Alpex Solar’s shares made a spectacular entrance on the NSE SME platform, launching at ₹329, marking an astounding 186.09% increase over the IPO price of ₹115. This debut on the trading floor showcased strong investor enthusiasm and market confidence in the company. The IPO, which opened for subscription from February 8 to February 12, was set within a price band of ₹109 to ₹115, with a lot size of 1,200 shares, allowing bids in multiples thereof.
Investor response was extraordinary, with the subscription rate hitting 324.03 times by the third day, a significant leap from the initial interest shown on the first day and an 82.88 times subscription on the second day. This surge in demand underscored the market’s bullish outlook on Alpex Solar, as investors rapidly scooped up shares, eager to partake in the company’s promising future. The initial public offering’s successful structure and the incremental increase in subscription levels over the subscription period highlighted the high anticipation and investor confidence surrounding Alpex Solar’s market debut.
