Alpex Solar(NSE SME)
February 8, 2024 – February 12, 2024
| Price | ₹109 - ₹115 |
| Premium | ₹148 |
|---|---|
| Lot size | 1200 |
| Allotment | Feb 13, 2024 |
| Listing | Feb 15, 2024 |
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Subscription
Last updated on 12-Feb-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1231200 | 174193200 | 141.48 |
| NIB | 924000 | 464456400 | 502.66 |
| RETAIL | 2155200 | 758391600 | 351.89 |
| Total | 4310400 | 1397041200 | 324.11 |
| Retail Apps | 631993 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹77.6 | @8% ₹88.69 | @9% ₹99.77 | @10% ₹110.86 | @11% ₹121.95 | @12% ₹133.03 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 138000 | 1796 |
| HNI | 2 | 2400 | 276000 | 770 |
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.
Alpex Solar IPO Details
| 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 |
Alpex Solar IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Alpex Solar IPO Anchor Investors Details
Alpex Solar IPO raises Rs 21.22 crore from anchor investors. Alpex Solar IPO Anchor bid date is February 7, 2024.
| Bid Date | February 7, 2024 |
| Shares Offered | 1,845,600 |
| Anchor Portion Size (In Cr.) | 21.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 27, 2024 |
Alpex Solar IPO Lead Manager(s)
- Corporate Capitalventures Pvt Ltd
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
|---|---|---|---|
| ROE | 9.55% | 0.52% | 8.39% |
| ROCE | 18.81% | 2.79% | 13.24% |
| D/E Ratio | 1.14 | 0.71 | 0.80 |
| RONW | 9.55% | 0.52% | 8.39% |
| Basic EPS | 2.10 | 0.11 | 1.76 |
| Diluted EPS | 2.10 | 0.11 | 1.76 |
| P/BV | 1.66 |
Company Financials
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 | 30 Sep 2023 | Mar 2023 | Mar 2022 | 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 | 760.58 | 378.58 | 19.42 | 315.23 |
| Net Worth | 4,906.86 | 4,146.29 | 3,767.70 | 3,748.28 |
| Reserves | 4,307.08 | 3,546.51 | 3,167.92 | 3,148.50 |
| Borrowing | 4,175.15 | 4,735.73 | 2,669.98 | 2,992.68 |
| Amount in ₹ Lakhs |
Strength
Weakness
Lead Manager(s)
Address
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/