Support

Alpex Solar Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

Login to APPLY

Alpex Solar Ltd IPO

Registered Office: B-79, Shivalik Enclave Near-,Malviya Nagar , New Delhi - 110017 , New Delhi , India.
Phone : +91 99717 51589   Fax:
Email :  csalpex@alpexonline.com  
Website :  www.alpexsolar.com
Public issue of 64,80,000 equity shares of face value of (Rs)10 each ("Equity Shares") of Alpex Solar Limited (the "Company" or the "Issuer") for cash at a price of (Rs)115 per equity (the "Issue Price") aggregating to (Rs)74.52 ("The Issue") comprising of a fresh issue of 64,80,000 equity shares aggregating to (Rs)74.52 crores (the "Fresh Issue") of which 3,24,000 equity shares aggregating to (Rs)3.73 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 61,56,000 equity shares aggregating to (Rs)70.79 crores (the "Net Issue"). The issue and the net issue will constitute 26.48% and 25.15% respectively of the post issue paid up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
08-Feb-24 12-Feb-24 (Rs)115.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 74.52
Corporate Capitalventures Pvt Ltd
Project Financed through Current Offer 74.52  
Post Issue Equity Share Capital 24.47  
Issue Price (Rs)115.00  
 
Projects
Funding capital expenditure for upgrading and expansion of its existing solar module manufacturing facility by incresing 750 MWTo meet working capital requirements of the company
Funding capital expenditure towards setting up of new manufactureing unit Aluminium frame for its solar moduleGeneral corporate expenses
Promoted By
Ashwani Sehgal  
Monica Sehgal  
Vipin Sehgal  
Listing At
NSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt