31 Mar 2021
Assets99.35
Total Income149.73
Profit After Tax3.15
NET Worth37.48
Reserves and Surplus31.49
Total Borrowing29.93
At a glance
Updated 2026-08-24Alpex Solar is a SME IPO with an issue size of ₹74.52 crore, proposed for listing on NSE SME. The issue structure includes a fresh issue of ₹70.79 crore.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹74.52 Cr
Fresh issue₹70.79 Cr
Face value₹10
Price band₹109.00–₹115.00
Grey market
GMP page ↗Latest GMP₹148.00
GMP / upper price128.70%
Est. listing₹263.00
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure for upgradation and expansion of our existing solar module manufacturing facility by increasing 750 MW | ₹19.56 Cr |
| Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for our solar module | ₹12.95 Cr |
| To Meet Working Capital requirements of the Company | ₹20.50 Cr |
| General Corporate Expenses | ₹21.52 Cr |
Financials
Full financials ↗31 Mar 2022
Assets100.04
Total Income168.54
Profit After Tax0.19
NET Worth37.68
Reserves and Surplus31.68
Total Borrowing26.70
31 Mar 2023
Assets125.60
Total Income195.92
Profit After Tax3.79
NET Worth41.46
Reserves and Surplus35.47
Total Borrowing47.36
30 Sep 2023
Assets141.88
Total Income213.11
Profit After Tax7.61
NET Worth49.07
Reserves and Surplus43.07
Total Borrowing41.75
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| Price to Book Value |
Valuation & shareholding
Pre-IPO EPS2.10
Post-IPO EPS6.22
Pre-IPO P/E54.66
Post-IPO P/E18.5
Promoter holding pre93.53%
Promoter holding post68.76%
Market cap₹281.44 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Issue Management Fees | ₹0.50 Cr |
| Selling and Distribution Fees | ₹3.35 Cr |
| Underwriting Commission | ₹3.35 Cr |
| Advertising and marketing expenses | ₹0.20 Cr |
| Fees payable to Registrar to the Issue | ₹0.05 Cr |
| Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | ₹0.01 Cr |
| Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | — |
| Printing and distribution of issue stationery | ₹0.05 Cr |
| Listing fees | ₹0.01 Cr |
| NSE Processing | ₹0.00 Cr |
| Book Building software fees | ₹0.04 Cr |
| Other regulatory expenses | ₹0.02 Cr |
| Fees payable to legal counsel | ₹0.01 Cr |
| Miscellaneous | — |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Corporate Capital Ventures Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.