ACME Solar Holdings Limited IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 06 Nov 2024
Close Date
Fri, 08 Nov 2024
Price Band
₹ 275 – 289
Lot Size
51
Issue Size
₹ 2,900.00 Cr
Minimum Investment
₹ 14,739 (51 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
ACME Solar Holdings Limited IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹2,900.00 Crore, comprising a fresh issue of 8.29 Crore equity shares aggregating to ₹2,395.00 Crore and an offer for sale (OFS) of 1.75 Crore equity shares aggregating to ₹505.00 Crore by the existing shareholders.
The ACME Solar Holdings Limited IPO remained open for subscription from November 06, 2024, to November 08, 2024. The basis of allotment was finalized on November 11, 2024, and the company's shares were listed on the NSE and BSE on November 13, 2024.
The company had fixed the price band at ₹275 to ₹289 per share, with a lot size of 51 shares. Retail investors were required to make a minimum investment of ₹14,739 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, Nuvama Wealth Management Limited, and Motilal Oswal Investment Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, ACME Solar Holdings Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
ACME Solar Holdings Limited IPO Timeline (Tentative)
- IPO Open Date
- Wed, 06 Nov 24
- IPO Close Date
- Fri, 08 Nov 24
- Basis of Allotment
- Mon, 11 Nov 24
- Initiation of Refunds
- Tue, 12 Nov 24
- Credit of Shares to Demat
- Tue, 12 Nov 24
- Listing Date
- Wed, 13 Nov 24 — NSE & BSE
Open Date
06 November 2024
Close Date
08 November 2024
Basis Of Allotment
11 November 2024
Listing Date
13 November 2024
IPO Subscription
Check Live Subscription →The ACME Solar Holdings Limited IPO has received bids for 16,00,12,245 shares against 5,82,03,223 shares offered, resulting in an overall subscription of 2.75x. the NII category is subscribed 0.97x, Retail Investors 3.1x, Employees 1.59x, and QIBs 3.54x. Within the NII category, BNII is subscribed 0.86x, while SNII is subscribed 1.18x.
QIB
3.54x
NII
0.97x
BNII
0.86x
SNII
1.18x
RII
3.1x
EMP
1.59x
Total
2.75x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,05,09,090 shares, representing 9.97% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,15,27,272 shares (29.9%), while Non-Institutional Investors (NIIs) receive 1,57,63,636 shares (14.95%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 45,000,000 | 44.84% |
| Qualified Institutions | 31,527,272 | 29.9% |
| Non-Institutional | 15,763,636 | 14.95% |
| BNII | 10,509,091 | 9.97% |
| SNII | 5,254,545 | 4.98% |
| Retail Investors | 10,509,090 | 9.97% |
| Employees | 403,225 | 0.34% |
| Total | 103,203,223 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
ACME Solar Holdings Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 2.93 |
| Debt / Equity | 3.89 |
| RoNW % | 0.07 |
| PbW | 7.77 |
| Pat Margin % | 0.41 |
Peers Comparison
No Peer Comparision Available
About ACME Solar Holdings Limited
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.
ACME Solar Holdings Limited IPO 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%
ACME Solar Holdings Limited IPO Objective
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.
ACME Solar Holdings Limited Address / Contact Details
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
ACME Solar Holdings Limited IPO Lot Size
The ACME Solar Holdings Limited IPO has a lot size of 51 shares. Retail investors require a minimum investment of ₹14,739 by applying for 1 lot (51 shares). The maximum application allowed for the retail category is 13 lots (663 shares), requiring an investment of ₹1,91,607.
| 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 |
Issue Reservation
- Anchor Investors — 44.84%
- QIB — 29.9%
- NII — 14.95%
- RII — 9.97%
- EMP — 0.34%
Book Running Lead Managers
- ICICI Securities Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- Nuvama Wealth Management Limited
- Motilal Oswal Investment Advisors Ltd
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the ACME Solar Holdings Limited IPO?
ACME Solar Holdings Limited IPO is a Book-building IPO with a total issue size of ₹2900 crore. The ACME Solar Holdings Limited IPO price band is ₹275 to 289 per share. The ACME Solar Holdings Limited IPO subscription opens on Wed, Nov 6, 2024, and closes on Fri, Nov 8, 2024. The ACME Solar Holdings Limited IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the ACME Solar Holdings Limited IPO.
When will the ACME Solar Holdings Limited IPO open for subscription?
The ACME Solar Holdings Limited IPO opens on Wed, Nov 6, 2024 and closes on Fri, Nov 8, 2024
What is ACME Solar Holdings Limited IPO Price Band?
ACME Solar Holdings Limited IPO Price Band is ₹275 to 289 per share.
What is ACME Solar Holdings Limited IPO Lot Size?
ACME Solar Holdings Limited IPO lot size is 51 shares, Retail investors need a minimum investment of ₹14739 based on the upper price band
What is the minimum investment for ACME Solar Holdings Limited IPO?
The minimum investment for ACME Solar Holdings Limited IPO is ₹14739, based on one lot of 51 shares at the upper price band of ₹289 per share.
How to apply for ACME Solar Holdings Limited IPO?
Investors can apply for the ACME Solar Holdings Limited IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Nov 8, 2024. The application amount remains blocked until the ACME Solar Holdings Limited IPO allotment is finalized.
What is ACME Solar Holdings Limited IPO Issue Size?
ACME Solar Holdings Limited IPO issue size is ₹2900 crores.
What is the ACME Solar Holdings Limited IPO Allotment Date?
ACME Solar Holdings Limited IPO allotment date is Mon, Nov 11, 2024.
Who is the ACME Solar Holdings Limited IPO Registrar?
The registrar for ACME Solar Holdings Limited IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check ACME Solar Holdings Limited IPO allotment status, refund processing, and other IPO-related information.
What is the ACME Solar Holdings Limited IPO GMP?
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 -1.38% over the issue price.
Who is the ACME Solar Holdings Limited IPO Lead Manager?
The book-running lead managers (BRLMs) for the ACME Solar Holdings Limited IPO are ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, Nuvama Wealth Management Limited, and Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the ACME Solar Holdings Limited IPO Red Herring Prospectus (RHP).