Alpex Solar Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 8 to FEB 12, 2024
Price Band
₹109-115
Current GMP
₹329 (186.09%)
Subscription
324.03 times
IPO Details
| IPO Date | February 8, 2024 to February 12, 2024 |
| Listing Date | Thursday, February 15, 2024 |
| 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 Ss Corporate Securities |
IPO Date
February 8, 2024 to February 12, 2024
Listing Date
Thursday, February 15, 2024
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 Ss Corporate Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 141.48 |
| Non-Institutional Buyers* | 502.31 |
| Retail Investors | 351.89 |
| Total ** | 324.03 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
141.48
Non-Institutional Buyers*
502.31
Retail Investors
351.89
Total **
324.03
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 8, 2024 | 0.09 | 26.13 | 50.44 | 30.85 |
| Day 2 Feb 9, 2024 | 0.90 | 73.19 | 133.86 | 82.88 |
| Day 3 Feb 12, 2024 | 141.48 | 502.31 | 351.89 | 324.03 |
DayDay 1
Feb 8, 2024
QIB0.09
NII*26.13
Retail50.44
Total30.85
DayDay 2
Feb 9, 2024
QIB0.90
NII*73.19
Retail133.86
Total82.88
DayDay 3
Feb 12, 2024
QIB141.48
NII*502.31
Retail351.89
Total324.03
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 15-02-2024 | 115.00 | 148 (128.7%) | 263 |
| 14-02-2024 | 115.00 | 135 (117.39%) | 250 |
| 13-02-2024 | 115.00 | 150 (130.43%) | 265 |
| 12-02-2024 | 115.00 | 150 (130.43%) | 265 |
| 11-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 10-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 09-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 08-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 07-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 06-02-2024 | 115.00 | 195 (169.57%) | 310 |
| 05-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 04-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 03-02-2024 | 115.00 | 190 (165.22%) | 305 |
| 02-02-2024 | 115.00 | 180 (156.52%) | 295 |
| 01-02-2024 | 115.00 | 111 (96.52%) | 226 |
| 31-01-2024 | 115.00 | 111 (96.52%) | 226 |
Date15-02-2024
Price115.00
GMP148 (128.7%)
Estimate List Price263
Date14-02-2024
Price115.00
GMP135 (117.39%)
Estimate List Price250
Date13-02-2024
Price115.00
GMP150 (130.43%)
Estimate List Price265
Date12-02-2024
Price115.00
GMP150 (130.43%)
Estimate List Price265
Date11-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date10-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date09-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date08-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date07-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date06-02-2024
Price115.00
GMP195 (169.57%)
Estimate List Price310
Date05-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date04-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date03-02-2024
Price115.00
GMP190 (165.22%)
Estimate List Price305
Date02-02-2024
Price115.00
GMP180 (156.52%)
Estimate List Price295
Date01-02-2024
Price115.00
GMP111 (96.52%)
Estimate List Price226
Date31-01-2024
Price115.00
GMP111 (96.52%)
Estimate List Price226
IPO Important Dates
| 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 |
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹138,000 |
| Retail (Max) | 1 | 1200 | ₹138,000 |
| HNI (Min) | 2 | 2,400 | ₹276,000 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹138,000
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹138,000
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹276,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14,188.46 | 12,559.64 | 10,003.75 |
| Revenue | 21,310.72 | 19,592.07 | 16,853.62 |
| Profit After Tax | 760.58 | 378.58 | 19.42 |
| Net Worth | 4,906.86 | 4,146.29 | 3,767.70 |
| Reserves and Surplus | 4,307.08 | 3,546.51 | 3,167.92 |
| Total Borrowing | 4,175.15 | 4,735.73 | 2,669.98 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 202314,188.46
31 Mar 202312,559.64
31 Mar 202210,003.75
Period EndedRevenue
30 Sep 202321,310.72
31 Mar 202319,592.07
31 Mar 202216,853.62
Period EndedProfit After Tax
30 Sep 2023760.58
31 Mar 2023378.58
31 Mar 202219.42
Period EndedNet Worth
30 Sep 20234,906.86
31 Mar 20234,146.29
31 Mar 20223,767.70
Period EndedReserves and Surplus
30 Sep 20234,307.08
31 Mar 20233,546.51
31 Mar 20223,167.92
Period EndedTotal Borrowing
30 Sep 20234,175.15
31 Mar 20234,735.73
31 Mar 20222,669.98
Key Performance Indicator
| ROE | 9.55% |
| ROCE | 18.81% |
| Debt/Equity | 1.14 |
| RoNW | 9.55% |
| P/BV | 1.66 |
| EPS (Rs) | 2.1 |
ROE
9.55%
ROCE
18.81%
Debt/Equity
1.14
RoNW
9.55%
P/BV
1.66
EPS (Rs)
2.1
IPO Reservation
| Anchor Investor Shares Offered | 1,845,600 (28.48%) |
| Market Maker Shares Offered | 324,000 (5.00%) |
| QIB Shares Offered | 1,231,200 (19.00%) |
| NII (HNI) Shares Offered | 924,000 (14.26%) |
| Retail Shares Offered | 2,155,200 (33.26%) |
| Total Shares Offered | 6,480,000 (100%) |
Anchor Investor Shares Offered
1,845,600 (28.48%)
Market Maker Shares Offered
324,000 (5.00%)
QIB Shares Offered
1,231,200 (19.00%)
NII (HNI) Shares Offered
924,000 (14.26%)
Retail Shares Offered
2,155,200 (33.26%)
Total Shares Offered
6,480,000 (100%)
Information about company
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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