Alpex Solar IPO Review

 
Alpex Solar IPO Review

IPO Open Date: February 8, 2024

IPO Close Date: February 12, 2024

IPO Price: ₹109 to ₹115 per share

Lot Size: 1200 Shares

Listing: February 15, 2024

Alpex Solar is scheduled to hit the market on February 08, 2024 and close on February 12, 2024. Alpex Solar plans to raise around ₹74.52 Cr through an IPO with a sale of up to 6,480,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in August 1993, Alpex Solar Limited stands as a prominent player in the solar energy landscape, specializing in the manufacture of solar panels. Leveraging both monocrystalline and polycrystalline cell technologies, the company offers a diverse range of solar panel modules, including bifacial, mono PERC, and Half-Cut modules. Beyond manufacturing, Alpex Solar extends its expertise to provide comprehensive solar energy solutions, encompassing AC/DC solar pumps and EPC services for both surface and submersible applications.

The company has cultivated a notable clientele, with Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited among its esteemed clients. Alpex Solar has earned several quality certifications, underscoring its commitment to excellence. Notable certifications include ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015, all attested by KVQA Assessment Pvt Ltd. With a manufacturing facility situated in Greater Noida and additional offices strategically located in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana, Alpex Solar operates at the forefront of the renewable energy sector. As of November 2023, the company's dedicated team comprises a total of 196 employees, contributing to its ongoing success across various departments.

Alpex Solar


Alpex Solar IPO Details

Alpex Solar IPO opens on Feb 08, 2024, and closes on Feb 12, 2024. The Listing date for Alpex Solar IPO is on Feb 15, 2024. The price band for IPO is ₹109 to ₹115 per share and lot size of 1200 Shares.

IPO DateFeb 08, 2024 to Feb 12, 2024
Listing DateFeb 15, 2024
Price₹109 to ₹115 per share
Lot Size1200 Shares
Issue Size₹74.52 Cr
Face Value₹10 per share

Alpex Solar IPO Tentative Timetable

Alpex Solar opening date is February 08, 2024 and close date is February 12, 2024. The IPO allotment date is February 13, 2024. The refund initiation of IPO is on February 14, 2024. The credit of shares in demat account is on February 14, 2024. The listing date is on February 15, 2024.

EventDate
IPO OpeningFeb 08, 2024
IPO ClosingFeb 12, 2024
IPO Allotment DateFeb 13, 2024
Refund InitiationFeb 14, 2024
Shares Credit to DematFeb 14, 2024
Lisiting DateFeb 15, 2024

Alpex Solar IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹138,000).

CategoryLotsSharesAmount
Retail(Minimum)11200₹138,000
Retail(Maximum)11200₹138,000
HNI (Minimum)22400₹276,000

Alpex Solar IPO Promoter Holding

Pre Issue Share Holding93.53%
Post Issue Share Holding68.76%

Alpex Solar IPO Review

Alpex Solar Limited has demonstrated a robust financial performance, with a noteworthy 16.25% increase in revenue and a remarkable 1849.43% surge in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022. The company's consistent growth is evident in its financial statements, with assets reaching INR 14,188.46 lakhs as of September 30, 2023. The market capitalization of Alpex Solar IPO stands at Rs 281.44 Cr, reflecting investor interest in the company's prospects.

Key performance indicators showcase Alpex Solar's financial health, with a Return on Equity (ROE) of 9.55% and a Return on Capital Employed (ROCE) of 18.81%. The Debt/Equity ratio of 1.14 indicates a balanced approach to financing. The pre-IPO and post-IPO earnings per share (EPS) of Rs 2.1 and Rs 6.22, respectively, illustrate the anticipated positive impact of the IPO on the company's earnings profile. Investors should note the pre-issue and post-issue price-to-earnings (P/E) ratios of 54.66 and 18.5, respectively, as they evaluate Alpex Solar's valuation in the market.

The objectives of the IPO, including funding capital expenditure for facility expansion, setting up a new manufacturing unit, meeting working capital requirements, and addressing general corporate expenses, align with the company's growth plans. A peer comparison with companies like Insolation Energy Ltd provides context to Alpex Solar's financial metrics. As investors consider participating in the IPO, a comprehensive analysis of the solar industry, the company's expansion strategy, and industry dynamics will be crucial for informed decision-making.

Alpex Solar IPO Subscription Status (Bidding Details)

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Alpex Solar IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Alpex Solar IPO FAQs

What is Alpex Solar IPO?

Alpex Solar is issuing 6,480,000 equity shares with a face value of ₹10 each, totaling up to ₹74.52 Cr. The shares are being offered at a price of ₹109 to ₹115 each, with a minimum order quantity of 1200 shares.

Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Alpex Solar IPO will open?

Alpex Solar will open on February 08, 2024 for QIB, NII, and Retail Investors.

When Alpex Solar IPO will end?

Alpex Solar will end on February 12, 2024.

What is Alpex Solar IPO Size?

Alpex Solar IPO size is ₹74.52 Cr.

What is Alpex Solar IPO Price Band?

Alpex Solar price band is ₹109 to ₹115 per share.

What is the Alpex Solar IPO Allotment Date?

Alpex Solar allotment date is February 13, 2024.

What is the Alpex Solar IPO Listing Date?

Alpex Solar listing date is February 15, 2024. The IPO is to be listed on BSE and NSE.

How to Alpex Solar IPO through Zerodha?

To apply for the IPO “Alpex Solar” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Alpex Solar IPO through Upstox?

To apply for the IPO “Alpex Solar” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Alpex Solar IPO Allotment Status?

For Alpex Solar IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Alpex Solar IPO GMP?

You can check out here: Alpex Solar IPO GMP

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