Alpex Solar Limited IPO
₹109 - ₹115
1200
324.03
| Open Date: | 08-Feb-2024 |
| Close Date: | 12-Feb-2024 |
| Allotment Date: | 13-Feb-2024 |
| Listing Date: | 15-Feb-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹109-115 Per Equity Share |
| Issue Size: | 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) |
| Market Lot (Min Amount): | Retail - ₹138,000 : HNI - ₹276,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 1,231,200 | 924,000 | 2,155,200 | 4,310,400 |
| Day 1 - 08-02-24 05:00 PM | 0.09x | 26.13x | 50.44x | 30.85x |
| Day 2 - 09-02-24 05:00 PM | 0.90x | 73.19x | 133.86x | 82.88x |
| Day 3 - 12-02-24 05:00 PM | 141.48x | 502.31x | 351.89x | 324.03x |
| Total No. of Application: | 631,993 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 351.89x | |||
| Earning Per Share(EPS) | ₹2.1/- |
| P/E Ratio | 54.66 |
| RoNW | 9.55% |
| Net Asset Value (NAV) - Post Issue: | ₹69.13/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 14,188.46 | 21,310.72 | 760.58 |
| 31 Mar,2023 | 12,559.64 | 19,592.07 | 378.58 |
| 31 Mar,2022 | 10,003.75 | 16,853.62 | 19.42 |
| 31 Mar,2021 | 9,935.35 | 14,972.96 | 315.23 |
| Pre Issue Share Holding | 93.53% |
| Post Issue Share Holding | 68.76% |
| 1. Mr. Ashwani Sehgal |
| 2. Mrs. Monica Sehgal |
| 3. Mr. Vipin Sehgal. |
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.
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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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