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IPO

IPO Details


Alpex Solar Ltd
Registered Office: B-79, Shivalik Enclave Near-, Malviya Nagar, New Delhi - 110017, New Delhi
Phone: +91 99717 51589
Email: csalpex@alpexonline.com
Website: www.alpexsolar.com
Public issue of 64,80,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Alpex Solar Limited (the "Company" or the "Issuer") for cash at a price of Rs. 115 per equity (the "Issue Price") aggregating to Rs. 74.52 ("The Issue") comprising of a fresh issue of 64,80,000 equity shares aggregating to Rs. 74.52 crores (the "Fresh Issue") of which 3,24,000 equity shares aggregating to Rs. 3.73 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 61,56,000 equity shares aggregating to Rs. 70.79 crores (the "Net Issue"). The issue and the net issue will constitute 26.48% and 25.15% respectively of the post issue paid up equity share capital of the company.
Issue Money Payable On
Opens On Closes On Application Allotment
08-Feb-2024 12-Feb-2024 ₹ 115.00 ₹ 0.00
Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0
(₹)Cr. Lead Managers to the Issue
Project Cost 74.52 Corporate Capitalventures Pvt Ltd
Project Financed through Current Offer 74.52
Post Issue Equity Share Capital 24.47
Issue Price ₹115.00
Projects
Funding capital expenditure for upgrading and expansion of its existing solar module manufacturing facility by incresing 750 MW
Funding capital expenditure towards setting up of new manufactureing unit Aluminium frame for its solar module
To meet working capital requirements of the company
General corporate expenses
Promoted By
Ashwani Sehgal
Monica Sehgal
Vipin Sehgal
Listing At
NSE - SME
Registrar to the Issue
No Data Available

INDIAN INDICES

Sensex

83,432.89 193.42 (0.23%)

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25,461.00 55.70 (0.22%)

GLOBAL INDICES

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NASDAQ
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23,916.07 -153.88(-0.64%)