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Alpex Solar IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Solar sector. Corporate Capital Ventures Private is the merchant banker of Alpex Solar IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 24th November 2023.
Alpex Solar IPO open date is 8th February 2024 and close date is 12th February 2024. IPO Allotment Date is 13th February 2024 and Listing date is 15th February 2024.Alpex Solar IPO size is Rs 74.52 Cr. crores with IPO price of Rs 115.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Corporate Capital Ventures Private Limited is the book-running lead manager of the Alpex Solar IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Ss Corporate Securities Limited for Alpex Solar IPO.
Alpex Solar IPO anchor investors are the below investors. The number of anchor investors in this IPO is 9.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Persistent Growth Fund- | 600,000.00 | ₹115.00 | ₹69,000,000.00 |
| FINAVENUE CAPITAL TRUST | 90,000.00 | ₹115.00 | ₹10,350,000.00 |
| Astrone capital VCC | 400,800.00 | ₹115.00 | ₹46,092,000.00 |
| India Max Investment | 90,000.00 | ₹115.00 | ₹10,350,000.00 |
| Acintyo Investment Fund | 174,000.00 | ₹115.00 | ₹20,010,000.00 |
| Beacon Stone Capital | 200,400.00 | ₹115.00 | ₹23,046,000.00 |
| Eminence Global Fund | 200,400.00 | ₹115.00 | ₹23,046,000.00 |
| Capri Global Capital | 90,000.00 | ₹115.00 | ₹10,350,000.00 |
| Craft Emerging Market | 200,400.00 | ₹115.00 | ₹23,046,000.00 |
Alpex Solar IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Alpex Solar IPO, based in New Delhi, operates in the Solar sector with a focus on solar. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Alpex Solar IPO size is ₹ 74.52 Cr. Crores with fresh issue size of Rs 74.52 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Alpex Solar IPO is expected to be 13th February 2024, after the finalization of basis of allotment. Investors can check Alpex Solar IPO allotment status on the registrars website, Skyline Financial Services Private Limited. Alpex Solar IPO refund dates are 14th February 2024.
Alpex Solar IPO is expected to be listed on 15th February 2024.
The upper price band for the Alpex Solar IPO is set at ₹ 115.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Alpex Solar IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Alpex Solar IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 12th February 2024. After submission, funds are blocked until the basis of allotment of Alpex Solar IPO is finalised.
The merchant banker for Alpex Solar IPO is Corporate Capital Ventures Private Limited . Corporate Capital Ventures Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Alpex Solar IPO RHP for further details.
The registrar for Alpex Solar IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Alpex Solar IPO through their official website or helpline.
Alpex Solar IPO was subscribed 324.03 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 74.52 Cr.
Avg IPO Size (Sector Based)
:
₹ 36.07 Cr.
Sector: Solar
SME IPO so far:
11
Merchant Banker:
Corporate Capital
SME IPO by BRLM so far:
47
City:
New Delhi
SME IPO so far:
152
Revenue (annualised):
₹ 426.22 cr.
PE
Ratio:
18.50x
Average Sector PE Ratio: 20.25x
Alpex Solar IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Alpex Solar Financial Review Page
Merchant Banker(s) of Alpex Solar IPO: Corporate Capital Ventures Private Limited
Alpex Solar IPO subscription was 324.03 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Alpex Solar IPO listed at a listing price of 345.45 against the offer price of 115.00.
The current market price of Alpex Solar is 749.85.
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