Alpex Solar Limited IPO
Basic information about the company: In the ever-evolving landscape of renewable energy, Alpex Solar Limited emerges as a beacon of innovation and sustainability. Established in August 1993, the company has positioned itself as a key player in the manufacturing of solar panels, utilizing cutting-edge technologies to harness the power of the sun. Company Overview: Alpex Solar specializes in the production of solar panel modules, boasting a diverse range including bifacial, mono PERC, and Half-Cut modules. The company not only manufactures solar panels but also provides comprehensive solar energy solutions, covering AC/DC solar pumps and EPC services for both surface and submersible applications.
Clientele: With a commitment to excellence, Alpex Solar has garnered a prestigious clientele, including Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited. This speaks volumes about the trust and confidence the industry giants place in the quality of Alpex Solar's products and services. Objectives of the Issue: The funds raised through the IPO are earmarked for specific purposes, elucidating the company's strategic vision. The primary objectives include funding capital expenditure for upgrading and expanding the existing solar module manufacturing facility, meeting working capital requirements, and addressing general corporate expenses. Promoter Holding: The driving force behind Alpex Solar's success is attributed to its promoters: Mr. Ashwani Sehgal, Mrs. Monica Sehgal, and Mr. Vipin Sehgal. As of now, the promoter holding stands at 93.53%, which is expected to reduce to 68.76% post the IPO. Alpex Solar SME IPO Details
IPO Dates: 8 to 12 Feb 2024
Price Band: ₹109 to ₹115 per share
Lot Size: 1200 Shares
Amount Per Lot: ₹1,38,000
Issue Size: 74.52 Crs
Listing: NSE SME
GMP: +120% (only for information)
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