Alpex Solar IPO is a book built issue of 64.8 lakh shares. The issue is entirely a fresh issue of 64.8 lakh shares.
Alpex Solar IPO dates are yet to be announced.
Alpex Solar IPO price bands are yet to be announced.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to IPO DRHP for detailed information.
About Alpex Solar Limited
Incorporated in August 1993, Alpex Solar Limited is a manufacturer of Solar panels. The company uses monocrystalline and polycrystalline cell technologies.
The company offers a range of solar panel modules including bifacial, mono PERC, and Half-Cut module. The company offers solar energy solutions, including AC/DC solar pumps EPC for surface and submersible categories.
The company’s clients include Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
The Company has received several quality certifications, including ISO 14001:2015, ISO 45001: 2018, and ISO 9001: 2015, all certified by KVQA Assessment Pvt Ltd.
The manufacturing facility is situated in Greater Noida while other offices are located in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana.
As of November 2023, the company has a total of 196 employees working across various departments.
Alpex Solar IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 6,480,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 6,480,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,993,400 |
| Share holding post issue | 24,473,400 |
| Market Maker portion | 324,000 shares |
Alpex Solar IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Alpex Solar IPO Promoter Holding
The promoters of the company are Mr. Ashwani Sehgal, Mrs. Monica Sehgal and Mr. Vipin Sehgal.
| Share Holding Pre Issue | 93.53% |
| Share Holding Post Issue | 68.76% |
Alpex Solar Limited Financial Information (Restated Consolidated)
Alpex Solar Limited’s revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,188.46 | 12,559.64 | 10,003.75 | 9,935.35 |
| Revenue | 21,310.72 | 19,592.07 | 16,853.62 | 14,972.96 |
| Profit After Tax | 760.58 | 378.58 | 19.42 | 315.23 |
| Net Worth | 4,906.86 | 4,146.29 | 3,767.70 | 3,748.28 |
| Reserves and Surplus | 4,307.08 | 3,546.51 | 3,167.92 | 3,148.50 |
| Total Borrowing | 4,175.15 | 4,735.73 | 2,669.98 | 2,992.68 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.55% |
| ROCE | 18.81% |
| Debt/Equity | 1.14 |
| RoNW | 9.55% |
Objects of the Issue (Alpex Solar IPO Objectives)
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
- Funding 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.
Alpex Solar IPO Peer Comparison
Alpex Solar Limited peer comparison with similar listed entities. (As on January 30, 2024)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Alpex Solar Limited | 2.10 | 2.10 | 9.55 | Consolidated | ||
| Insolation Energy Ltd | 6.01 | 6.01 | 25.39 | 20.95 | 28.48 | Consolidated |
Source:
All the financial information for listed industry peer mentioned above is on a consolidated basis and is sourced from the filings made with stock exchanges available on www.bseindia.com , www.nseindia.com and has also been extracted from www.moneycontrol.com for the Financial Year ending March 2023.
Alpex Solar Limited Contact Details
B-79 Shivalik Enclave
Near Malviya Nagar
New Delhi -110017
Phone: +91 – 9971751589
Email: csalpex@alpexonline.com
Website: http://www.alpexsolar.com/
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