Alpex Solar Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,076,800 (47% | — | ₹3,538 Cr |
| NII (HNI) | — | 924,000 (14%) | — | ₹1,063 Cr |
| Retail | — | 2,155,200 (33%) | — | ₹2,478 Cr |
| Market Maker | — | 324,000 (5%) | — | ₹37 Cr |
| Σ Total | — | 6,480,000 (100%) | — | ₹74,520 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹138,000 |
| Retail (Max) | 13 | 15,600 | ₹1,794,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,932,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,246,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 21,311 | 19,592 | 16,854 |
| Profit After Tax | 761 | 379 | 19 |
| Net Worth | 4,907 | 4,146 | 3,768 |
| Total Assets | 14,188 | 12,560 | 10,004 |
| Reserves & Surplus | 4,307 | 3,547 | 3,168 |
| Total Borrowing | 4,175 | 4,736 | 2,670 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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. –
Company Overview
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.