Open Date

08 Feb 24

12 Feb 24


₹74.52 Cr

Lot Size

IPO Size

Listing At


Listing Date

Price Range

₹109 to ₹ 115

Close Date

Allotment Date

13 Feb 24

15 Feb 24

IPO Details

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.

About the Company

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

Book Runners

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