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15 Days Price Change

Alpex Solar IPO

Closing In

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WEBSITE Inc. Year: 1993 Industry: Electric Equipment Listed Page

Profile
Issue Size --
Profile
Price Range 109  to  115 per share
Profile
Min Investment ₹115
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Alpex Solar Limited is a prominent player in the renewable energy sector, specializing in solar power solutions. Established with a vision to promote clean and sustainable energy, the company designs, manufactures, and installs high-quality solar panels, inverters, and other solar energy systems. With a commitment to innovation and technology, Alpex Solar has established itself as a trusted provider of reliable solar solutions for residential, commercial, and industrial clients globally. The company's comprehensive range of products caters to diverse energy needs, offering cost-effective and environmentally friendly alternatives to traditional energy sources. Alpex Solar's emphasis on research and development ensures that its products remain at the forefront of solar technology, contributing to the global transition towards renewable energy and fostering a greener planet. Through its dedication to excellence and sustainability, Alpex Solar Limited continues to make significant strides in the renewable energy landscape. Read More

Basic Info

Face Value 10 per share

Price 109  to  115 per share

P/E (x) 3.4

Sales( Cr.) 780

PAT( Cr.) 83

EPS 34.1

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Ashwani Sehgal Mrs. Monica Sehgal Mr. Vipin Sehgal.

Pre Issue Share Holding 75.33%

Post Issue Share Holding 45.12%

Listing Details:

Listing Price: 399.7

Listing Gain: 71.23%

Current Price: 996.3

Gain On Issue: 996.3 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 08, 2024
Closing Date Feb 12, 2024
Allotment Feb 13, 2024
Refund Feb 14, 2024
Delivery of Shares Feb 14, 2024
Listing Date Feb 15, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 138,000
Retail (Max) 1 1200 138,000
S-HNI (Min) 2 2400 276,000
S-HNI (Max) 7 8400 966,000
B-HNI (Min) 8 9600 1,104,000

Objective of the Issue

1.Funding Capital Expenditure for upgradation and expansion of the existing solar module manufacturing facility by increasing 750 MW. 2. Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for the solar module. 3. To Meet Working Capital requirements of the Company. 4. General Corporate Expenses.

Issue

Category Nos Bid Bid (x)
QIB 3240000 458395200 141.5x
NII 972000 488245320 502.3x
Retail 2268000 798086520 351.9x
EMP 0 0 0x
Total 6480000 2099714400 324x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Alpex Solar Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 149 166 195 413 780
Other Income 2 3 1 1 3
Total Income 150 169 196 414 783
Total Expenditure 140 162 183 375 655
Operating Profit 10 7 13 39 128
Interest 4 4 5 6 7
Depreciation 2 3 2 4 9
Exceptional Income / Expenses 0 0 0 5 0
Profit Before Tax 3 0 5 34 112
Provision for Tax 0 0 2 5 29
Profit After Tax 3 0 4 29 83
Adjustments -0 -0 0 0 0
Profit After Adjustments 3 0 4 29 83
Adjusted Earnings Per Share 1.8 0.1 2.1 11.9 34.1

Alpex Solar Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 37 38 41 133 216
Minority's Interest 0 0 0 0 0
Borrowings 12 12 9 4 14
Other Non-Current Liabilities 1 1 1 -2 4
Total Current Liabilities 49 49 75 92 236
Total Liabilities 99 100 126 227 470
Fixed Assets 20 17 17 44 74
Other Non-Current Assets 6 6 10 12 39
Total Current Assets 74 77 98 171 357
Total Assets 99 100 126 227 470

Alpex Solar Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 2 1 3 26
Cash Flow from Operating Activities 2 -1 -7 -8 69
Cash Flow from Investing Activities -8 6 -9 -19 -82
Cash Flow from Financing Activities 7 -6 17 50 16
Net Cash Inflow / Outflow 0 -1 2 23 3
Closing Cash & Cash Equivalent 2 1 3 26 29

Alpex Solar Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.75 0.11 2.08 11.89 34.11
CEPS(Rs) 3.05 1.56 3.22 13.32 37.58
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 20.83 20.94 23.03 54.36 88.43
Core EBITDA Margin(%) 5.57 2.4 5.88 9 16.06
EBIT Margin(%) 5.21 2.59 5.47 9.75 15.33
Pre Tax Margin(%) 2.33 0.19 2.72 8.22 14.4
PAT Margin (%) 2.11 0.12 1.92 7.05 10.7
Cash Profit Margin (%) 3.66 1.69 2.97 7.9 11.79
ROA(%) 3.18 0.2 3.31 16.51 23.95
ROE(%) 8.43 0.53 9.45 33.34 47.78
ROCE(%) 11.59 6.55 13.9 31.25 52.33
Receivable days 34.55 34 33.31 39.52 45.48
Inventory Days 76.51 82.72 91.02 39.81 32.6
Payable days 72.81 61.33 41.19 23.31 35.61
PER(x) 0 0 0 27.96 16.62
Price/Book(x) 0 0 0 6.11 6.41
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.14 0.16 0.22 1.95 1.81
EV/Core EBITDA(x) 2.12 3.74 3.36 20.86 11.03
Net Sales Growth(%) 0 11.46 17.59 111.94 89.08
EBIT Growth(%) 0 -44.73 146.6 277.85 197.29
PAT Growth(%) 0 -93.65 1762.58 678.15 186.98
EPS Growth(%) 0 -93.84 1824.89 472.12 186.98
Debt/Equity(x) 0.8 0.71 1.14 0.27 0.33
Current Ratio(x) 1.5 1.56 1.32 1.87 1.52
Quick Ratio(x) 0.86 0.67 0.61 1.46 1.08
Interest Cover(x) 1.81 1.08 1.99 6.37 16.35
Total Debt/Mcap(x) 0 0 0 0.04 0.05

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 89% 67% 0% 0%
Operating Profit CAGR 228% 163% 0% 0%
PAT CAGR 186% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 10% NA% NA% NA%
ROE Average 48% 30% 20% 20%
ROCE Average 52% 33% 23% 23%

Company Contact Information

Alpex Solar Ltd.

B-79 Shivalik Enclave Near Malviya Nagar

IPO Lead Manager(s)

Alpex Solar Ltd.

Corporate Capital Ventures Pvt Ltd.

Registrar Info

Alpex Solar Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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