Alpex Solar IPO: Solar energy production and companies related to it in the country are being promoted by the government. Alpex Solar Limited, related to solar energy, has brought its IPO in the market. This IPO There is special enthusiasm among investors regarding this. Today is the last day to bid for it.
As of 10:32 am, the IPO has received 105.26 times subscription. This means that bids were received for 45,37,30,800 shares as compared to 43,10,400 shares on offer.
The company had opened its IPO on February 8 to collect Rs 74.52 crore from the market.
So far, the retail category has received subscription 165.24 times and the non-institutional quota has received 104.31 times subscription. QIB category has got 100 percent subscription.
The allotment of shares of Alpex Solar IPO will take place on 13 February.
What is the GMP of Alpex Solar?
According to Share Market Observer, unlisted shares of Alpex Solar Limited are trading at Rs 190 more than its issue price. Gray Market Premium or GMP of Rs 190 means that the company’s shares can be listed with a profit of at least 165.22 percent. It is being told that the listing of the company is expected on NSE SME on 15th February.
How much will have to be invested
The minimum lot size for Applex Solar IPO application is 1200 shares. The minimum investment amount required for retail investors is Rs 138,000. The minimum lot size investment for HNIs is 2 lots (2,400 shares), amounting to Rs 276,000. The book-running lead manager of Alpex Solar IPO is Corporate Capital Ventures Pvt. Ltd. While Skyline Financial Services Private Limited has been appointed as the registrar for the issue. SS Corporate Securities is the market maker for Alpex Solar IPO.
what does the company do
Alpex Solar Limited was established in August 1993. The company manufactures solar panels using monocrystalline and polycrystalline cell technologies. They manufacture a range of solar panel modules including bifacial, mono PERC and half-cut modules. Additionally, Alpex Solar offers solar power solutions such as AC/DC Solar Pump EPC for surface and submersible ranges. The company’s customers include Solarworld Energy Solutions Private Limited, BVG India Limited, Tata Power, Hild Energy Private Limited and Shakti Pumps India Limited.
,Disclaimer: Investing in IPO is subject to market risk. Before investing in this, take information from a financial advisor.,