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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.

Date of opening 8th Feb 2024, Thursday
Date of closing 12th Feb 2024 Monday
Allotment as per basis 13th Feb  2024 Tuesday
Refund Initiation 14th Feb 2024 Wednesday
Credit of shares to Demat 14th Feb 2024 Wednesday
Listing Date 15th Feb 2024 Thursday
Cut-off time for UPI mandate confirmation 12th Feb 2024 on 5 PM

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.

Face Value Rs 10 per share
Cost of band Rs 109 – Rs 115 per share
Lot size 1200 shares
Total Issue Size 6480000 shares (aggregating up to Rs 74.52 Cr)
Fresh Issue 6480000 shares (aggregating up to Rs 74.52 Cr)
Issue Type Book Built Issue IPO
Listing in SME NSE
Shareholding pre issue 17993400
Shareholding post issue 24473400
Market maker portion 324000 shares

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.

Application Lots Shares Amount
Retail (Min) 1 1200 Rs 138000
Retail (Max) 1 1200 Rs 138000
HNI (Min) 2 2400 Rs 276000

Apex Solar IPO Date

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 –

Investors Category Shares Offered
QIB shares offered Not more than 50% of the net issue
Retail shares facilitated   Never less than 35% of the issued net
NII (HNI) share provided No low than 15% of the net given

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.

Facilitated share 1845600
Portion size of Anchor in Cr 21.22
Anchor lock in period end date for 50% shares (30 days) 28th March 2024
Anchor lock-in period end date for remaining shares (90 days) 27th June 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.

Pre Issue ShareHolding 93.53%
Post Issue Shareholding 68.76%

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. 

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