Alpex Solar IPO(initial public offering) Complete details

Alpex Solar IPO Details: Alpex Solar plans to raise approximately Rs74.52 crores through an initial public offering (IPO) on February 8th 2024 by selling 6,4880,000 equity shares between Rs109 and Rs115 per share to regular and high net-worth individuals alike. 35% of shares sold directly go directly to regular investors while another 35% are distributed among institutions and high net-worth people.

FREE Alpex Solar IPO

About Alpex Solar

Alpex Solar is the market leader for manufacturing photovoltaic (PV) modules in North India. Utilizing both monocrystalline and polycrystalline cell technologies, they produce modules such as bifurcated mono-perc halfcut solar modules as well as integrated solutions including engineering procurement and construction (EPC) of AC/DC solar pumps used both surface-mount applications as well as submersible applications – in this regard acting as contract manufacturers to major industry players like Luminous Jakson Tata Power etc. Alpex Solar recently filed for an SME initial public offering (IPO), with an intention of raising up to INR 68,800,00 lakhs through it. They plan on using these proceeds for capital expenditures such as expanding current solar module production facilities, setting up an aluminum frame unit, covering working capital expenses, general corporate costs as well as benefitting from India’s Pradhan Mantri Suryoday Yojna rooftop solar scheme. 

Unfortunately, its stock is currently trading at a premium compared to peers, while financial results appear dismal. Before considering investing in Alpex Solar, investors must understand its business model and industry dynamics first – this page seeks to compile all pertinent facts so you can make an informed decision – including essential financial details as well as comparisons against industry rivals as well as information regarding allotment process of its IPO allotments process so you can make informed selection decisions.

Alpex Solar Pro and Cons:

FactorProCon
Industry GrowthIndia along with world is witnessing remarkable expansion and development within their solar energy business sector. There is vast market expansion potential.Strong competition between established and rising young players.
Financial PerformanceRecent financial results demonstrated strong sales growth and profit gains during FY24 H1 of this fiscal year.Profitability has historically been uncertain and raised concerns regarding long-term viability.
ValuationPrice range may be more attractive as compare to competitors and yield greater potential returns.An uncertain track record makes estimating long-term potential difficult.
Product FocusProduction of highly demanded solar PV modules.SME listings tend to offer less liquid markets.
Legal CaseTax evasion prosecution against an affiliate could wreak havoc with business continuity and reputation.

Objects of the issue are:

  • Funding Capital Expenditure to upgrade and expand the current solar module manufacturing facilities by 750 MW.
  • Funding Capital Expenditure for the establishment of a new production plant for aluminum frames for solar modules.
  • To meet the company’s working capital requirements.
  • General corporate expenses.

Alpex Solar IPO Important Dates for you:

EventDate
IPO Open DateFebruary 8, 2024
IPO Close DateFebruary 12, 2024
Basis of AllotmentFebruary 13, 2024
RefundsFebruary 14, 2024
Credit to Demat AccountFebruary 14, 2024
IPO Listing DateFebruary 15, 2024

Alpex Solar IPO Date and Price Band Details:

DetailValue
IPO OpenFebruary 8, 2024
IPO CloseFebruary 12, 2024
IPO SizeApprox ₹74.52 Crores, 6,480,000 Equity Shares
Face Value₹10 Per Equity Share
IPO Price Band₹109 to ₹115 Per Equity Share
IPO Listing onNSE SME
Retail Quota35% of the net offer
QIB Quota50% of the net offer
NII Quota15% of the net offer
DRHP Draft ProspectusClick Here
RHP Draft Prospectus:Click Here

Alpex Solar IPO Market Lot Size:

ApplicationLot SizeSharesAmount
Retail Minimum11200₹138,000
Retail Maximum11200₹138,000
S-HNI Minimum22400₹276,000

Alpex Solar Financial Report:

YearRevenueExpensePAT
2021149.73146.293.15
2022168.54168.160.19
2023195.92190.633.79
September 2023213.11203.147.61

Alpex Solar Address:

CategoryDetails
Company NameInsolation Energy Limited
Company PromotersMr. Ashwani Sehgal
Mrs. Monica Sehgal
Mr. Vipin Sehgal
IPO RegistrarSkyline Financial Services Private Ltd
Registrar ContactPhone: 02228511022
Email: [email protected]
Website: Skyline Financial Services
IPO Allotment Status CheckCheck Alpex Solar IPO allotment status on Skyline Financial website
Lead Managers (Merchant Bankers)Corporate Capital Ventures Pvt Ltd
Company Address (Alpex Solar Ltd)B-79 Shivalik Enclave
Near Malviya Nagar
New Delhi – 110017
Phone: +91 – 9971751589
Email: [email protected]
Website: Alpex Solar

Frequently asked question by investors :

When Alpex Solar IPO will open?

This initial public offering (IPO) will begin trading for QIB, NII and Retail Investors on February 8, 2024.

What is Alpex Solar IPO Investors Portion?

QIB investors account for 50%, NII 15% and Retail 35% respectively.

What is Alpex Solar IPO Size?

Alpex Solar’s Initial Public Offering size stands at Rs74.52 crores.

What is Alpex Solar IPO Price Band?

Alpex Solar’s initial public offering (IPO) price band ranges between Rs109 to Rs115 per equity share.

What is Alpex Solar IPO Allotment Date?

Date for allotment of shares at Alpex Solar’s Initial Public Offering will be set as February 13, 2024.

What is Alpex Solar IPO Listing Date?

Alpex Solar will hold their initial public offering (IPO) listing date on February 15, 2024 on NSE SME.

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