Open Date
08 Feb 24
12 Feb 24
1200 shares
₹74.52 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹109 to ₹ 115
Close Date
Allotment Date
13 Feb 24
15 Feb 24
Alpex Solar Limited is engaged in the manufacturing of solar photovoltaic (PV) modules using monocrystalline and polycrystalline cell technologies. Its product line includes bifacial, mono perc, Halfcut solarPV modules. The company also offers integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories. In the B2B segment, Alpex Solar has provided solar panel solutions to ruptured companies like Luminous, Jakson, and Tata Power. The company also offers solar water pumps in the B2C category. Its manufacturing unit is based in Greater Noida.
Alpex Solar Limited plans to utilize the raised capital from the IPO to: • To fund the working capital expenditure for the upgradation and expansion of the existing solar module manufacturing facility by increasing 750 MW and setting up a new manufacturing unit for the Aluminum frame for the solar module. • To meet working capital requirements. • General corporate purposes.
The book-running lead managers to the offer are: Corporate Capital Ventures Pvt Ltd
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