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SME IPO Status: Listed [8th Feb 2024 to 12th Feb 2024]
Alpex Solar IPO, a SME IPO of ₹74.52 Cr was launced on 08-02-2024 to 12-02-2024 and the shares got listed on NSE SME on 15-02-2024.
The public issue of Alpex Solar IPO (ALPEXSOLAR) was offered at ₹115.00 per share and the ipo was listed at ₹329.00. It has delivered listing gain of 186.09%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 256800 per lot return on listing.
| SME IPO Issue Opening Date: | 8th Feb 2024 |
| SME IPO Issue Closing Date: | 12th Feb 2024 |
| SME IPO Issue Price: | ₹109.00-115.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹74.52 Cr |
| Fresh Issue: | ₹74.52 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 93.53% |
| Promoter Holding Post IPO: | 68.76% |
| Allotment Status: | Allotment Status |
| NSE Code: | ALPEXSOLAR |
Get important updates regarding Alpex Solar SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 13th Feb 2024 |
| Refunds Initiation* | 14th Feb 2024 |
| Credit of Shares to Demat* | 14th Feb 2024 |
| SME IPO Listing Date* | 15th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹109.00-115.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹138000 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 15-02-2024 | 115.00 | 148 | 135000 | ₹263 (128.7%) | 15-Feb-2024 9:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Alpex Exports Private Limited, a North Indian-based company incorporated on August 27, 1993. Alpex is a reputable manufacturer of photovoltaic (PV) solar modules, employing 196 experienced professionals with over 15 years of industry experience.
Alpex's solar modules are produced using both monocrystalline and polycrystalline cell technologies. The company offers a range of solar energy products, including bifacial, monocrystalline and semi-cut PV modules. Additionally, they provide integrated solar energy solutions, which encompass engineering, procurement, and construction (EPC) of AC/DC solar pumps in the surface and submersible pump categories.
Alpex supplies solar modules to firms in the B2B sector and acts as a contract manufacturer for numerous large companies, such as Luminous, Jakson, and Tata Power. The solar modules are supplied to EPC companies, such as Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited. These companies then install the solar modules at their customers' sites after receiving orders. For solar water pumps, Alpex is targeting the B2C segment. They participate in tenders in respective states and, if awarded the contract, survey the site and install the solar water pumps at designated locations.
The production facility is equipped with world-class PV manufacturing lines from global suppliers. The fully automated robotic systems have a current production capacity of 450 MW, which is planned to be increased to 1 GW. Alpex has undergone stringent quality and production process audits by numerous government and private companies, including Tata Power, Luminous Power, Jakson Power, as well as government agencies such as NTPC, NHDC, Haryana Renewable Energy Development Agency (HAREDA), Chhattisgarh State Renewable Energy Development Agency (CREDA), Punjab Energy Development Agency (PEDA), Rajasthan Agricultural Competitiveness Project (RACP), and HP Saur Sinchai Yojana.
| Incorporation | Sector | IPO Issue Size | Website |
| 1993 | Renewable Energy | ₹74.52 Cr | http://www.alpexsolar.com/ |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects ("Objects of the Issue"):
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,231,200 (28.56%) | 924,000 (21.44%) | 2,155,200 (50%) | 4,310,400 | |
| 1 | 8th Feb 2024 19:32 | 0.09x | 26.13x | 50.44x | 30.85x |
| 2 | 9th Feb 2024 19:32 | 0.90x | 73.19x | 133.86x | 82.88x |
| 3 | 12th Feb 2024 19:32 | 141.48x | 502.31x | 351.89x | 324.03x |
Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,188.46 | 12,559.64 | 10,003.75 | 9,935.35 |
| Revenue | 21,310.72 | 19,592.07 | 16,853.62 | 14,972.96 |
| Profit After Tax | 760.58 | 378.58 | 19.42 | 315.23 |
| Net Worth | 4,906.86 | 4,146.29 | 3,767.70 | 3,748.28 |
| Reserves and Surplus | 4,307.08 | 3,546.51 | 3,167.92 | 3,148.50 |
| Total Borrowing | 4,175.15 | 4,735.73 | 2,669.98 | 2,992.68 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Alpex Solar Limited | 2.1 | 2.1 | 69.13 | 9.55 | Consolidated | |
| Insolation Energy Ltd | 6.01 | 6.01 | 25.39 | 20.95 | 28.48 | Consolidated |
Last Updated on 19-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Alpex Solar SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Alpex Solar SME IPO with Zerodha.
Alternate approch to apply in Alpex Solar SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Alpex Solar SME IPO Review and Important Updates
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To subscribe or apply in Alpex Solar SME IPO, you can use the following methods:
| Alpex Solar SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Alpex Solar SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Alpex Solar SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Alpex Solar SME IPO. Most of the Syndicate Banks provide access to apply in Alpex Solar IPO via ASBA process. You must have your net banking access, DP ID information to apply in Alpex Solar SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Alpex Solar SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Alpex Solar SME IPO Review and Important Updates
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Alpex Solar SME IPO is going to be list on 15-02-2024. NSE Code for Alpex Solar is ALPEXSOLAR.
Other relevant questions:
When Alpex Solar SME IPO will be listing? Alpex Solar SME IPO NSE listing date?Alpex Solar SME IPO date of listing
Alpex Solar SME IPO Allotment Date is 13-02-2024.
Other relevant questions:
Alpex Solar SME IPO share allotment date?Alpex Solar SME IPO allotment date?
