Alpex Solar IPO: IT solutions provider DelaPlex Ltd’s initial public offering closes on Monday, February 12 and has received an overwhelming response from investors. As of 10:32 pm on the last day of bidding on Monday, the IPO had received a total of 105.26 times subscription, with the number of bids being 45,37,30,800 shares and the number of shares on offer being 43,10,400 shares.
The IPO, which raised Rs 7,452 crore, opened for public subscription on Thursday, February 8.
The retail quota subscription was 165.24 times, and the non-institutional quota subscription was 104.31 times. The QIB category was 100% subscribed.
The Alpex Solar IPO rights issue will take place on February 13 and its listing will take place on NSE SME on February 15, 2024.
Alpex Solar IPO GMP Today
According to market observers, the unlisted shares of Alpex Solar Ltd are trading in the gray market at a premium of Rs 190 above its issue price. The Gray Market Premium or GMP of Rs 190 means that Gray Market expects the listing gain on the public issue to be 165.22%. GMPs are based on market sentiment and are constantly changing.
The “grey market premium” indicates that investors are willing to pay more than the issue price.
Alpex Solar IPO Details
The Alpex Solar IPO was entirely new issuance of 6.48 million shares. The price band for the IPO has been fixed at Rs 109 to Rs 115 per share.
The minimum lot size requested is 1,200 shares. The minimum investment amount required for retail investors is Rs 1,38,000. The minimum investment lot size for HNI is 2 lots (2,400 shares) and the amount is Rs. 2,76,000.
Corporate Capitalventures Pvt Ltd is the lead bookkeeping manager for the Alpex Solar IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for the Alpex Solar IPO is Ss Corporate Securities.
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