Alpex Solar Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹148(128.70%)
Premium (ELP)
The public market debut of Alpex Solar Limited's was completed on Feb 15, 2024 with its listing on the NSE exchange. The IPO process raised 64,80,000 Shares in total capital, consisting of 64,80,000 Shares in new equity.
The offering featured a price range of ₹109 to ₹115 and minimum application size of 1200 shares. Investor response during the subscription period from Feb 08, 2024 to Feb 12, 2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on Feb 13, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Ashwani Sehgal
- Mrs. Monica Sehgal
- Mr. Vipin Sehgal
Alpex Solar Limited
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