Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Alpex Solar Limited IPO is going to open soon. So I will give you complete information about Alpex Solar Limited IPO here on IPO India.
On this article I will inform you about Alpex Solar Limited IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Alpex Solar Limited
Established in August 1993, Alpex Solar Limited is a leading solar panel manufacturer using monocrystalline and polycrystalline cell technology.
The company specializes in a wide range of solar panel modules including bifacial, mono PERC and half-cut modules. Alpex Solar Limited offers comprehensive solar energy solutions including AC/DC solar pumps and EPC services for both surface and submersible applications.
Prominent clients of the company include SolarWorld Energy Solutions Pvt Ltd, BVG India Ltd, Tata Power, Heald Energy Pvt Ltd and Shakti Pumps India Ltd.
Alpex Solar Limited holds various quality certifications, such as ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015, all accredited by KVQA Assessment Pvt.
The company’s manufacturing facility is located in Greater Noida, with additional offices located in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur and Ludhiana.
As of November 2023, Alpex Solar Limited employs a total of 196 persons across various divisions.
Alpex Solar Limited IPO GMP
| Exp. Premium (GMP) | ₹[_] per Share |
About Alpex Solar Limited IPO
Here is some information about Alpex Solar Limited IPO which will help you in making a decision to invest in Alpex Solar Limited IPO. It appears to be a book-built offer with a total value of ₹74.52 crore, including entirely a fresh issue of 64.8 lakh shares.
Summary of the key details
- Issue Size: Rs 74.52 crores
- Offer for Sale: 64.8 Lakhs shares
- Subscription Period: February 8, 2024 to February 12, 2024
- Allotment Date: February 13, 2024
- Listing Date: February 15, 2024
Price Range of Alpex Solar Limited IPO
- ₹109 to ₹115 per share
Lot Size of Alpex Solar Limited IPO
- Minimum Lot: 1200 Shares.
- Minimum Investment for Retail Investors: ₹138,000
Minimum Lot Size Investments for Alpex Solar Limited IPO
- HNI: 2 lots (2400 shares), amounting to ₹276,000.
This information provides potential investors with the details they need to participate in the Alpex Solar Limited IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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Alpex Solar Limited IPO
| Open Date | February 08, 2024 |
| Close Date | February 12, 2024 |
| Allotment Date | February 13, 2024 |
| Listing Date | February 15, 2024 |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹109-115 Per Equity Share |
| Issue Size | 6,480,000 shares (Aggregating up to ₹74.52 Cr) |
| Market Lot (Min. Amount) | Retail: 1200 Shares (₹138,000/-) |
| Listing at Group(s) | NSE SME |
| Lead Manager | Corporate Capitalventures Pvt Ltd |
| Register | Skyline Financial Services Private Ltd |
| Retail Portion | 35% |
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Valuations of Alpex Solar Limited IPO
| Earnings Per Share (EPS Pre IPO) | ₹2.1/- |
| Earnings Per Share (EPS Post IPO) | ₹6.222/- |
| P/E Ratio Pre IPO | 54.66 |
| P/E Ratio Post IPO | 18.5 |
| RoNW | N/A% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Alpex Solar Limited Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2023 | 14,188.46 | 21,310.72 | 760.58 | 4,906.86 | 4,307.08 | 4,175.15 |
| 31 Mar 2023 | 12,559.64 | 19,592.07 | 378.58 | 4,146.29 | 3,546.51 | 4,735.73 |
| 31 Mar 2022 | 10,003.75 | 16,853.62 | 19.42 | 3,767.70 | 3,167.92 | 2,669.98 |
| 31 Mar 2021 | 9,935.35 | 14,972.96 | 315.23 | 3,748.28 | 3,148.50 | 2,992.68 |
Promoter(s)
| Pre Issue Share Holding | 93.53% |
| Post Issue Share Holding | 68.76% |
Company Promotor(s):-
- Mr. Ashwani Sehgal
- Mrs. Monica Sehgal
- Mr. Vipin Sehgal
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.55% |
| ROCE | 18.81% |
| Debt/ Equity | 1.14 |
| RoNW | 9.55% |
| P/BV | 1.66 |
Issue Objective(s)
- Funding Capital Expenditure for upgradation and expansion of the existing solar module manufacturing facility by increasing 750 MW;
- Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for the solar module;
- To Meet Working Capital requirements of the Company; and
- General Corporate Expenses.
Alpex Solar Limited IPO Registrar
| Name | Skyline Financial Services Private Ltd |
| Phone | 02228511022 |
| ipo@skylinerta.com | |
| Website | https://www.skylinerta.com/ipo.php |
Alpex Solar Limited IPO Review
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Conclusion
In conclusion, my fellow finance enthusiasts, the Alpex Solar Limited IPO presents an attractive investment opportunity in the renewable energy sector. Established in August 1993, Alpex Solar Limited stands as a leading solar panel manufacturer, specializing in advanced technologies such as monocrystalline and polycrystalline cell technology. The company’s diverse range of solar panel modules and comprehensive solar power solutions, along with its prestigious clientele, position it as a promising player in the industry.
As you are planning to participate in Alpex Solar Limited IPO, it is important to know about key details. The issue size is ₹74.52 crore with subscription period from February 8, 2024 to February 12, 2024. The IPO price ranges from ₹109 to ₹115 per share, and the minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹138,000 required. Company financial indicators, valuations and performance metrics provide further insights for potential investors.
However, it is important to exercise due diligence and consider the risks associated with IPO investments. If you decide to embark on this investment journey, be sure to mark your calendar for the important dates: Allotment on February 13, 2024 and Listing on February 15, 2024. Happy investing!
Alpex Solar Limited IPO FAQs
When Alpex Solar Limited IPO is coming?
The Alpex Solar IPO opens on February 8, 2024 and closes on February 12, 2024.
What is the lot size of Alpex Solar Limited IPO?
Alpex Solar IPO lot size is 1200 Shares, and the minimum amount required is ₹138,000.
When Alpex Solar Limited IPO Allotment?
The finalization of Basis of Allotment for Alpex Solar IPO will be done on Tuesday, February 13, 2024, and the allotted shares will be credited to your demat account by Wednesday, February 14, 2024.