Alpex Solar IPO: Government’s focus on solar and renewable energy. Because of this, there is a strong rise in the shares of companies related to solar sector at present. Meanwhile you have a chance to invest in the IPO of a solar company.
Solar energy solutions provider Alpex Solar Limited has announced the launch of IPO. The company has set a price range of Rs 109-115 per share for its Rs 75 crore initial public offering (IPO). According to the statement issued by the company, the IPO will open from 8 to 12 February. Anchor (key) investors will be able to bid on 7 February.
What will the company do with the money received from IPO? , Alpex plans to use Rs 19.55 crore from the IPO to upgrade and expand its solar module manufacturing facility and increase its capacity from 450 MW to 1.2 GW.
Rs 12.94 crore will be used to set up a new manufacturing unit for aluminum frames of its solar modules. The remaining Rs 20.49 crore will be used to meet working capital requirements and remaining corporate expenses.
Minimum investment is Rs 1.38 lakh – The lot size of Alpex Solar IPO is 1,200 equity shares. In such a situation, if you are a retail investor then the minimum investment amount required for you is Rs 138,000. 18.45 lakh equity shares have been reserved for the anchor portion in Alpex Solar IPO.
About 3.24 lakh equity shares are for market makers, 9.24 lakh equity shares for non-institutional investors (NIIs), 12.31 lakh shares for qualified institutional buyers (QIBs) and 21.55 lakh equity shares allotted for the retail (RII) segment. went.
Alpex Solar IPO allotment decision is likely to be taken on February 13 and the shares will be listed on NSE Emerge on February 15. Corporate Capital Ventures is the book running lead manager of Alpex Solar IPO, and Skyline Financial Services Pvt Ltd is the IPO registrar.