Alpex Solar Limited
ListedSMEEmerging SME Services · NSE
Alpex Solar Limited, established in August 1993, is a leading solar panel manufacturer utilizing monocrystalline and polycrystalline cell technologies. The company offers a range of solar panel modules, including bifacial, mono PERC, and Half-Cut types, along with AC/DC solar pumps and EPC solutions for solar energy projects. Alpex Solar serves notable clients such as SolarWorld Energy Solutions, BVG India, Tata Power, Hild Energy, and Shakti Pumps India. The company holds multiple quality certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Its manufacturing facility is in Greater Noida, with additional offices in Delhi, Mumbai, Himachal Pradesh, Chittorgarh, Jaipur, Tirupur, and Ludhiana. As of November 2023, Alpex Solar employs 196 professionals across various departments, driving innovation in renewable energy solutions.
Price Band
₹109 – ₹115
Issue Size
₹74.52 Cr
Lot Size
1200 shares
GMP
₹148
+128.7%
Est. Listing
₹263
at current GMP
Subscribed
324.11x
overall
Open
8 Feb 2024
Close
12 Feb 2024
Allotment
13 Feb 2024
Refund
14 Feb 2024
Demat Credit
15 Feb 2024
Listing
15 Feb 2024
Last updated 12 days ago
Official Registrar Verification
Alpex Solar Limited Allotment Status
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
13 Feb 2024
Basis finalization
Refunds Initiate
14 Feb 2024
Mandate release
Demat Credit
15 Feb 2024
Shares in demat
Listing Debut
15 Feb 2024
Trading begins
How to Check Alpex Solar Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
- Select Alpex Solar Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Alpex Solar Limited Public Issue & Market Profile
Alpex Solar Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹74.52 Crores. The shares are offered at a price band of ₹109 to ₹115 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-02-12, the basis of allotment is scheduled to be finalized on 2024-02-13. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.