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Open
8 Feb 2024
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Close
12 Feb 2024
3
Allotment
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Listing
Thu, Feb 15, 2024
Price Band
₹109 to ₹115
Issue Size
64,80,000 shares (agg. up to ₹75 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Feb 15, 2024
Latest GMP
₹148
Est. Gain
128.7%
✦ AI Insight
GMP Trend
15-02-2024₹148Est. ₹263+128.7%
14-02-2024₹135Est. ₹250+117.39%
13-02-2024₹150Est. ₹265+130.43%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 223.56x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 141.88 | 125.60 | 100.04 | 99.35 |
| Total Income | 213.11 | 195.92 | 168.54 | 149.73 |
| Profit After Tax | 7.61 | 3.79 | 0.19 | 3.15 |
| NET Worth | 49.07 | 41.46 | 37.68 | 37.48 |
| Reserves and Surplus | 43.07 | 35.47 | 31.68 | 31.49 |
| Total Borrowing | 41.75 | 47.36 | 26.70 | 29.93 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Australian Premium Solar (India) Ltd. | SME | ₹28.08 Cr | ₹54 | 23.58 | ₹147.00 | +172.22% | ₹250.60 |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹135.50 |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹233.35 |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹19.50 |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹333.80 |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹325.65 |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,217.65 |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹808.30 |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹2,290.30 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for upgradation and expansion of our existing solar module manufacturing facility by increasing 750 MW | 19.56 |
| 2 | Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for our solar module | 12.95 |
| 3 | To Meet Working Capital requirements of the Company | 20.50 |
| 4 | General Corporate Expenses | 21.52 |
About Alpex Solar IPO
Updated on Aug 5, 2026
Contact Details
Alpex Solar Ltd. AddressB-79, Shivalik EnclaveNear Malviya NagarNew Delhi, New Delhi, 110017+91 - 9971751589csalpex@alpexonline.comVisit Website