SEO Meta Description: Discover the details of Alpex Solar IPO, from subscription dates to listing expectations. Delve into the market trends and investor sentiments surrounding this promising solar panel manufacturer.
Introduction
As the solar energy sector gains momentum, Alpex Solar Limited emerges with a groundbreaking IPO, set to raise Rs 74.52 crores. Dive into the specifics of this book-built issue, featuring a fresh offering of 64.8 lakh shares.
Alpex Solar IPO Timeline
- Opening Date: February 8, 2024
- Closing Date: February 12, 2024
- Basis of Allotment: February 13, 2024
- Refunds Initiation: February 14, 2024
- Listing Date: February 15, 2024
Price Dynamics
The IPO price band is enticingly set at ₹109 to ₹115 per share, inviting investors to partake in the solar revolution. A minimum lot size of 1200 shares and an affordable subscription entry at ₹138,000 for retail investors make this IPO accessible.
Alpex Solar IPO Details
Lot Size: 1200 Shares
Total Issue Size: 6,480,000 shares
Issue Type: Book Built Issue IPO
Listing At: NSE SME
Alpex Solar IPO Subscription Insights
- QIB Shares Offered: Not more than 50% of the Net Issue
- Retail Shares Offered: Not less than 35% of the Net Issue
- NII (HNI) Shares Offered: Not less than 15% of the Net Issue
Anchor Investors’ Confidence
Ahead of the IPO, Alpex Solar secured Rs 21.22 crore from anchor investors, showcasing robust confidence in its growth prospects.
Market Dynamics
Market Maker: Ss Corporate Securities
Lead Manager: Corporate Capitalventures Pvt Ltd
Registrar: Skyline Financial Services Private Ltd
Also read: Rudra Gas Enterprise IPO: Igniting Investor Optimism with Strong Subscription and Growth Prospects
Alpex Solar IPO Financial Snapshot
- Revenue Increase (FY23-FY22): 16.25%
- PAT Growth (FY23-FY22): 1849.43%
- Market Capitalization: Rs 281.44 Cr
Key Performance Indicators
- ROE: 9.55%
- ROCE: 18.81%
- Debt/Equity: 1.14
- P/BV: 1.66
GMP and Market Sentiments
As per Grey Market Premium (GMP) trends, Alpex Solar IPO exhibits a positive trajectory, with expectations of a strong listing.
Objects of the Issue
The Net Fresh Issue Proceeds will be utilized for:
- Funding Capital Expenditure for solar module facility expansion.
- Capital Expenditure for a new aluminum frame manufacturing unit.
- Meeting Working Capital requirements.
- General Corporate Expenses.
Investor’s Call to Action
For retail investors seeking to participate, the minimum lot size is 1200 shares, making it an attractive proposition. High Net Worth Individuals (HNI) can explore opportunities with a minimum investment of 2 lots (2,400 shares).
Conclusion
As Alpex Solar paves the way for a greener future, investors anticipate a lucrative journey. Stay tuned for updates as the IPO unfolds, marking a pivotal moment in the solar industry’s growth story.
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