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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% | ₹295.00 (+0.53%) |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹90.10 (-2.22%) |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹217.85 (+3.00%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹24.40 (+3.39%) |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹292.60 (-2.47%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹222.50 (-4.93%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,476.35 (-0.13%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹659.50 (+2.44%) |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹1,767.60 (+5.24%) |
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
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.+ Read More
Contact Details
Alpex Solar Ltd. AddressB-79, Shivalik EnclaveNear Malviya NagarNew Delhi, New Delhi, 110017+91 - 9971751589csalpex@alpexonline.comVisit Website