Alpex Solar Limited IPO (Alpex Solar IPO)

Alpex Solar Limited IPO
Upcoming Alpex Solar IPO | New Alpex Solar IPO

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

Alpex Solar IPO – Details

IPO Opening Date08 February 2024
IPO Closing Date12 February 2024
Issue TypeBook Built Issue IPO
Issue Size64,80,000 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterSkyline Financial Services Private Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Alpex Solar IPO – Date Schedule

IPO Open Date08 February 2024
IPO Close Date12 February 2024
Basis of Allotment13 February 2024
Initiation of Refund14 February 2024
Credit of Shares to Demat Account14 February 2024
IPO Listing Date15 February 2024
Cut-off time for UPI mandate confirmation5 PM on Feb 12, 2024

Alpex Solar IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)112001,38,000
Retail (Maximum)112001,38,000
HNI (Minimum)224002,76,000

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.
Alpex Solar IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021149.72146.293.1529.92
31 March 2022168.53168.150.1926.69
31 March 2023195.92190.623.7847.35
Amount in ₹ Crore

Key Performance Indicator


Alpex Solar IPO Promoter Holding

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

Alpex Solar IPO Prospectus

Company Contact Information

Alpex Solar Limited

B-79 Shivalik Enclave
Near Malviya Nagar
New Delhi -110017

Phone: +91 – 9971751589

Alpex Solar IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Alpex Solar IPO Lead Manager(s)

1. Corporate Capitalventures Pvt Ltd

Alpex Solar IPO FAQs

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.
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