allocation 18,45,600 (28.48%)
QIB Shares Offered 12,31,200 (19%)
NII (HNI) Shares Offered 9,24,000 (14.26%)
Retail Shares Offered 21,55,200 (33.26%)
Total Shares Offered 64,80,000

Data Source: NSE-SME

Let's now examine how different categories of investors participated in placing their bids for the IPO of Alpex Solar Ltd.

Subscription levels for Alpex Solar Ltd

Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for Alpex Solar Ltd.

Category Subscription Status
Qualified Institutional Buyers (QIB) [-]
S (HNI) ₹2 lakhs to ₹10 lakhs [-]
B (HNI) Above ₹10 lakhs [-]
Non Institutional Investors (NII) [-]
Retail Individuals [-]
Employees [-]
Overall Subscription [-]

Data Source: NSE-SME

The QIB portion witnessed a subscription of [-] times, while the HNI/NII portion saw a subscription of [-] times. The Retail portion experienced a subscription of [-] times, culminating in an overall subscription of [-] times for the IPO.

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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