Alpex Solar IPO Closes: Over 320 Times Subscription Received, Check GMP Today – News18

Alpex Solar IPO: Check Subscription Status, GMP Today.

Unlisted shares of Alpex Solar Ltd are trading Rs 180 higher in the grey market, a 156.52 per cent listing gain from the public issue

Alpex Solar IPO: The initial public offering of Alpex Solar, which is going to be closed on Monday, February 12, has received a blockbuster response from investors. Till 4:10 pm on the final day of bidding on Monday, the IPO received 320.12 times subscription, garnering bids for 1,37,98,56,000 shares as against 43,10,400 shares on offer.

The Rs 74.52-crore IPO was opened for public subscription on Thursday, February 8.

The retail category has received 344.26 times subscription and the non-institutional quota got 501.85 times subscription. The QIB category received 141.48 times subscription.

The allotment of Alpex Solar IPO will take place on February 13, while its listing will take place on the NSE SME on February 15, 2024.

Alpex Solar IPO GMP Today

According to market observers, unlisted shares of Alpex Solar Ltd are trading Rs 180 higher in the grey market as compared with its issue price. The Rs 180 grey market premium or GMP means the grey market is expecting a 156.52 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Alpex Solar IPO Details

The Alpex Solar IPO is entirely a fresh issue of 64.8 lakh shares. The price band of the IPO was fixed at Rs 109 to Rs 115 per share.

The minimum lot size for an application is 1,200 shares. The minimum amount of investment required by retail investors is Rs 1,38,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 2,76,000.

Corporate Capitalventures Pvt Ltd is the book-running lead manager of the Alpex Solar IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Alpex Solar IPO is Ss Corporate Securities.

(The story has been updated with the latest subscription and GMP data till 4:10 pm)

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