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.
Alpex Solar IPO – Details
| IPO Opening Date | 08 February 2024 |
| IPO Closing Date | 12 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 64,80,000 Shares Worth ₹74.52 Crore Fresh Issue: 64,80,000 Shares Worth ₹74.52 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹109 – ₹115 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Alpex Solar IPO – Date Schedule
| IPO Open Date | 08 February 2024 |
| IPO Close Date | 12 February 2024 |
| Basis of Allotment | 13 February 2024 |
| Initiation of Refund | 14 February 2024 |
| Credit of Shares to Demat Account | 14 February 2024 |
| IPO Listing Date | 15 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 12, 2024 |
Alpex Solar IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,38,000 |
| Retail (Maximum) | 1 | 1200 | 1,38,000 |
| HNI (Minimum) | 2 | 2400 | 2,76,000 |
Competitive Strengths
- Strategically located manufacturing facility.
- Diverse product portfolio with focus on quality.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Well versed and equipped with advance technology.
- Quality Assurance & Control.
Company Promoters
- Mr. Ashwani Sehgal
- Mrs. Monica Sehgal
- Mr. Vipin Sehgal
Object 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; and
- General Corporate Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 149.72 | 146.29 | 3.15 | 29.92 |
| 31 March 2022 | 168.53 | 168.15 | 0.19 | 26.69 |
| 31 March 2023 | 195.92 | 190.62 | 3.78 | 47.35 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.55% |
| ROCE | 18.81% |
| Debt/Equity | 1.14 |
| RoNW | 9.55% |
| P/BV | 1.66 |
Alpex Solar IPO Promoter Holding
| Pre Issue Share Holding | 93.53% |
| Post Issue Share Holding | 68.76% |
Alpex Solar IPO Prospectus
Company Contact Information
| Alpex Solar Limited B-79 Shivalik Enclave Near Malviya Nagar New Delhi -110017 Phone: +91 – 9971751589 Email: csalpex@alpexonline.com Website: http://www.alpexsolar.com/ |
Alpex Solar IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: cs@bawejastudios.com Website: https://www.skylinerta.com/ipo.php |
Alpex Solar IPO Lead Manager(s)
| 1. Corporate Capitalventures Pvt Ltd |
Alpex Solar IPO FAQs
| What is Alpex Solar IPO? Alpex Solar IPO is a SME IPO. The issue is priced at ₹109 – ₹115 per equity share. The IPO is to be listed on NSE SME. |
| When Alpex Solar IPO will open? The IPO is to open on 08 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to 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 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Alpex Solar IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| 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 – ₹115. |
| What is Alpex Solar IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,38,000 amount while the maximum bid is 1200 shares with ₹1,38,000. |
| What is the Alpex Solar IPO Allotment Date? Alpex Solar IPO allotment date is 13 February 2024. |
| What is the Alpex Solar IPO Listing Date? Alpex Solar IPO listing date is 15 February 2024. The IPO is to list on NSE SME. |
