February 8, 2024 - February 12, 2024

Alpex Solar IPO Subscription Details

Alpex Solar IPO Subscription Status Live

Alpex Solar IPO subscribed 324.03 times. The public issue subscribed 351.89 times in the retail category, 141.48 times in QIB, and 502.31 times in the NII category by February 12, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	141.48	1,231,200	17,41,93,200	2,003.22
Non-Institutional Buyers*	502.31	924,000	46,41,32,400	5,337.52
Retail Investors	351.89	2,155,200	75,83,91,600	8,721.50
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	324.03	4,310,400	1,39,67,17,200	16,062.25

Total Application : 631,993 (351.89 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 324,000 equity shares not included.

Alpex Solar IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 February 8, 2024	0.09	26.13	50.44	30.85
Day 2 February 9, 2024	0.90	73.19	133.86	82.88
Day 3 February 12, 2024	141.48	502.31	351.89	324.03

Alpex Solar IPO Shares Offered

Alpex Solar IPO is a public issue of 6,480,000 equity shares. The issue offers 2,155,200 shares to retail investors, 1,231,200 shares to qualified institutional buyers, and 924,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,845,600	21.22	28.48%
Market Maker	324,000	3.73	5.00%
QIB	1,231,200	14.16	19.00%
NII*	924,000	10.63	14.26%
Retail	2,155,200	24.78	33.26%
Total	6,480,000	74.52	100%

Alpex Solar IPO Anchor Investor Allocation

A total of 1,845,600 shares at a price of Rs 115 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Persistent Growth Fund- Varsu India Growth Story Scheme 1	600,000	115	32.51	69,000,000
2	Astrone capital VCC - Arven	400,800	115	21.72	46,092,000
3	Craft Emerging Market Fund - Elite Capital Fund	200,400	115	10.86	23,046,000
4	Acintyo Investment Fund PCC - CELL 1	174,000	115	9.43	20,010,000
5	FINAVENUE CAPITAL TRUST FINAVENUE GROWTH FUND	90,000	115	4.88	10,350,000
6	India Max Investment Fund Limited	90,000	115	4.88	10,350,000
7	Beacon Stone Capital VCC- Beacon Stone I	200,400	115	10.86	23,046,000
8	Capri Global Capital Limited	90,000	115	4.88	10,350,000
		1,845,600		100	212,244,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Alpex Solar IPO Subscription FAQs

The Alpex Solar IPO is subscribed 324.03 by February 12, 2024.