Alpex Solar Limited IPO

Alpex Solar Limited

₹1,30,800 /1200 sharesMinimum Investment

Alpex Solar Limited IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹115.00₹329.00₹214.00 (186.09%)

Alpex Solar Limited IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
8 Feb ‘24 - 12 Feb ‘24₹1,30,8001,200₹109 - ₹115
Issue SizeIPO Doc
74.52Cr
RHP PDF

About the company

Alpex Solar Limited is a solar panel manufacturer, specifically making solar photovoltaic (PV) modules using monocrystalline and polycrystalline cell technologies. The company offers a range of solar energy products, including bifacial, mono-perc, and Halfcut solar PV modules. Additionally, Alpex provides integrated solar energy solutions, covering engineering, procurement, and construction (EPC) of AC/DC Solar Pumps in the Surface and Submersible categories. Primarily operating in the B2B sector, Alpex is a contract manufacturer for major companies like Luminous, Jakson, and Tata Power. The solar panels are distributed to EPC companies, including Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited, which install them at clients' locations upon receiving orders. Alpex targets the B2C segment for solar water pumps by participating in tender applications in various states. Upon winning tenders, the company evaluates installation sites and proceeds to install solar water pumps at designated locations.;
Founded in
1993
Managing director
Mr. Ashwani Sehgal
Parent organisation
Alpex Solar Limited

Strength and risks

Strengths
Risks
Alpex Solar's manufacturing facility is located in Greater Noida, in a well-developed industrial area with easy access to skilled and unskilled workforce and essential infrastructure. The location is well-connected to Bus Stations and state and National Highways, facilitating efficient transportation.
The company produces high-efficiency solar PV modules and offers a diverse range of solar energy solutions. The company provides integrated Engineering, Procurement, and Construction (EPC) services for solar PV panels. Using their meticulously manufactured PV panels, they ensure quality and seamless integration in EPC projects. This approach allows them to offer end-to-end solar solutions, from production to project completion. They plan to venture into the rooftop EPC business as well.
Alpex Solar has been accredited with various quality certifications including ISO 14001:2015, ISO 45001: 2018, and ISO 9001: 2015.
Alpex Solar has maintained good relationships with major suppliers to ensure the timely delivery of quality products.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular109 - 115₹2 Lakh
High Networth Individual109 - 115₹2 - 5 Lakh
For Alpex Solar Limited IPO, eligible investors can apply as Regular.
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