IPO Trending
ALPEXSOLARSME / NSEListed
Alpex Solar

Alpex Solar Limited, established in August 1993, is a leading solar panel manufacturer utilizing monocrystalline and polycrystalline cell technologies. The company offers a range of solar panel modules, including bifacial, mono PERC, and Half-Cut types, along with AC/DC solar pumps and EPC solutions for solar energy projects. Alpex Solar serves notable clients such as SolarWorld Energy Solutions, BVG India, Tata Power, Hild Energy, and Shakti Pumps India. The company holds multiple quality certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Its manufacturing facility is in Greater Noida, with additional offices in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana. As of November 2023, Alpex Solar employs 196 professionals across various departments, driving innovation in renewable energy solutions.

DRHPanchor
₹109 - ₹115324.11x sub
Listed Price₹329.00
Listing Gain+186.09%

IPO Schedule & Timeline

Book Built Issue IPO
Open08 Feb 2024
Close12 Feb 2024
Allotment13 Feb 2024
Listing15 Feb 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail21,55,200 shares
33.26%
Nii(hni)9,24,000 shares
14.26%
QIB12,31,200 shares
19%
Market Maker3,24,000 shares
5%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,38,000
HNI2 Lots (2,400 shares)
₹2,76,000

Company Promoters

Mr. Ashwani SehgalMrs. Monica SehgalMr. Vipin Sehgal

Company Background

Alpex Solar Limited, established in August 1993, is a leading solar panel manufacturer utilizing monocrystalline and polycrystalline cell technologies. The company offers a range of solar panel modules, including bifacial, mono PERC, and Half-Cut types, along with AC/DC solar pumps and EPC solutions for solar energy projects. Alpex Solar serves notable clien...

Lead Managers & Bankers

Corporate Capitalventures Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-23)₹21310.72 Cr
Growth+42.3%
Revenue Trend (₹ in Crores)
0.08.2k16.3k24.5kMar-21Mar-22Mar-23Sep-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2321,310.72760.5814,188.464,175.15
Mar-2319,592.07378.5812,559.644,735.73
Mar-2216,853.6219.4210,003.752,669.98
Mar-2114,972.96315.239,935.352,992.68

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
20232.109.55%18.81%1.660
20220.110.52%2.79%00
20211.768.39%13.24%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
13 Feb 2024
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
15 Feb 2024

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for Alpex Solar. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization13 Feb 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date15 Feb 2024Trading commences on exchange

How to Check Alpex Solar Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Alpex Solar from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Alpex Solar IPO

Complete issue overview for Alpex Solar (ALPEXSOLAR) IPO. The issue features an equity share price band of ₹109 – ₹115 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,38,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions