Alpex Solar Limited

08 Feb 2024 - 12 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹276000

Price Band

₹109-₹115

Issue Size

46.34 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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08 Feb 2024

Open Date

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12 Feb 2024

Close Date

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13 Feb 2024

Allotment Date

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15 Feb 2024

Listing Date

Alpex Solar Limited IPO 2024 is open for subscription from Thursday, February 8, 2024 and will close on Monday, February 12, 2024. The price band is decided at Rs 109 to Rs 115 per share. The minimum lot size of this application for the retail category is 1200 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,38,000 (115 x 1200 shares). However for HNI category the minimum investment amount is required Rs 2,76,000 (115 x 2400 shares). Alpex Solar Limited IPO 2024 is a book built issue of Rs 74.52 crores. The issue is entirely a fresh issue of 64.8 lakh equity shares. The allotment for this IPO is expected to be finalized on Tuesday, February 13, 2024. Alpex Solar Limited IPO will list on NSE SME and listing date fixed on Thursday, February 15, 2024. The book running lead manager of Alpex Solar Limited is Corporate Capital Ventures Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker for the Alpex Solar Limited IPO is not yet announced.

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About Alpex Solar Limited

Alpex Solar Limited incorporated in August 1993. It is engaged in the business of manufacturing Solar panels. The company uses monocrystalline and polycrystalline cell technologies. Their portfolio of the solar energy projects consists of bifacial, mono – perc and Halfcut Solar PV models. Company also provides integrated solar energy solutions, including engineering, procurement and constructions of AC/DC Solar Pumps in both surface and submersible categories. They manufacture and deliver solar panels in the B2B space and also work as a contract manufacturer for many large companies including Jackson, Luminous and Tata Power. Their Solar panels are delivered to the companies with a specific focus on EPC companies such as Solar Water Energy Solutions Private Limited, BVG India Limited, Hild Energy Private Limited and Shakti Pumps India Limited.

Founded

1993

Managing Director

Ashwani Sehgal

Parent Organization

IPO Objectives

The main objectives of this initial public offering is to raise funds for the expansion of the existing solar module manufacturing facility. Moreover, the net proceeds will also be utilized for funding of the capital expenditure toward setting up a new manufacturing unit for Aluminium frame for the solar module. Furthermore, funds will help to meet the working capital requirements of the company and to cover the general corporate expenses.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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