ACME Solar Holdings IPO
ACME Solar Holdings IPO is listed on BSE and NSE, priced at ₹275–₹289 per share. The stock debuted at ₹251. The IPO had a lot size of ₹51 shares and a minimum investment of ₹14,739.
ACME Solar Holdings Limited IPO
- IPO Dates
- Nov 6, 2024 – Nov 8, 2024
- Price band
- ₹275-289 per equity share
- Minimum Investment
- ₹14,739
- Issue size
- ₹2900 Cr
- Lot size
- 51
- Allotment Date
- Nov 11, 2024
- Listing
- Nov 13, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Nov 6, 2024
Open Date
Completed
-
Nov 8, 2024
Close Date
Completed
-
Nov 11, 2024
Allotment Date
Completed
-
Nov 13, 2024
Listing Date
Completed
Price Summary
- Last closing
- 283.00 (-2.08%)
- 52 week high
- 324.30
- 52 week low
- 195.90
- Last update
ACME Solar Holdings IPO Essentials
ACME Solar Holdings IPO Details
ACME Solar Holdings IPO is priced at ₹275-289 per share with a total issue size of 2900 crore. The IPO has a lot size of 51 shares and is listed on BSE and NSE.
- Issue price
- ₹275-289 per equity share
- Lot size
- 51 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total ₹2,900 Cr :
#Fresh Issue : 82,871,972 shares(aggregating up to ₹2,395 Cr) +
#OFS : 17,474,048 shares of ₹2(aggregating up to ₹505 Cr) - Total issue size
- 10,03,46,022 shares
(aggregating up to ₹2900 crore) - Fresh issue
- 8,28,71,973 shares
(aggregating up to ₹2395 crore) - Offer for sale (OFS)
- 1,74,74,049 shares
(aggregating up to ₹505 crore) - Listing at
- BSE, NSE
- List price
- 251.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Nuvama Wealth Management Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited
Market Lot Size
Investors can bid for a minimum of 51 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 51 | ₹14,739 |
| Retail(max) | 13 | 663 | ₹1,91,607 |
ACME Solar Holdings IPO Reservation
ACME Solar Holdings IPO reservation details show category-wise allocation of shares. Out of the total 100,346,021 shares, approximately 29.9% are reserved for QIB, 14.95% for NII, 9.97% for retail investors, 0.34% for employees, and 44.84% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 45,000,000 (44.84%) | |
| QIB Shares Offered | 30,000,000 (29.9%) | |
| NII (HNI) Shares Offered | 15,000,000 (14.95%) | |
| bHNI > ₹10L | 10,000,000 (9.97%) | 14,005 |
| sHNI < ₹10L | 5,000,000 (4.98%) | 7,002 |
| Retail Shares Offered | 10,000,000 (9.97%) | 196,078 |
| Employee Shares Offered | 346,021 (0.34%) | |
| Total Shares Offered | 100,346,021 (100%) |
ACME Solar Holdings IPO Analytics
ACME Solar Holdings IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
ACME Solar Holdings IPO Subscription Status
ACME Solar Holdings IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 30,000,000 |
15,000,000
10,000,000
5,000,000
|
10,000,000 | 55,346,021 |
|
Day 1
06-11-24 05:00 PM
|
0.15 x |
0.32x
0.35x
0.26x
|
1.19 x | 0.39 x |
|
Day 2
07-11-24 05:00 PM
|
0.31 x |
0.56x
0.58x
0.54x
|
2.04 x | 0.70 x |
|
Day 3
08-11-24 05:00 PM
|
3.54 x |
0.97x
0.86x
1.18x
|
3.10 x | 2.75 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 6,00,124 (Approx) | —x | —x | 2.97x |
ACME Solar Holdings Valuations
Earnings
- EPS Pre IPO
- ₹13.36/-
- EPS Post IPO
- ₹0.09/-
- P/E Pre IPO
- 21.63
- P/E Post IPO
- 3147.37
Returns
- ROE
- 2.93
- RoNW
- 0.07
- PAT Margin
- 0.41
Fundamentals
- Debt / Equity
- 3.89
- Price / Book
- 7.77
ACME Solar Holdings Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 13,394.13 | 12,186.95 | 10,887.62 |
| Revenue | 1,466.27 | 1,361.37 | 1,562.73 |
| Profit After Tax | 697.78 | -3.17 | 62.01 |
| Net Worth | 2,590.87 | 1,900.56 | 1,908.76 |
| Reserves & Surplus | 1,836.43 | 1,146.12 | 1,154.32 |
| Total Borrowing | 8,217.59 | 8,657.35 | 7,563.60 |
ACME Solar Holdings Company & Offer Insights
About ACME Solar Holdings
ACME Solar Holdings Limited, incorporated in June 2015, stands among India’s premier renewable energy power producers, specializing in wind and solar energy generation. With expertise in large-scale renewable project development, ACME Solar Holdings focuses on a full-cycle approach: from engineering and procurement to construction and ongoing operations. The company’s in-house EPC (engineering, procurement, and construction) and O&M (operation and maintenance) teams ensure optimal performance and longevity of its extensive renewable portfolio.
ACME Solar Holdings generates revenue by supplying electricity to diverse clients, including entities backed by central and state governments, establishing long-term revenue stability. Thus the company has long-term earning capacity. The company portfolio includes 1,320 MW (1,802 MWp) of operational solar project capacity as of March 31, 2024. 1,650 MW of solar and wind projects are under development. Besides, its won project capacity is 2,380 MW diversified in solar, hybrid, and FDRE project types, and underlines leading positions by the adoption of the most modern renewable technologies.
ACME Solar’s strengths include its position as one of India’s largest independent renewable power producers, a diversified technology portfolio, and a robust, integrated project development strategy. Contracts with government-backed entities further strengthen ACME’s revenue base, while access to varied funding channels and superior design and engineering deliver industry-leading efficiencies. The experienced leadership team and a dedicated workforce of 214 professionals contribute to the company’s dynamic growth in India’s fast-evolving renewable energy sector.
With a steadfast commitment to sustainable energy, ACME Solar Holdings Limited continues to expand its footprint in India, driving the country’s renewable energy transformation and reinforcing its status as a powerhouse in clean energy.
ACME Solar Holdings Promoter(s)
Mamta Upadhyay, Manoj Kumar Upadhyay, ACME Cleantech Solutions Private Limited, MKU Holdings Private Limited, Upadhyay Family Trust are the company's promoters of ACME Solar Holdings.
ACME Solar Holdings IPO Issue Objectives
- •
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Subsidiaries
- •
- General corporate purposes.
ACME Solar Holdings IPO - Anchor Investors
ACME Solar Holdings mobilises Rs 1,301 crore from anchor investors, Rs 2900-crore IPO .
Marquee institutional investors like Abu Dhabi Investment Authority, Goldman Sachs, Morgan Stanley, Nomura, Societe Generale, HSBC Global, BNP Paribas Funds, CLSA Global, Prudential Hong Kong, Eastspring Investments, Oaks Emerging Umbrella Funds Plc, Lion Global, Great Eastern Life, Copthall Mauritius, Susquehanna Pacific, Citigroup, and Integrated Core Strategies invested in ACME shares.
Nippon Life India, HDFC Mutual Fund, ICICI Prudential MF, Mirae Asset, Tata Mutual Fund, SBI Life Insurance, ICICI Prudential Life, Bandhan MF, Manulife, Invesco India, Baroda BNP Paribas, SBI General Insurance, Abakkus Diversified Alpha Fund, Kotak Mahindra Life, and Edelweiss Life are among the other participants in the anchor book.
ACME Solar Holdings IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| ACME Solar Holdings Limited | 12.55 | 12.55 | 49.61 | N/A | 26.93 | N/A | Consolidated |
| Adani Green Energy Ltd | 6.21 | 6.2 | 85.86 | 291.7 | 7.22 | 21.27 | Consolidated |
| ReNew Energy Global PLC | 9.94 | 9.92 | 332.16 | 48.8 | 3.07 | 1.46 | Consolidated |
Notes:
- Basic and Diluted EPS for peers are sourced from the audited financial statements for the relevant year.
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE Limited on October 3, 2024, divided by the Diluted EPS.
- For listed peers, RoNW is computed as profit attributable to equity shareholders of the company divided by Total Equity attributable to the owners of the Company as of March 31, 2024.
- Net Asset Value ("NAV") per share is computed as the closing net worth divided by the equity shares outstanding as of March 31, 2024.
ACME Solar Holdings IPO - Strengths and Risks
ACME Solar Holdings IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
ACME Solar Holdings
+91 1247117000
Plot No. 152, Sector 44, Gurugram - 122002
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
ACME Solar Holdings IPO is a book-built IPO worth ₹2900 crore. The price band is ₹275–₹289 per share. The IPO opens on Nov 6, 2024 and closes on Nov 8, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of ACME Solar Holdings IPO is ₹275 to ₹289 per share.
The lot size of ACME Solar Holdings IPO is 51 shares.
The minimum investment for ACME Solar Holdings IPO is approximately ₹14,739 based on the upper price band .
ACME Solar Holdings IPO opens on Nov 6, 2024 and closes on Nov 8, 2024.
The allotment date of ACME Solar Holdings IPO is Nov 11, 2024.
ACME Solar Holdings IPO is expected to be listed on Nov 13, 2024, on BSE and NSE .
ACME Solar Holdings IPO listed on Nov 13, 2024. It was issued at ₹251.0(NSE) and is currently around ₹283.00 as on 14-May-2026 3:30 PM, which is approximately -2.1% versus issue price. The 52-week high is ₹324.30.
Based on listing and post-listing performance, ACME Solar Holdings IPO delivered around -2.1% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy ACME Solar Holdings IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
ACME Solar Holdings IPO valuation snapshot: P/E 3147.37, EPS ₹0.09/-, P/B 7.77, RoNW 0.07, and market cap N/A.
To apply for ACME Solar Holdings IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of ACME Solar Holdings IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for ACME Solar Holdings IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check ACME Solar Holdings IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the ACME Solar Holdings IPO allotment status on IPO Ji for quick and easy access.