Alpex Solar IPO: The IPO of solar manufacturing company Alpex Solar will open this week. The company has announced the price band. In January, PM Modi announced that the government will install solar on 1 crore houses in the coming years. After this announcement, there can be a lot of enthusiasm among investors regarding Alpex Solar.
What Is The Price Band?
The size of Alpex Solar is Rs 74.52 crore. The company has fixed the price band for the IPO at Rs 109 to Rs 115 per share. The company has placed 1200 shares in one lot; because of this, investors will have to place a bet of at least Rs 1,38,000. Let us tell you this IPO will open from 8 February to 12 February. Allotment of shares can happen on 13 February.
This IPO will open for anchor investors on 7 February. The company will issue 64.80 lakh fresh shares to investors through the IPO and be listed in NSE SME.
Company’s Strong Performance In Gray Market
According to the Investors Gain report, the company trades at a premium of Rs 190 in today’s grey market. If this trend continues till the listing, this IPO will double the investors’ money on the first day. Looking at GMP, the company listing may cross Rs 300.
The company’s promoters are Ashwini Sehgal, Monica Sehgal, and Vipin Sehgal. They currently hold a 93.53 per cent share.
(This is not investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.)
