Alpex Solar Limited IPO GMP with Details: Alpex Solar IPO is a book-built issue of Rs 74.52 crores. The issue is entirely a fresh issue of 64.8 lakh shares.
Alpex Solar IPO bidding opened for subscription on February 8, 2024 and will close on February 12, 2024. The allotment for the Alpex Solar IPO is expected to be finalized on Tuesday, February 13, 2024. Alpex Solar IPO will list on NSE SME with tentative listing date fixed as Thursday, February 15, 2024.
Table of Contents
Alpex Solar IPO price band is set at ₹109 to ₹115 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹276,000.
Refer to Alpex Solar IPO RHP for detailed information.
Alpex Solar Limited IPO Details:
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | Thursday, February 15, 2024[.] |
| Face Value | ₹10 per share |
| Price Band | ₹109 to ₹115 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,480,000 shares (aggregating up to ₹74.52 Cr) |
| Fresh Issue | 6,480,000 shares (aggregating up to ₹74.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,993,400 |
| Share holding post issue | 24,473,400 |
| Market Maker portion | 324,000 shares Ss Corporate Securities |
Timeline of Alpex Solar Limited IPO GMP with Details:
Alpex Solar IPO opens on February 8, 2024, and closes on February 12, 2024.
| IPO Open Date | Thursday, February 8, 2024 |
| IPO Close Date | Monday, February 12, 2024 |
| Basis of Allotment | Tuesday, February 13, 2024 |
| Initiation of Refunds | Wednesday, February 14, 2024 |
| Credit of Shares to Demat | Wednesday, February 14, 2024 |
| Listing Date | Thursday, February 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 12, 2024 |
Reservation of Alpex Solar Limited IPO GMP with Details:
Alpex Solar IPO offers 6,480,000 shares. 1,231,200 (19.00%) to QIB, 924,000 (14.26%) to NII, 2,155,200 (33.26%) to RII and 1,845,600 (28.48%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,845,600 (28.48%) |
| Market Maker Shares Offered | 324,000 (5.00%) |
| QIB Shares Offered | 1,231,200 (19.00%) |
| NII (HNI) Shares Offered | 924,000 (14.26%) |
| Retail Shares Offered | 2,155,200 (33.26%) |
| Total Shares Offered | 6,480,000 (100%) |
Alpex Solar Limited IPO Lot Size:
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹138,000 |
| Retail (Max) | 1 | 1200 | ₹138,000 |
| HNI (Min) | 2 | 2,400 | ₹276,000 |
Alpex Solar Limited IPO Anchor Investors Details:
Alpex Solar IPO raises Rs 21.22 crore from anchor investors. Alpex Solar IPO Anchor bid date is February 7, 2024. Alpex Solar IPO Anchor Investors list.
| Bid Date | February 7, 2024 |
| Shares Offered | 1,845,600 |
| Anchor Portion Size (In Cr.) | 21.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 13, 2024 |
About Alpex Solar Limited:
Founded in 1993, Alpex initially operated as an international trading house specializing in trade of specialized synthetic yarns and knitting machinery components.
However, a visionary change initiated by the founders resulted in a substantial shift in business focus and operations, first diversifying in wind power generation as an IPP and then leading Alpex to evolve into a prominent manufacturer of solar photovoltaic (PV) panels. Since 2005, Alpex has progressively advanced, solidifying its reputation as the most reputable and reliable manufacturer of Solar PV panels in the industry.
Alpex is a significant global manufacturer of highly specialized high power PV modules and solar systems which are leading the market while being cost effective. With state of the art technology and a highly skilled team, we strive to be leading the industry.
Alpex Exim Pvt. Ltd, (AEPL) has been engaged in import and distribution of a wide range of specialized yarn and knitting machine components, for the textile industry for over two decades. Alpex caters to over 1000 knitters and exporters through its network of offices in Delhi, Ludhiana, Mumbai, Tirupur, Surat, Kolkata, and Jaipur.
Alpex Solar Limited Financial Information:
Alpex Solar Limited’s revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,188.46 | 12,559.64 | 10,003.75 | 9,935.35 |
| Revenue | 21,310.72 | 19,592.07 | 16,853.62 | 14,972.96 |
| Profit After Tax | 760.58 | 378.58 | 19.42 | 315.23 |
| Net Worth | 4,906.86 | 4,146.29 | 3,767.70 | 3,748.28 |
| Reserves and Surplus | 4,307.08 | 3,546.51 | 3,167.92 | 3,148.50 |
| Total Borrowing | 4,175.15 | 4,735.73 | 2,669.98 | 2,992.68 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Alpex Solar IPO is Rs 281.44 Cr.
| KPI | Values |
|---|---|
| ROE | 9.55% |
| ROCE | 18.81% |
| Debt/Equity | 1.14 |
| RoNW | 9.55% |
| P/BV | 1.66 |
Alpex Solar Limited IPO Subscription Status (Bidding Detail):
The Alpex Solar IPO is subscribed 82.88 times on February 9, 2024 7:30:00 PM (Day 2). The public issue subscribed 133.86 times in the retail category, 0.90 times in the QIB category, and 73.19 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.90 | 12,31,200 | 11,06,400 |
| NII* | 73.19 | 9,24,000 | 6,76,23,600 |
| Retail | 133.86 | 21,55,200 | 28,85,04,000 |
| Total | 82.88 | 43,10,400 | 35,72,34,000 |
Total Application: 240,420
Alpex Solar Limited IPO GMP with Details Live Rates Day by Day:
| Date | GMP | Subject to |
| Today | ₹190 | ₹170,000 |
| 8 February | ₹190 | ₹170,000 |
| 7 February | ₹190 | ₹170,000 |
| 6 February | ₹190 | ₹170,000 |
| 5 February | ₹190 | ₹170,000 |
| 4 February | ₹190 | ₹170,000 |
FAQs for Alpex Solar Limited IPO:
What is Alpex Solar IPO GMP Today?
The Alpex Solar IPO GMP (Grey Market Premium) is ₹190.
What is Alpex Solar IPO?
Alpex Solar IPO is a SME IPO of 6,480,000 equity shares of the face value of ₹10 aggregating up to ₹74.52 Crores. The issue is priced at ₹109 to ₹115 per share. The minimum order quantity is 1200 Shares.
The IPO opens on February 8, 2024, and closes on February 12, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
When will Alpex Solar IPO open?
The Alpex Solar IPO opens on February 8, 2024, and closes on February 12, 2024.
What is the lot size of Alpex Solar IPO?
Alpex Solar IPO lot size is 1200 Shares, and the minimum amount required is ₹138,000.
How to apply for Alpex Solar IPO?
You can apply in Alpex Solar 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. Read more detail about apply IPO online through Angel One, Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Alpex Solar 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. Check the Alpex Solar IPO allotment status.
When is Alpex Solar IPO listing date?
The Alpex Solar IPO listing date is not yet announced. The tentative date of Alpex Solar IPO listing is Thursday, February 15, 2024.
Alpex Solar IPO Expected Returns?
The Alpex Solar expected return is 165%.
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