Alpex Solar IPO
Alpex Solar's INR 74.52 crore IPO, with shares worth INR 68,80,000 lakhs, aims to fund solar expansion, aluminum unit, working capital, and corporate expenses.
Important Details
Date: Feb 08 to Feb 12, 2024 Listing Date: Feb 15, 2024 Price: INR 109-115 per share Lot Size: 1200 Shares Total Issue Size: INR 74.52 crores
Fundamental Analysis
Alpex Solar's robust 2021-2023 performance, marked by revenue growth, profit improvement, and asset expansion, positions it as an attractive choice for investors.
Peer Comparison
Alpex Solar's ₹19,592.07 lakhs income and 9.55% RoNW contrast with Insolation Energy's ₹28,005.86 lakhs income, 20.95 P/E, and 28.48% RoNW.
Objective
Alpex Solar aims to enhance its solar module facility, establish a new aluminum frame unit, and fulfill working capital needs for sustainable growth.
Risks And Challenges
Alpex Solar faces risks from tax evasion case (CRLR 132/2023), business continuity, financial stability, competition, and clientele shifts affecting growth and profitability.
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