Alpex Solar IPO GMP Today Price, Alpex Solar IPO Subscription Status, Alpex Solar IPO Lot Size: Alpex Solar Initial Public Offering (IPO) opened for subscription today. Corporate Capital Ventures is the book-running lead manager to issue of the Greater Noida-based company.
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The company manufactures photovoltaic modules, commonly known as solar panels. Also, it offers comprehensive solar energy solutions, including engineering, procurement, and construction (EPC) of AC/DC solar pumps.
Alpex Solar IPO Dates
The issue opened for public subscription on Thursday, February 8 and will conclude on February 12. The bidding for anchor investors opened for a day on February 7.
Alpex Solar IPO Price Band
Solar energy solutions provider Alpex Solar has fixed a price band of Rs 109-115 apiece for its Rs 75-crore initial public offering (IPO).
Alpex Solar IPO GMP Today Price
One of the key indicators of market sentiment surrounding an IPO is the Grey Market Premium (GMP). According to various websites that track the grey market activities, the GMP for Alpex Solar IPO has soared in the price range of Rs 190 in the unregulated market, reflecting the high demand for the company’s shares.
This substantial premium in the grey market indicates that investors are willing to pay a significant premium over the IPO’s issue price to secure a stake in Alpex Solar. Such strong GMP numbers signify the market’s positive outlook on the company’s potential growth and value appreciation.
Alpex Solar Share Price Listing Expectation
Shares could list at Rs 305 a share, signalling a gain of 165 per cent on the current GMP of Rs 190, calculated on the upper price band of Rs 115 of the issue.
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Alpex Solar IPO Details
The maiden public issue comprises a fresh issue of 64.8 lakh equity shares. At the upper end of the price band, the company aims to mobilise Rs 74.52 crore.
Alpex Solar IPO Objective
Alpex plans to utilise Rs 19.55 crore to upgrade and expand its solar module manufacturing facility and increase its capacity from 450 MW to 1.2 GW. Further, Rs 12.94 crore will be used to set up a new manufacturing unit for its solar modules’ aluminium frame; Rs 20.49 crore to meet its working capital requirements and the remaining for general corporate expenses.
Alpex Solar IPO Allotment Date
Successful bidders will be allotted shares on 13th February.
Alpex Solar IPO Registrar
Skyline Financial Services Pvt Ltd is the official registrar to the issue of Alpex Solar IPO.
Alpex Solar IPO Listing Date
Alpex Solar shares will be listed on the NSE’s small and medium enterprise platform — NSE Emerge on February 15.
Alpex Solar
The company made a foray into solar panel manufacturing in 2007 and built a state-of-the-art plant spread over 7,700 square meters in Greater Noida with a 450 MW capacity, which can be expanded to 2 GW within the same infrastructure.
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Alpex Solar Quarterly Earnings
The company posted a revenue from operations of Rs 204.59 crore and a profit after tax (PAT) of Rs 10.03 crore for April-September FY24.
