Alpex Solar Limited

About the company

## **About  Alpex Solar Limited** Alpex, a pioneering force in the solar industry since 1993, has firmly established itself as a leading solar photovoltaic (PV) module manufacturer in North India. With a steadfast commitment to innovation and quality, Alpex boasts a diverse portfolio of solar energy products meticulously crafted using cutting-edge monocrystalline and polycrystalline cell technologies. At the heart of our offerings lie our premium PV modules, including bifacial, mono perc, and Halfcut solar panels, engineered to harness the power of the sun efficiently and sustainably. However, Alpex's dedication to the solar revolution extends beyond mere product manufacturing; we offer comprehensive integrated solar energy solutions, encompassing engineering, procurement, and construction (EPC) services for AC/DC Solar Pumps across Surface and Submersible categories. In the realm of business-to-business (B2B) transactions, Alpex serves as a trusted partner and contract manufacturer for esteemed industry giants such as Luminous, Jakson, and Tata Power. Our unwavering commitment to excellence has positioned us as the preferred choice for companies specializing in EPC projects, exemplified by our collaborations with Solarworld Energy Solutions Pvt Ltd, BVG India Limited, Tata Power, Hild Energy Private Limited, and Shakti Pumps India Limited. While our presence in the B2B sector is formidable, Alpex also recognizes the immense potential of the business-to-consumer (B2C) market, particularly in the domain of solar water pumps. Leveraging our expertise and experience, we actively participate in tender processes at the state level, diligently vying for opportunities to bring sustainable water solutions to communities across India. Upon winning tenders, our seasoned team conducts thorough site assessments and proceeds to install solar water pumps with utmost precision and care, empowering individuals and communities with access to clean, renewable energy sources. In essence, Alpex stands at the forefront of the solar revolution, driving positive change through innovation, reliability, and a steadfast commitment to sustainability. With a relentless pursuit of excellence, we continue to illuminate the path towards a brighter, greener future for generations to come. As Alpex Solar Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives *   * unding Capital Expenditure for upgradation and expansion of the existing solar module manufacturing facility by increasing 750 MW; * Funding Capital Expenditure towards setting up of a new manufacturing unit for Aluminum frame for the solar module; * To Meet Working Capital requirements of the Company; and * General Corporate Expenses. Here are key details about the Alpex Solar Limited IPO: Company Name| **Alpex Solar Limited**|  | Alpex Solar Limited IPO Opening Date| **February 8, 2024** ---|---|---|---|--- Company Established On|**1993**Alpex Solar Limited IPO Price band|**₹109 to ₹115 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   08 Feb 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   12 Feb 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   10 Feb 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   14 Feb 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   13 Feb 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   15 Feb 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.