What you should know about Alpex Solar IPO?
by 5paisa Research Team
01 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 15-Feb-24
- IPO Price Range ₹ 109 to ₹ 115
- Listing Price ₹ 329
- Listing Change 186.1%
- Last Traded Price ₹ 681.7
- Current Change 492.8%
Alpex Solar IPO Details
- Open Date 08-Feb-24
- Close Date 12-Feb-24
- Lot Size 1200
- IPO Size ₹ 74.52 Cr
- IPO Price Range ₹ 109 to ₹ 115
- Min Investment ₹ 130,800
- Listing Exchange NSE SME
- Basis of Allotment 13-Feb-24
- Refunds 14-Feb-24
- Credit to Demat Account 14-Feb-24
- Listing Date 15-Feb-24
Alpex Solar IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 8-Feb-24 | 0.09 | 26.13 | 50.44 | 30.80 |
| 9-Feb-24 | 0.90 | 72.91 | 132.97 | 82.37 |
| 12-Feb-24 | 141.48 | 502.31 | 351.89 | 324.03 |
Alpex Solar IPO Synopsis
Alpex Solar IPO is all set to open from 8th February to 12th February 2024. The company is engaged in the manufacturing of solar photovoltaic (PV) modules. The IPO includes a fresh issue of 6,480,000 shares worth ₹74.52 cr. The share allotment date is 13th February 2024, and the IPO will be listed on 15th February 2024 on the stock exchanges. The price band is ₹109 to ₹115 and the lot size is 1200 shares.
Corporate Capital Ventures Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Alpex Solar IPO:
Alpex Solar plans to utilize the raised capital from the IPO to:
• To fund the working capital expenditure for the upgradation and expansion of the existing solar module manufacturing facility by increasing 750 MW and setting up a new manufacturing unit for the Aluminum frame for the solar module.
• To meet working capital requirements.
• General corporate purposes.
About Alpex Solar
Alpex Solar is engaged in the manufacturing of solar photovoltaic (PV) modules using monocrystalline and polycrystalline cell technologies. Its product line includes bifacial, mono perc, Halfcut solarPV modules. The company also offers integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.
In the B2B segment, Alpex Solar has provided solar panel solutions to ruptured companies like Luminous, Jakson, and Tata Power. The company also offers solar water pumps in the B2C category. Its manufacturing unit is based in Greater Noida.
Peer Comparison
• Insolation Energy Limited
For More Information:
Webstory on Alpex Solar IPO
Alpex Solar Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 194.68 | 165.56 | 148.53 |
| EBITDA | 12.70 | 6.92 | 10.13 |
| PAT | 3.79 | 0.20 | 3.16 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 125.59 | 100.03 | 99.35 |
| Share Capital | 5.99 | 5.99 | 5.99 |
| Total Borrowings | 84.04 | 62.27 | 61.79 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -6.85 | -1.12 | 1.71 |
| Net cash from / (used in) investing activities | -8.52 | 6.44 | -8.14 |
| Net cash flow from / (used in) financing activities | 17.01 | -6.44 | 6.85 |
| Net increase (decrease) in cash and cash equivalents | 1.64 | -1.12 | 0.43 |
Alpex Solar IPO Key Points
-
Strengths
1. The company’s factory is situated in a well-developed industrial area.
2. It has a strong supplier base for sourcing raw materials/ products.
3. The company has been accredited with various quality certifications.
4. The company has the ability to provide EPC as a supplemental value addition to our solar PV module manufacturing business.
5. Well-positioned to leverage green energy adoption in India.
6. The company enjoys a longstanding client base.
7. Experienced promoter and management team. -
Risks
1. The company is dependent on its top five clients for revenue.
2. A majority of revenue is concentrated in Uttar Pradesh.
3. Operates in a highly competitive industry.
4. It has reported negative cash flows in the past.
5. Exposed to exchange rate fluctuations.
Alpex Solar
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Alpex Solar IPO FAQs
When does the Alpex Solar IPO open and close?
Alpex Solar IPO opens from 8th February to 12th February 2024.
What is the size of the Alpex Solar IPO?
The Alpex Solar IPO size of is ₹74.52 cr.
How to apply for the Alpex Solar IPO?
To apply for Alpex Solar IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Alpex Solar IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Alpex Solar IPO?
The GMP value of every IPO changes daily. To view today's GMP of Alpex Solar IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Alpex Solar IPO?
The price band of Alpex Solar IPO is fixed at ₹109 to ₹115 per share.
What is the minimum lot size and investment required for the Alpex Solar IPO?
The minimum lot size of Alpex Solar IPO is 1200 shares and the investment required is ₹1,30,800
What is the allotment date of the Alpex Solar IPO?
The share allotment date of Alpex Solar IPO is 13th February 2024.
What is the Alpex Solar IPO listing date?
The Alpex Solar IPO will be listed on 15th February 2024.
Who are the book runners for the Alpex Solar IPO?
Corporate Capital Ventures Private Limited is the book-running lead manager for Alpex Solar IPO.
What is the objective of Alpex Solar IPO?
Alpex Solar plans to utilize the raised capital from the IPO to:
1. To fund the working capital expenditure for the upgradation and expansion of the existing solar module manufacturing facility by increasing 750 MW and setting up a new manufacturing unit for the Aluminum frame for the solar module.
2. To meet working capital requirements.
3. General corporate purposes.
Contact Details of Alpex Solar IPO
Contact Information
Alpex Solar Limited
B-79 Shivalik Enclave
Near Malviya Nagar
New Delhi -110017
Phone: +91 - 9971751589
Email: csalpex@alpexonline.com
Website: http://www.alpexsolar.com/
Alpex Solar IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Alpex Solar IPO Lead Manager
Corporate Capitalventures Pvt Ltd
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