Shares of Alpex Photo voltaic made a stellar itemizing at NSE-Emerge platform. As in opposition to the IPO worth of ₹115, the inventory was listed at with an enormous premium of ₹345.45 and surged additional to ₹362.70 — a achieve of 215 per cent.
The IPO, which opened between February 8–12, noticed an awesome response from the traders with the problem being subscribed 301.45 instances.
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The Larger Noida-based firm plans to make use of ₹19.55 crore of the online proceeds to improve and broaden its present photo voltaic module manufacturing facility, growing its capability from 450 MW to 1.2 GW; ₹12.94 crore to arrange a brand new manufacturing unit; ₹20.49 crore to fulfill its working capital necessities; and the remaining for normal company bills..
Company Capital Ventures Personal is the E book Working Lead Supervisor and Skyline Monetary Providers Pvt Ltd is the Registrar to the Problem.
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