Alpex Solar Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

08 Feb 2024

Close Date

12 Feb 2024

Allotment

13 Feb 2024

Listing Date

15 Feb 2024

Exchange

NSE SME

Price Band

₹115

Listing Price

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Allotment Status

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Price Band

₹115

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

64,80,000 shares (aggregating up to ₹74.52 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹138,000

1 lot

Pre-IPO Holding

1,79,93,400 shares

Promoters

Post-IPO Holding

2,44,73,400 shares

Promoters

P/E (Pre)

54.66x

P/E (Post)

18.5x

EPS (Pre)

₹2.10

EPS (Post)

₹6.22

UPI Deadline

2024-02-12

Mandate

Anchor AllotmentWed, 07 Feb 2024

Basis of AllotmentTue, 13 Feb 2024

Refund InitiationWed, 14 Feb 2024

Demat CreditWed, 14 Feb 2024

Listing DayThu, 15 Feb 2024

UPI Mandate Deadline2024-02-12

Sale TypeFresh Capital

Net Offer to Public61,56,000 shares (aggregating up to ₹70.79 Cr)

Market Maker Quota3,24,000 shares (aggregating up to ₹3.73 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Alpex Solar Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 12 Feb 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	324,000	—	₹3.73
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,480,000	100%	₹74.52

IPO Shares Offered

Alpex Solar Ltd IPO total issue size: ₹74.52 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	324,000	₹3.73	5.00%
Total	6,480,000	₹74.52	100.00%

* Based on upper price band ₹115 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹115.00

Upper Band

Min Investment

₹138,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹276,000
Retail (Max — 13 Lots)	13	15,600	₹1,794,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,932,000
B-HNI (Min — 68 Lots)	68	81,600	₹9,384,000

* Issue Price ₹115 × Lot Size 1,200 shares

IPO Schedule

Anchor

07 Feb 2024

✓ Done

IPO Open

08 Feb 2024

✓ Done

IPO Close

12 Feb 2024

✓ Done

Allotment

13 Feb 2024

✓ Done

Refunds

14 Feb 2024

✓ Done

Demat Credit

14 Feb 2024

✓ Done

Listing Day

15 Feb 2024

✓ Done

₹115.00

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Issue ₹115.00 Live Price

About Alpex Solar Ltd

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.

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; and

General Corporate Expenses.

Alpex Solar Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹16,853.6

31 Mar 2022

₹19,592.1

31 Mar 2023

₹21,310.7

30 Sep 2023

Profit After Tax (PAT)

₹19.4

31 Mar 2022

₹378.6

31 Mar 2023

₹760.6

30 Sep 2023

Particulars	30 Sep 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	21310.72	19592.07	16853.62
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	760.58	378.58	19.42
Net Worth	4906.86	4146.29	3767.70
Total Assets	14188.46	12559.64	10003.75
Reserves & Surplus	4307.08	3546.51	3167.92
Borrowings	4175.15	4735.73	2669.98
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

1.66

RoE

9.55%

RoCE

18.81%

RoNW

9.55%

Debt/Equity

1.14

Issue Structure & Shareholding

Total Shares Offered64,80,000 (100.00%)

Net Offer to Public61,56,000 shares (aggregating up to ₹70.79 Cr)

Reserved for Market Maker3,24,000 shares (aggregating up to ₹3.73 Cr)

Pre-Issue Promoter Holding1,79,93,400 shares

Post-Issue Promoter Holding2,44,73,400 shares

P/BV Ratio1.66

RoE9.55%

RoCE18.81%

Debt / Equity1.14

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Corporate Capitalventures Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Alpex Solar Ltd IPO subscribed? ▲

Alpex Solar Ltd IPO is subscribed 1.00 times by Feb 12, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Alpex Solar Ltd IPO retail subscription status? ▼

The Alpex Solar Ltd IPO retail category is subscribed 1.00 times as of 12 Feb 2024. The retail portion is oversubscribed.

How to subscribe Alpex Solar Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 08 Feb 2024 and closes 12 Feb 2024. Min investment: ₹138,000 (1 lot = 1,200 shares). UPI mandate: 2024-02-12.

How many times Alpex Solar Ltd IPO subscribed? ▼

The Alpex Solar Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Alpex Solar Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 13 Feb 2024. Refunds: on 14 Feb 2024.

When Alpex Solar Ltd IPO will be listed? ▼

The Alpex Solar Ltd IPO listing date is 15 Feb 2024, Thursday. Listed on: NSE SME. Issue price: ₹115. Estimated listing: ₹115. GMP: NIL.

When Alpex Solar Ltd IPO close? ▼

The Alpex Solar Ltd IPO closes on 12 Feb 2024, Monday. UPI mandate: 2024-02-12. Allotment: 13 Feb 2024. Listing: 15 Feb 2024.

Quick Actions

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Live Price LIVE

Last Price₹115.00

Change—

Issue Price₹115.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹115

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹138,000

GMPNIL

Est. Listing₹115

Subscribed1.00x

Open Date08 Feb 2024

Close Date12 Feb 2024

Allotment13 Feb 2024

Listing Date15 Feb 2024

ExchangeNSE SME

UPI Deadline2024-02-12