The Alpex Solar company is going to invite applications from the public who want to invest their money in this Alpex Solar IPO. The application for the ipo started from 8th February, 2024. All the investors who want to invest their money in buying the Alpex Solar IPO should apply on or before the last Alpex Solar IPO Date of application which will be on 12th February, 2024. Alpex solar limited is a manufacturing company who produces solar panels. The company specifically makes solar photovoltaic modules by using polycrystalline and monocrystalline cell technologies. The company manufactures a large range of solar energy products such as mono perc, PV Module, halfcut solar PV Module. Apart from this the company provides integrated solar energy solutions, covering procurement, engineering, and construction (EPC) of AC /DC Solar pumps in the Submersible and Surface categories.
The company primarily operates in the B2B sector and they are contract manufacturers of many major companies including Tata Power, BVG India Limited, Solarworld Energy Solutions PVT Ltd, Hild energy Private Limited, and Shakti Pumps India Limited, which install them at client’s location upon receiving orders. The Alpex target is to expand their business in the B2C segment for solar water pumps states. Once the company wins the tender the company will evaluate the installation site and start their process to install solar water pumps at designated locations. In this article we will discuss a complete process to apply for Alpex Solar IPO Lot Size and Reservation, Alpex Solar IPO Anchor Investors, Financial condition, GMP & Review and direct link to apply.
Alpex Solar IPO Date
Applications are invited by the Alpex Solar ltd company to invest their money in buying the Alpex Solar IPO shares of Alpex solar company. The application for investing money in buying IPO will be started from 8th February, 2024 to 12th February, 2024. The company has issued 74.52 crore rupees shares for public. There will be 1200 shares in each lot which can be purchased by investing the minimum investment of Rs. 130800. The minimum price of this share will be Rs. 109 and maximum price of the share will be Rs. 115 to buy. All the investors who are registered as regular investors can apply up to Rs. 200000 shares of this IPO. All the investors who are registered as high Networth Individuals need to invest a minimum amount of Rs. 200000 and maximum amount of Rs. 5 lakhs for this IPO. The allotment of these IPO shares will be completed on or before 13th February, 2024. The listing of the shares is scheduled to be held on 15th February, 2024. All the investors who applied for this IPO will be notified by the company if they got the allotment or not. The company will block the application amount from your bank account after you complete the payment process of this IPO. If you got the allotment of these shares you will be notified by the company regarding the allotment through the sms and email and application amount will be debited from your bank account. If you did not get the allotment you will be notified by the company through email and sms regarding the non allotment and your blocked amount of application will be credited in your bank account again.
| IPo name | Alpex Solar IPO |
| Registered under | BSE & NSE |
| Lot size | 1200 share |
| Issue price of per share | Rs. 109 to Rs. 115 |
| Per lot amount at low price | Rs. 130800 |
| Per lot amount at cut off price | Rs. 138000 |
| Issued shares | Rs.74.52 crore |
| Application invited | 8th February, 2024 |
| Application Closed on | 12th February, 2024 |
| Alpex Solar IPO Allotment Date | 13th February, 2024 |
| Listing date of Alpex Solar IPO | 15th February, 2024 |
Alpex Solar IPO Lot Size and Reservation
The Alpex solar Ltd invited the application from the public to invest their money in this IPO. The Alpex Solar IPO Lot Size is 1200 shares with the minimum price of 138000. The company has reserved their shares for the investor as per investor’s category in which they invest. All 1845600 shares (28.48%) are reserved for Alpex Solar IPO Anchor Investors, 3,24000 shares (5.00%) shares are reserved for market makers, 12,31200 shares (19.00%) shares are reserved for qualified buyers, 924000 (14.26%) shares are reserved for NII investors, 21,55200 shares (33.26%) shares are reserved for retail investors, and 64,
| Investor Category | Reserved Shares | Reserved shares Percentage |
| Alpex Solar IPO Anchor Investors | 1845600 shares | 28.48% |
| market makers | 3,24000 shares | 5.00% |
| Qualified Buyers | 12,31200 shares | 19.00% |
| NII (HNI) | 924000 shares | 14.26% |
| Total | 6480000 shares | 100% |
Alpex Solar IPO Anchor Investors
The Alpex Solar Ltd has invited applications from Anchor Investors for approximately Rs. 21.22 crores. The Alpex Solar IPO Date for these investors was started from 7th February, 2024.
| Date of Bid | 7th february, 2024 |
| Offered Shares | 18, 45,600 |
| Shares size | Rs. 21.22 Crore |
| End date for anchor lock in period for 50% shares (30 days) | 14th March, 2024 |
| End date for anchor lock in period for remaining shares (90 days) | 13th May, 2024 |
Alpex Solar IPO Financial Condition
The company was founded in 1993 and the managing director of the company is Mr. Ashwani Sehgal. The revenue of the company for the last three years was Rs. 148.53 crore in the year of 2021, Rs. 165.56 crore in the year 2022 and Rs. 194.68 crore in the year of 2023. The profit earned by the company in the last three years are Rs. 3.16 crore in 2021, Rs. 0.20 crore in 2022, and Rs. 3.79 Crore in 2023. Total assets of the company in the last three years are Rs. 99.35 crore in the year of 2021, Rs. 100.04 Crore in 2022, and Rs. 125.60 crore in the year of 2023.
How To Check Alpex Solar IPO Allotment Status on NSE
If you applied for this SME Ipo and want to know the allotment status through the NSE you need to follow these given instructions.
- Open a web browser of your choice to go on the NSE website which is nseindia.com.
- The home page of the NSE website will be opened. Make a click on the new public issues link available under the market data tab.
- Now click on the Alpex Solar IPO Allotment link visible on the page. Fill in all your details on the page.
- Alpex Solar IPO Allotment status will be shown. Now you can check if you get the allotment or not.
How To Check Alpex Solar IPO Allotment Status On BSE
If you applied for this IPO and you want to check Alpex Solar IPO Allotment status on BSE then you need to to follow below steps.
- Open a web browser of your choice to go on the BSE website which is bseindia.com.
- The web page of the BSE website will be shown. Make a click on the investors tab. Now click on the investors services and choose the status of application status.
- Click on the application status check link that appeared on the page. Fill your details on the page.
- Your application allotment status will be shown. Check if you get the allotment or not.
How To Check Alpex Solar IPO Allotment Status On link in Time
- Search for the link in time website by using your choice of web browser.
- The link in time to the website of the public issue will be shown. Make a click on it.
- The web page of the public issue will be shown. Fill all the details on the page and click on the submit tab.
- Your allotment status will be visible. Check your allotment status if you got the allotment or not.
How to Apply for Alpex Solar IPO through Grow & Angle One
- If you are investing for the first time for an ipo and you don’t have any demat account then you have to create your demat account first.
- To create the demat account you have to choose the Angle One or grow app through the play store.
- Fill all the details on the app to create the account. After completing all the process make a click on the ipo tab
- Choose the ipo from the page and open it. Now click on the apply tab after reading out all the information about the IPO.
- Fill the number of lots and price on the page and click on the apply now tab.
- A upi request will be sent by the board on your choice of upi app chosen by you. Pay the amount and complete the payment process.
Alpex Solar IPO GMP & Review
According to the latest update of 8th February 2024 the GMP is Rs. 190. The Alpex Solar IPO GMP listing price is expected to be Rs. 305 with the price band of Rs. 115. 165.22% is the expected profit / loss percentage of this IPO. as per the survey and analysis of Alpex Solar Lts the listing of iPO will be on profit with at least 168%. So if you are thinking of applying for this IPO it can be a profitable investment for you.
Direct Links To Check Alpex Solar IPO Allotment Status
| Category | Direct Links |
| Alpex Solar IPO Allotment Status On BSE | Direct Links |
| Alpex Solar IPO Allotment Status On NSE | Direct Links |
| Alpex Solar IPO Allotment Status On link in Time | Direct Links |
| Alpex Solar IPO Allotment Status On Groww | Direct Links |
FATs on Alpex Solar IPO Date
What is the starting Alpex Solar IPO Date?
8th February, 2024 is the starting Alpex Solar IPO Date.
What will be the last date of application for Alpex Solar IPO?
12th February, 2024 will be the last Alpex Solar IPO Date.
What is the date of listing for Alpex Solar IPO?
15th February, 2024 is the date of listing for Alpex Solar IPO.