Alpex is a solar photovoltaic (PV) module manufacturer in North India. Their PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. Their portfolio of solar energy products consists of bifacial, mono-perc, and Halfcut solar PV modules. They also provide integrated solar energy solutions, including engineering, procurement, and construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.
They manufacture and deliver solar panels in the B2B space and also serve as a contract manufacturer for several large companies, including Luminous, Jackson, and Tata Power. Their solar panels are delivered to companies, with a specific focus on EPC companies such as Solar World Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited. These companies install their solar panels at their clients’ locations after securing orders. As for solar water pumps, they target the B2C segment. They begin by applying for tenders in respective states, and if they succeed in winning the tender, they proceed to assess the installation site and subsequently install solar water pumps at the designated locations.
Their Plant is approved after undergoing rigorous quality and production process due diligence by numerous government and private companies, including Tata Power, Luminous Power, Jakson Power, as well as government agencies such as NTPC, NHDC, Haryana Renewable Energy Development Agency (HAREDA), Chhattisgarh State Renewable Energy Development Agency (CREDA), Punjab Energy Development Agency (PEDA), Rajasthan Agricultural Competitiveness Project (RACP), and HP Saur Sinchai Yojana.
Objects of the Issue:
- 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.
- General Corporate Expenses.
Alpex Solar IPO Review
- Apply
Alpex Solar IPO Date & Price Band Details
| IPO Open: | February 8, 2024 |
| IPO Close: | February 12, 2024 |
| IPO Size: | Approx ₹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 on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Alpex Solar IPO Market Lot
The Alpex Solar IPO minimum market lot is 1200 shares with a ₹138,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹138,000 |
| Retail Maximum | 1 | 1200 | ₹138,000 |
| S-HNI Minimum | 2 | 2400 | ₹276,000 |
Alpex Solar IPO Dates
The Alpex Solar IPO date is February 8 and the IPO close date is February 12. The IPO allotment date is February 13 and the IPO might list on February 15.
| IPO Open Date: | February 8, 2024 |
| IPO Close Date: | February 12, 2024 |
| Basis of Allotment: | February 13, 2024 |
| Refunds: | February 14, 2024 |
| Credit to Demat Account: | February 14, 2024 |
| IPO Listing Date: | February 15, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Alpex Solar IPO Form
How to apply Alpex Solar IPO? You can apply Alpex Solar IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Alpex Solar IPO in the Invest section. The other option you can apply Alpex Solar IPO via IPO forms download via the NSE website. Check out the Alpex Solar forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Alpex Solar Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹149.73 | ₹146.29 | ₹3.15 |
| 2022 | ₹168.54 | ₹168.16 | ₹0.19 |
| 2023 | ₹195.92 | ₹190.63 | ₹3.79 |
| September 2023 | ₹213.11 | ₹203.14 | ₹7.61 |
Alpex Solar IPO Valuation – FY2023
Check Alpex Solar IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.10 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 9.55% |
| Net Asset Value (NAV): | ₹69.13 per Equity Share |
Peer Group
- Insolation Energy Limited
Company Promoters
- Mr. Ashwani Sehgal
- Mrs. Monica Sehgal
- Mr. Vipin Sehgal
Alpex Solar IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
Alpex Solar IPO Allotment Status
Check Alpex Solar IPO allotment status on Skyline Financial website URL. Click Here
Alpex Solar IPO Lead Managers aka Merchant Bankers
- Corporate Capital Ventures Pvt Ltd
Company Address
Alpex Solar Limited
B-79 Shivalik Enclave
Near Malviya Nagar
New Delhi -110017
Phone: +91 – 9971751589
Email: [email protected]
Website: http://www.alpexsolar.com/
