IPO Details
Bidding Dates
08 Feb 24 - 12 Feb 24
Price Range ₹
109 - 115
Total Equity
₹ 74.52Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
08 Feb 2024
Offer end
12 Feb 2024
Allotment
13 Feb 2024
Refund initiation
13 Feb 2024
Demat transfer
14 Feb 2024
Listing
15 Feb 2024
Offer start
08 Feb 2024
Offer end
12 Feb 2024
Allotment
13 Feb 2024
Refund initiation
13 Feb 2024
Demat transfer
14 Feb 2024
Listing
15 Feb 2024
About Company
Incorporated in August 1993, Alpex Solar Limited is a manufacturer of solar panels utilizing monocrystalline and polycrystalline cell technologies. The company offers a diverse range of solar panel modules, including bifacial, mono PERC, and Half-Cut modules. Additionally, Alpex Solar Limited provides comprehensive solar energy solutions, categoriesencompassing AC/DC solar pumps and EPC services for both surface and submersible . Noteworthy clients of the company include Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited.
Year Founded
27-08-1993
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 93.53 | 68.76 |
| Share Capital | 16829100 | 16829100 |
Offer to Public
64,80,000.00 Cr
Project Details
- To Meet Working Capital requirements of the Company - 204.96cr
- Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for ou - 129.47cr
- General Corporate Expenses - 215.2cr
- Funding capital expenditure for upgradation and expansion of our existing solar module manufacturing - 195.58cr
Objectives
- 1) Funding Capital Expenditure for upgradation and expansion of our existing solar module manufacturing facility by increasing 750 MW.2) Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for our solar module.3) To Meet Working Capital requirements of the Company.4) General Corporate Expenses.
Highlights
- By utilizing both monocrystalline and polycrystalline cell technologies, Alpex Solar Limited can offer a diverse range of solar panel modules, catering to different customer needs and preferences.
- The company provides solar energy solutions, including AC/DC solar pumps and EPC services for surface and submersible categories, enabling clients to harness renewable energy for various applications.
- Alpex Solar Limited serves reputable clients such as Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited, reflecting its credibility and trust in the industry.
- With certifications like ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015, Alpex Solar Limited demonstrates a commitment to maintaining high-quality standards in its manufacturing processes, ensuring reliability and customer satisfaction.
- Managing a workforce of 196 employees across various departments requires effective human resource management practices to ensure productivity, motivation, and employee satisfaction.
Challenges
- Alpex Solar Limited operates in a highly competitive market with numerous players in the solar energy industry, which may lead to pricing pressures and reduced profit margins.
- The rapid pace of technological advancements in solar panel technologies requires continuous innovation and investment in research and development, posing challenges for companies to stay ahead of the curve.
- Changes in government policies and regulations related to solar energy incentives, subsidies, and tariffs can significantly impact the demand for solar panels and influence the company's business prospects.
- Alpex Solar Limited's reliance on suppliers for raw materials and components may expose it to supply chain risks such as disruptions in the availability of materials, transportation delays, and fluctuations in prices.
- The company's manufacturing facility in Greater Noida and offices across key locations in India, including Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana, enable efficient operations and widespread market reach.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 10,003.77 | 599.78 | 316.16 | 315.23 | 1.7519 |
| 2024 | 21,619.80 | 2,447.34 | 20.07 | 19.42 | 0.1079 |
| 2021 | 9,935.35 | 599.78 | 20.07 | 19.42 | 0.1079 |
| 2023 | 12,559.63 | 599.78 | 316.16 | 315.23 | 1.7519 |
