What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Alpex Solar Limited IPO?

Alpex Solar Limited IPO has received a total subscription of 324.11 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Alpex Solar Limited

ListedSME

Emerging 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

324.11x

Total Demand

QIB Multiplier

141.48x

Institutions & Funds

NII / HNI

502.66x

High Net-Worth

Retail (RII)

351.89x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 324.11x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,231,200	174,193,200	141.48x
NIB	924,000	464,456,400	502.66x
RETAIL	2,155,200	758,391,600	351.89x
Total	4,310,400	1,397,041,200	324.11x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 357.27x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,890	665,072	351.89x
HNIs (10L +)	12	6,032	502.66x
HNIs (2-10L)	58	29,154	502.66x
Total Applications	1,960	700,258	357.27x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Alpex Solar Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Alpex Solar Limited IPO is ₹148 per equity share. Based on the upper price band of ₹109 to ₹115 per equity share, the estimated listing price is ₹263 (+128.7% expected listing gain).

What is the expected profit per lot for Alpex Solar Limited IPO?

With a lot size of 1200 shares and current GMP of ₹148, the expected profit per application lot is approx ₹1,77,600 (+128.7% gain). Minimum application cost is approx ₹1,38,000.

What is the issue size and price band for Alpex Solar Limited IPO?

The Alpex Solar Limited IPO aggregate issue size is ₹74.52 Crores with an equity price band set at ₹109 to ₹115 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,38,000.

How can I check Alpex Solar Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 324.11x (Retail: 351.89x, QIB: 141.48x, NII: 502.66x). You can track live multiples directly on our dedicated subscription page.

Where and when will Alpex Solar Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2024-02-13. Investors can verify status using PAN card or application number.

When is the listing date for Alpex Solar Limited IPO?

Alpex Solar Limited shares are scheduled to list on NSE on 2024-02-15.