Alpex Solar Limited IPO
- IPO Date08 Feb, 2024 to 12 Feb, 2024
- Listing Date15 Feb, 2024
- Face Value₹10 per share
- Issue Price₹109 to ₹115 per share
- Lot Size1200 Shares
- Minimum Investment₹1,38,000
- Listing AtNSE SME
- Total Issue Size64,80,000 Shares
(aggregating up to ₹74.52 Cr) - Fresh Issue64,80,000 Shares
(aggregating up to ₹74.52 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,79,93,400
- Shareholding post issue2,44,73,400
IPO Dates
Closing Date
12 Feb, 2024
Initiation of Refunds
14 Feb, 2024
Listing Date
15 Feb, 2024
08 Feb, 2024
Opening Date
13 Feb, 2024
Basis of Allotment
14 Feb, 2024
Credit of Shares
Alpex Solar Limited 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 | ₹1,38,000 |
| HNI (Min) | 2 | 2400 | ₹2,76,000 |
| Retail (Max) | 1 | 1200 | ₹1,38,000 |
Alpex Solar Limited Promoter Holding
The promoters of the company are Mr. Ashwani Sehgal, Mrs. Monica Sehgal and Mr. Vipin Sehgal.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.53% | 68.76% |
Alpex Solar Limited COMPANY INFORMATION
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 started from February 8, 2024 and ended on February 12, 2024. The allotment for Alpex Solar IPO was finalized on Tuesday, February 13, 2024. The shares got listed on NSE SME on February 15, 2024. 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. Corporate Capitalventures Pvt Ltd is the book running lead manager of the Alpex Solar IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Alpex Solar IPO is Ss Corporate Securities. Refer to Alpex Solar IPO RHP for detailed information.
Incorporated in August 1993, Alpex Solar Limited is a manufacturer of Solar panels. The company uses monocrystalline and polycrystalline cell technologies.
The company offers a range of solar panel modules including bifacial, mono PERC, and Half-Cut module. The company offers solar energy solutions, including AC/DC solar pumps EPC for surface and submersible categories.
The company's clients include Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
The Company has received several quality certifications, including ISO 14001:2015, ISO 45001: 2018, and ISO 9001: 2015, all certified by KVQA Assessment Pvt Ltd.
The manufacturing facility is situated in Greater Noida while other offices are located in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana.
As of November 2023, the company has a total of 196 employees working across various departments.
FAQs About Alpex Solar Limited Ipo
Alpex Solar Limited IPO will open on 08 Feb, 2024 and close on 12 Feb, 2024. Investors must apply within this period to participate.
The Alpex Solar Limited IPO price band is set between ₹109.00 and ₹115.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹138000.00.
The Alpex Solar Limited IPO shares are expected to be listed on 15 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Alpex Solar Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Alpex Solar Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.