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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹74.52 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹74.52 Cr |
| Fresh Issue | ₹70.79 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹109.00-115.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | ALPEXSOLAR |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Corporate Capital Ventures Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in August 1993, Alpex Solar Limited is a manufacturer of Solar panels. The company uses monocrystalline and polycrystalline cell technologies.
The company offers a range of solar panel modules including bifacial, mono PERC, and Half-Cut module. The company offers solar energy solutions, including AC/DC solar pumps EPC for surface and submersible categories.
The company's clients include Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
The Company has received several quality certifications, including ISO 14001:2015, ISO 45001: 2018, and ISO 9001: 2015, all certified by KVQA Assessment Pvt Ltd.
The manufacturing facility is situated in Greater Noida while other offices are located in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana.
As of November 2023, the company has a total of 196 employees working across various departments.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for upgradation and expansion of our existing solar module manufacturing facility by increasing 750 MW | 19.56 |
| 2 | Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for our solar module | 12.95 |
| 3 | To Meet Working Capital requirements of the Company | 20.50 |
| 4 | General Corporate Expenses | 21.52 |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 141.88 | 125.60 | 100.04 | 99.35 |
| Total Income | 213.11 | 195.92 | 168.54 | 149.73 |
| Profit After Tax | 7.61 | 3.79 | 0.19 | 3.15 |
| NET Worth | 49.07 | 41.46 | 37.68 | 37.48 |
| Reserves and Surplus | 43.07 | 35.47 | 31.68 | 31.49 |
| Total Borrowing | 41.75 | 47.36 | 26.70 | 29.93 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 9.55% |
| ROCE | 18.81% |
| Debt / Equity | 1.14% |
| RoNW | 9.55% |
| PAT Margin | 1.94% |
| Price to Book Value | 1.66 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.10 | 6.22 |
| P/E (x) | 54.66 | 18.5 |
| Promoter Holding | 93.53% | 68.76% |
| Market Cap | ₹281.44 Cr. | |
