Alpex Solar IPO Date, Review, Price, Allotment Details

Alpex Solar IPO Details: Alpex Solar IPO date is fixed, The IPO will open on February 8 and will close on February 12. Alpex Solar is a NSE SME IPO to raise ₹74.52 crores via IPO. The Alpex Solar IPO price band is fixed at ₹109 to ₹115 with a market lot of 1200 shares.

Alpex Solar IPO

Table of Contents

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.

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

Alpex Solar IPO FAQs


What is Alpex Solar IPO?

Alpex Solar IPO is an NSE SME IPO. They are going to raise ₹74.52 Crores via IPO. The issue is priced at ₹109 to ₹115 per equity share. The IPO is to be listed on NSE.

When Alpex Solar IPO will open?

The IPO is to open on February 8, 2024 for QIB, NII, and Retail Investors.

What is Alpex Solar IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Alpex Solar IPO?

You can apply Alpex Solar IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Alpex Solar IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Alpex Solar”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Alpex Solar IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Alpex Solar”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Alpex Solar IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Alpex Solar”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Alpex Solar IPO Size?

Alpex Solar IPO size is ₹74.52 crores.

What is Alpex Solar IPO Price Band?

Alpex Solar IPO Price Band is ₹109 to ₹115 per equity share.

What is Alpex Solar IPO Allotment Date?

Alpex Solar IPO allotment date is February 13, 2024.

What is Alpex Solar IPO Listing Date?

Alpex Solar IPO listing date is February 15, 2024. The IPO to list on NSE SME.

Note: The Alpex Solar IPO details are announced officially. The IPO grey market premium (Alpex Solar IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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