Alpex Solar Ltd - IPO

Alpex Solar Ltd IPO Details

Public issue of 64,80,000 equity shares of face value of Rs. 10 each (Equity Shares) of Alpex Solar Limited (the Company or the Issuer) for cash at a price of Rs. 115 per equity (the Issue Price) aggregating to Rs. 74.52 (The Issue) comprising of a fresh issue of 64,80,000 equity shares aggregating to Rs. 74.52 crores (the Fresh Issue) of which 3,24,000 equity shares aggregating to Rs. 3.73 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 61,56,000 equity shares aggregating to Rs. 70.79 crores (the Net Issue). The issue and the net issue will constitute 26.48% and 25.15% respectively of the post issue paid up equity share capital of the company.

Objective of issue

Funding capital expenditure for upgrading and expansion of its existing solar module manufacturing facility by incresing 750 MW. Funding capital expenditure towards setting up of new manufactureing unit Aluminium frame for its solar module. To meet working capital requirements of the company. General corporate expenses.

Alpex Solar Ltd Contact Details

Alpex Solar Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - csalpex@alpexonline.com

Website - www.alpexsolar.com