Alpex Solar IPO: The preliminary public providing of photo voltaic panel maker Alpex Solar Ltd, which was opened for public subscription on Thursday, has up to now obtained an honest response from traders. Till 11:20 am on the second day of bidding on Friday, the Rs 74.52-crore SME IPO obtained 40.31 occasions subscription, garnering bids for 17,37,49,200 shares as in opposition to 43,10,400 shares on provide.
The Alpex Solar IPO might be closed on February 12.
The retail class has up to now obtained 65.90 occasions subscription and the non-institutional investor (NII) class quota obtained 34.18 occasions subscription. The certified institutional purchaser (QIB) class obtained 0.10 occasions subscription.
The allotment of Alpex Solar IPO will happen on February 13, whereas its itemizing will happen on the NSE SME on February 15, 2024.
Alpex Solar IPO GMP Today
According to market observers, unlisted shares of Alpex Solar Ltd are buying and selling Rs 190 larger within the gray market as in contrast with its difficulty worth. The Rs 190 gray market premium or GMP means the gray market is anticipating a 165.22 per cent itemizing achieve from the general public difficulty. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Alpex Solar IPO Details
The Alpex Solar IPO is fully a recent difficulty of 64.8 lakh shares. The worth band of the IPO was fastened at Rs 109 to Rs 115 per share.
The minimal lot dimension for an utility is 1,200 shares. The minimal quantity of funding required by retail traders is Rs 1,38,000. The minimal lot dimension funding for HNI is 2 tons (2,400 shares) amounting to Rs 2,76,000.
Corporate Capitalventures Pvt Ltd is the ebook-operating lead supervisor of the Alpex Solar IPO, whereas Skyline Financial Services Private Ltd is the registrar for the difficulty. The market maker for Alpex Solar IPO is Ss Corporate Securities.
