About the Alpex Solar Limited IPO company :
Alpex Solar Limited, a company founded in August 1993, produces solar panels. Both monocrystalline and polycrystalline cell technologies are employed by the organisation.
The firm sells a variety of solar panel modules, including as mono PERC, half-cut, and bifacial modules. The business provides solar energy solutions, such as surface and submersible AC/DC solar pumps EPC.
Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited are among the company’s clientele.
The company has been awarded many quality certifications from KVQA Assessment Pvt Ltd, including ISO 14001:2015, ISO 45001:2018, and ISO 9001: 2015.
Greater Noida is home to the production plant, while additional locations include Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana.
The book-built issue of Rs 74.52 crores is the Alpex Solar IPO. This is a completely new 64.8 lakh share offering.
The subscription period for the Alpex Solar IPO auction began on February 8, 2024, and it will end on February 12, 2024. On Tuesday, February 13, 2024, the allotment for the Alpex Solar IPO is anticipated to be completed. The proposed listing date for the Alpex Solar IPO is Thursday, February 15, 2024, and it will take place on the NSE SME.
The pricing range for the Alpex Solar IPO is ₹109 to ₹115 per share. An application must have a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹138,000. For HNI, a minimum investment of two lots (2,400 shares) of ₹276,000 is required.
You will require Demat account to apply for IPO.
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Alpex Solar IPO Details
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹109 to ₹115 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,480,000 shares (aggregating up to ₹74.52 Cr) |
| Fresh Issue | 6,480,000 shares (aggregating up to ₹74.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,993,400 |
| Share holding post issue | 24,473,400 |
| Market Maker portion | 324,000 shares |
Alpex Solar IPO Timeline (Tentative Schedule)
Alpex Solar IPO opens on February 8, 2024, and closes on February 12, 2024.
| IPO Open Date | Thursday, February 8, 2024 |
| IPO Close Date | Monday, February 12, 2024 |
| Basis of Allotment | Tuesday, February 13, 2024 |
| Initiation of Refunds | Wednesday, February 14, 2024 |
| Credit of Shares to Demat | Wednesday, February 14, 2024 |
| Listing Date | Thursday, February 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 12, 2024 |
Alpex Solar Limited Financial Information (Restated Consolidated)
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 | ||||
Key Performance Indicator
The market capitalization of Alpex Solar IPO is Rs 281.44 Cr.
| KPI | Values |
|---|---|
| ROE | 9.55% |
| ROCE | 18.81% |
| Debt/Equity | 1.14 |
| RoNW | 9.55% |
| P/BV | 1.66 |
Objects of the Issue (Alpex Solar IPO Objectives)
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“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.
Disclaimer : Above information is only for knowledge and not a suggestion , I am not a SEBI registered RA ,please consult your financial advisor before taking any decision.
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