Alpex Solar Limited IPO 

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.


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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