Alpex Solar Limited

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 1993 Alpex Solar Limited IPO Allotment Status February 13, 2024 Alpex Solar Limited IPO Closing Date February 12, 2024 Alpex Solar Limited IPO Listing Date February 15, 2024 Credit of Shares to the Demat Account February 14, 2024 Alpex Solar Limited IPO Lot Size 1200 Shares Alpex Solar Limited IPO Face Value ₹10 per share Alpex Solar Limited IPO to be Listed on BSE, NSE Alpex Solar Limited IPO Issue Size ₹74.52 Cr Alpex Solar Limited IPO Price band ₹109 to ₹115 per share