
Alpex Solar Limited
listed
₹1.31LMin. investment
About Alpex Solar Limited
Issue size
₹74.52Cr
IPO type
SME
Price range
₹109 – ₹115
Lot size
1200 shares
RHP/DRHP
Read
Price range₹109 – ₹115
IPO type
SME
Lot size1200 shares
Issue size₹74.52Cr
RHP/DRHP
Read
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About Alpex Solar Limited
Alpex, a pioneering force in the solar industry since 1993, has firmly established itself as a leading solar photovoltaic (PV) module manufacturer in North India. With a steadfast commitment to innovation and quality, Alpex boasts a diverse portfolio of solar energy products meticulously crafted using cutting-edge monocrystalline and polycrystalline cell technologies. At the heart of our offerings lie our premium PV modules, including bifacial, mono perc, and Halfcut solar panels, engineered to harness the power of the sun efficiently and sustainably. However, Alpex's dedication to the solar revolution extends beyond mere product manufacturing; we offer comprehensive integrated solar energy solutions, encompassing engineering, procurement, and construction (EPC) services for AC/DC Solar Pumps across Surface and Submersible categories.
In the realm of business-to-business (B2B) transactions, Alpex serves as a trusted partner and contract manufacturer for esteemed industry giants such as Luminous, Jakson, and Tata Power. Our unwavering commitment to excellence has positioned us as the preferred choice for companies specializing in EPC projects, exemplified by our collaborations with Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
While our presence in the B2B sector is formidable, Alpex also recognizes the immense potential of the business-to-consumer (B2C) market, particularly in the domain of solar water pumps. Leveraging our expertise and experience, we actively participate in tender processes at the state level, diligently vying for opportunities to bring sustainable water solutions to communities across India. Upon winning tenders, our seasoned team conducts thorough site assessments and proceeds to install solar water pumps with utmost precision and care, empowering individuals and communities with access to clean, renewable energy sources. In essence, Alpex stands at the forefront of the solar revolution, driving positive change through innovation, reliability, and a steadfast commitment to sustainability. With a relentless pursuit of excellence, we continue to illuminate the path towards a brighter, greener future for generations to come.
As Alpex Solar Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives
- unding Capital Expenditure for upgradation and expansion of the existing solar module manufacturing facility by increasing 750 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 Expenses.
Here are key details about the Alpex Solar Limited IPO:
Company Name | Alpex Solar Limited | Alpex Solar Limited IPO Opening Date | February 8, 2024 | |
---|---|---|---|---|
Company Established On | 1993Alpex Solar Limited IPO Price band | ₹109 to ₹115 per share |
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Alpex Solar Limited ?
The issue size of the Alpex Solar Limited is 74.52 Cr.
What is 'pre-apply' for Alpex Solar Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Alpex Solar Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts8 Feb 2024
- Bidding ends12 Feb 2024
- Allotment finalisation10 Feb 2024
- Release of funds14 Feb 2024
- Demat transfer13 Feb 2024
- Listing15 Feb 2024