ACME Solar Holdings Limited IPO
MainboardHolding Company
Listed On: Nov 13, 2024 at ₹ 251.0(NSE)
₹ 14739 /51 Shares
Check AllotmentPrice Summary
Last Closing
274.30 (-5.09%)52 Week High
292.4052 Week Low
227.85Last Update
6-Dec-2024 3:30 PM06 Nov, 2024
Open Date08 Nov, 2024
Close Date11 Nov, 2024
Allotment Date13 Nov, 2024
Listing DateIssue Price
₹275-289 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
251.0(NSE)Listing Date
2024-11-13Market Lot
Retail : 51 Shares (₹14,739/-)S-HNI : 714 Shares (₹2,06,346/-)
B-HNI : 3,468 Shares (₹10,02,252/-)
Lead Manager
Nuvama Wealth Management LimitedICICI Securities Limited
Jm Financial Limited
Kotak Mahindra Capital Company Limited
Motilal Oswal Investment Advisors Limited
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)
Retail Portion
10% (Number of Retail Applications: 1,96,708 Approx),(Number of S-HNI Applications : 7,003 Approx),
(Number of B-HNI Applications : 14,006 Approx)
Subscription
2.75 timesACME Solar Holdings IPO Subscription Details
As on | QIB | NII bNII sNII | 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 | 0.32 0.35 x 0.26 x | 1.19 x | 0.39 x |
Day 2 - 07-11-24 05:00 PM | 0.31 x | 0.56 0.58 x 0.54 x | 2.04 x | 0.70 x |
Day 3 - 08-11-24 05:00 PM | 3.54 x | 0.97 0.86 x 1.18 x | 3.10 x | 2.75 x |
ACME Solar Holdings Valuations
Earnings Per Share (EPS)
₹N/A/-P/E Ratio
N/ARoNW
N/A%Net Asset Value (NAV) - As on 31.03.22
₹N/AACME Solar Holdings Company Financials All values are in ₹ Cr.
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 |
About The Company
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 - Strength and Weakness
One of India's largest renewable energy IPPs with 1,320 MW operational capacity.
Strong project pipeline with 2,220 MW under construction contracted capacity.
Diverse portfolio across solar, wind, hybrid, and FDRE technologies.
Concentrated revenue risk: 63.22% of revenue from Andhra Pradesh, Rajasthan, and Telangana.
Dependence on government-owned transmission grids and infrastructure.
Growth relies on winning highly competitive project bids.
ACME Solar Holdings - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- Mamta Upadhyay
- Manoj Kumar Upadhyay
- ACME Cleantech Solutions Private Limited
- MKU Holdings Private Limited
- Upadhyay Family Trust
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
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.
Other Details
ACME Solar Holdings
Plot No. 152, Sector 44, Gurugram - 122002Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: acmesolar.ipo@kfintech.com
ACME Solar Holdings IPO - FAQs
Ans. ACME Solar Holdings Limited IPO is a Mainboard IPO. The issue is priced at ₹275-289 per equity share. The minimum order quantity is 51 Shares. The IPO opens on Nov 6, 2024, and closes on Nov 8, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The ACME Solar Holdings Limited IPO opens on Nov 6, 2024 and closes on Nov 8, 2024.
Ans. The size of ACME Solar Holdings Limited IPO is 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).
Ans. The IPO price band is set between ₹275-289 per equity share.
Ans. To apply for ACME Solar Holdings Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find ACME Solar Holdings Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of ACME Solar Holdings Limited IPO is Nov 11, 2024.
Ans. The ACME Solar Holdings Limited IPO will be listed on Nov 13, 2024.
Ans. Follow the steps to check the allotment status for ACME Solar Holdings Limited IPO here.