247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Alpex Solar Limited IPO (Alpex Solar IPO) Details

Alpex Solar Limited is an Solar based company, located in New Delhi, Alpex Solar Limited IPO size was 74.52 Cr. and was issued at 115.00 per share. The share of Alpex Solar Limited were listed at 345.45 per share and are currently trading at 770.50 per share.

Type :
Sub Sector : Solar
SME IPO
NSE EMERGE

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
426.20 Cr.

PAT :
15.22 Cr.

Pricing Report

Issue Price :
115.00

Listing Price :
345.45

Current Market Price :
770.50

Issue Price vs CMP :
655.5 (570.00%)

listing Price vs CMP :
425.05 (123.04%)

Performance Report (CAGR* wise)

CAGR : 665.98
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Alpex Solar

Company Information
Alpex is a solar photovoltaic (PV) module manufacturer in North India. Their PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. Their portfolio of solar energy products consists of bifacial, mono perc, Halfcut solar PV modules. They also provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories. They manufacture and deliver solar panels in the B2B space and also serve as a contract manufacturer for several large companies, including Luminous, Jakson, and Tata Power. Their solar panels are delivered to companies, with a specific focus on EPC companies such as Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited. These companies install
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Object of Issue
  • Funding Capital Expenditure for upgradation and expansion of the existing solar module manufacturing facility by increasing 0 MW
  • Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for the solar module
  • To Meet Working Capital requirements of the Company and
  • General Corporate Purposes

Alpex Solar SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Feb, 2024
IPO Size :
74.52 Cr.
Market Cap :
281.44 Cr.   
IPO Subscription :
324.03 X     
PE Multiple :
18.50
IPO Registrar:
Skyline Financial Services Private Limited

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FAQs

Alpex Solar operates in Solar and Solar. The Issue is listed on NSE EMERGE in Feb, 2024. Alpex Solar IPO size was 74.52 Cr. with Issue price of 115.00 .

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 770.50.

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