ACME Solar Holdings Limited IPO
Open MainLineCurrent GMP
₹-4 (-1.38%)
Price Band
₹ 275 – 289
Lot Size
51
Issue Size
₹2900 Cr
Minimum Investment
₹14739 (51 Shares)
Listing Date
13 November 2024
Subscription
2.75x
About the Company
ACME Solar Holdings Limited is a leading renewable energy company in India, established in 2015 as part of the ACME Group. It operates a diverse portfolio of solar, wind, hybrid, and firm dispatchable renewable energy projects, making it one of the largest independent power producers (IPP) in the country. As of June 30, 2024, ACME is among the top 10 renewable energy players in India by operational capacity.
The company develops, builds, owns, and maintains utility-scale renewable energy projects through its in-house engineering, procurement, and construction (EPC) and operation and maintenance (O&M) teams. It primarily generates revenue from electricity sales to various government-backed entities.
Since its inception, the ACME Group has expanded significantly, with a total of 2,719 MW (3,668 MWp) of solar projects developed since 2012. Currently, ACME's operational capacity includes 1,340 MW (1,826 MWp) of solar power, alongside substantial contracted and awarded projects across various renewable energy types, totaling over 6,900 MW.
The company's focus on firm dispatchable renewable energy (FDRE) projects enhances its revenue potential due to a higher capacity utilization factor and more favorable tariff rates. ACME has strategically divested certain solar projects, utilizing proceeds to fuel further growth and maintain its commitment to sustainable energy development.
Promoters
The company's promoters are
- Mamta Upadhyay
- Manoj Kumar Upadhyay
- ACME Cleantech Solutions Private Limited
- MKU Holdings Private Limited
- Upadhyay Family Trust
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects.
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and
- General corporate purposes.
Address / Contact Info
ACME Solar Holdings Limited
Plot No. 152 Sector 44
Gurugram - 122002
Phone: +91 1247117000
Email: cs.acme@acme.in
Website: https://www.acmesolar.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 06 November 2024
IPO Close Date
Friday, 08 November 2024
Basis of Allotment
Monday, 11 November 2024
Initiation of Refunds
Tuesday, 12 November 2024
Credit of Shares to Demat
Tuesday, 12 November 2024
Listing Date
Wednesday, 13 November 2024 — NSE & BSE
Important Dates
Open Date
06 November 2024
Close Date
08 November 2024
Basis Of Allotment
11 November 2024
Listing Date
13 November 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 13985.14 | 13394.13 | 12186.95 | 10887.62 |
| Revenue | 340.01 | 1466.27 | 1361.37 | 1562.73 |
| Profit After Tax | 1.39 | 697.78 | -3.17 | 62.01 |
| Net Worth | 1942.12 | 2590.87 | 1900.56 | 1908.76 |
| Reserve & Surplus | 1837.68 | 1836.43 | 1146.12 | 1154.32 |
| Total Borrowings | 9319.91 | 8217.59 | 8657.35 | 7563.6 |
EPS Pre
13.20%
EPS Post
0.09%
P/E Pre
21.63
P/E (Post Issue)
3,147.37x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 2.93 |
| ROCE % | 0 |
| Debt / Equity | 3.89 |
| RoNW % | 0.07 |
| PbW | 7.77 |
| Pat Margin % | 0.41 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 45000000 | 44.84 | 0 |
| Qualified Institutions | 31527272 | 29.9 | 0 |
| Non-Institutional | 15763636 | 14.95 | 0 |
| BNII | 10509091 | 9.97 | 14005 |
| SNII | 5254545 | 4.98 | 7002 |
| Retail Investors | 10509090 | 9.97 | 196078 |
| Employees | 403225 | 0.34 | 0 |
| Total | 103203223 | 0 | 0 |
Subscription Status ( Fri, 08 Nov 24 12:57 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 31527272 | 111556023 | 3.54x |
| Non-Institutional | 15763636 | 15268686 | 0.97x |
| BNII | 10509091 | 9059793 | 0.86x |
| SNII | 5254545 | 6208893 | 1.18x |
| Retail Investors | 10509090 | 32547282 | 3.1x |
| Employees | 403225 | 640254 | 1.59x |
| Total | 58203223 | 160012245 | 2.75x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 51 | 14,739.00 |
| Retail (Max) | 13 | 663 | 191,607.00 |
| S-HNI (Min) | 14 | 714 | 206,346.00 |
| S-HNI (Max) | 67 | 3,417 | 987,513.00 |
| B-HNI (Min) | 68 | 3,468 | 1,002,252.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- ICICI Securities Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- Nuvama Wealth Management Limited
- Motilal Oswal Investment Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
ACME Solar Holdings Limited IPO is a Book-building IPO worth ₹2900 crores. The price band is ₹275 to 289 per share. The IPO opens on Wed, Nov 6, 2024 and closes on Fri, Nov 8, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The ACME Solar Holdings Limited IPO opens on Wed, Nov 6, 2024 and closes on Fri, Nov 8, 2024
ACME Solar Holdings Limited IPO Price Band is ₹275 to 289.
ACME Solar Holdings Limited IPO lot size is 51, and the minimum amount required for application is ₹14739.
The minimum investment for ACME Solar Holdings Limited IPO is approximately ₹14739 based on the upper price band.
To apply for the ACME Solar Holdings Limited IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Nov 8, 2024. After submission, funds are blocked until the basis of allotment of ACME Solar Holdings Limited IPO is finalised.
ACME Solar Holdings Limited IPO issue size is ₹2900 crores.
ACME Solar Holdings Limited IPO allotment date is Sat, Jun 27, 2026.
The registrar for ACME Solar Holdings Limited IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to ACME Solar Holdings Limited IPO through their official website or helpline.
The ACME Solar Holdings Limited IPO GMP (Grey Market Premium) is ₹-4 as of Wed, Nov 13, 2024. Based on the upper price band of ₹289 per share, the estimated ACME Solar Holdings Limited IPO listing price is ₹285, indicating a potential listing gain of approximately 31% over the issue price.