Apex Solar IPO Date – Lot Size, Reservation, Anchor Investors, Review 

Apex Solar IPO will be open for subscription on 8th Feb 2024 and closes on 12th Feb 2024. The allotment for the apex solar ipo is expected to be finalised on Tuesday 13th Feb 2024.

Apex Solar IPO Date

Date for the initial public offering (IPO) of Apex Solar Limited is available inside the table below, go through it to check the complete schedule.

Corporate Capital ventures Pvt Ltd is the book running lead manager of the Apex Solar IPO, while skyline financial service private Ltd is the registrar for the issue.

The Apex Solar IPO is a book built issue of Rs 74.52 crores. The Apex Solar IPO will be listed on NSE SME with a tentative listing date fixed as Thursday, 15 Feb 2024. The Apex solar IPO price band is set at Rs 109 to Rs 115 per share.

Apex Solar IPO Lot Size

For application 1200 shares is min lot size. The minimum amount of investment by retail investors is Rs 138000. The minimum lot size investment for HNI is 2 lots (2400 shares) amounting to Rs 276000.

Apex Solar IPO Date Reservation

The reservation of Apex Solar IPO is categorised or divided into three categories which are shown below with in table –

Apex Solar IPO Anchor Investors Details

This IPO raised Rs 21.22 Crore from the various investors of Anchor. The binding date of Apex solar IPO is 7th February 2024.

Apex Solar IPO Review

The various reviews of this IPO are:

• The objectives of IPO including funding capital expenditure for facility expansion, setting up a new manufacturing unit, meeting working capital requirements, and addressing generated corporate expenses, aligns with company growth plans.
• As a part of the review process, we analyse the company’s background, its offer details, its valuation, its capital structure, its financial performance and the risks and benefits of investing in its stock.
• IPO offers peer comparisons recommendation regarding whether the IPO is a worthy investment.
• Both short and long-term investment horizons are considered in these recommendations.
• Investors can rely on data-supported forecasts and expert analysis.  

Apex Solar IPO – Apply or Not

In my opinion applying for an IPO is a good idea because with an IPO you are able to enhance their growth in business successfully and efficiently.

Investment in IPO also provides an excellent opportunity to invest in emerging companies with significant growth potential.

Apex Solar IPO Promoter Holding

The promoters of the company are Mr. Ashwani Sehgal, Mrs. Monika Sehgal and Mr. Vipin Sehgal.

Apex Solar limited has demonstrated a robust financial performance with a noteworthy 16.25% increase in revenue and a remarkable 1849.43% surge in profit. The market maker for Apex Solar IPO is Ss corporate securities.