Alpex Solar Limited IPO Closed

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IPO date 08 Feb 2024 – 12 Feb 2024
Listing date 15 Feb 2024
Price range 108 – 115
Minimum order quantity 1200
(D)RHP View

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Alpex Solar Limited is launching its IPO. The IPO opens for subscription on 8th February and will close on 12th February 2024.

Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on the listing.

What does Alpex Solar Limited do?

Incorporated on August 27, 1993, as Alpex Exports Private Limited, the entity transitioned to Alpex Solar Limited, reflecting its focus on solar photovoltaic (PV) module manufacturing. The company employs monocrystalline and polycrystalline cell technologies in the production of PV modules, including bifacial, mono-perc, and Half-Cut solar PV modules.

Alpex Solar Limited offers engineering, procurement, and construction (EPC) services for AC/DC solar pumps, addressing both surface and submersible applications. Its operations span the business-to-business (B2B) sector as a contract manufacturer for various firms, and it also engages in the business-to-consumer (B2C) market, especially in the solar water pumps segment through tender processes and installation projects.

The company holds ISO 14001:2015, ISO 45001: 2018, and ISO 9001: 2015 certifications. Its manufacturing facility, located in Greater Noida, along with multiple offices across India, supports a manufacturing capacity of 450MW, with expansion plans. Alpex Solar Limited adheres to quality and production standards in the manufacturing of solar panels, aiming to meet industry and environmental requirements.

Schedule/Timeline of Alpex Solar Limited IPO

Issue Period 8th February to 12th February 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment February 13, 2024
Initiation of Refunds February 14, 2024
Credit of Shares February 14, 2024
Date of Listing February 15, 2024
Mandate end date February 27, 2024
Anchor Investors Lock-In End Date (50% of the investment) March 13, 2024
Anchor Investors Lock-In End Date (Remaining investment) May 13, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Alpex Solar Limited IPO?

You can apply for the Alpex Solar Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Alpex Solar Limited IPO?

You can check the allotment status for the Alpex Solar Limited IPO on the website of the Registrar and Transfer agent.