
ACME Solar Holdings
Mainboard₹14,739 / 51 Shares
ACME Solar Holdings IPO Details
The ACME Solar Holdings IPO price band is set between ₹275-289 per equity share, with a face value of ₹2 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 6 Nov, 2024 and closes on 8 Nov, 2024. Investors can check the allotment status on 11 Nov, 2024, while the listing date is tentatively scheduled for 13 Nov, 2024.
The total issue size is Total ₹2,900 Cr :#Fresh Issue : 82,871,972 shares, aggregating up to ₹2,395 Cr. Stay tuned for the latest ACME Solar Holdings IPO review and GMP updates.
ACME Solar Holdings IPO Review, Rating & Analysis
ACME Solar Holdings IPO Review
NO REVIEWACME Solar Holdings IPO Rating
ACME Solar Holdings IPO Highlights
IPO Date
Nov 6, 2024 - Nov 8, 2024
Listing Date
13 Nov, 2024
Face Value
₹2 Per Equity Share
Price Band
₹275-289 per equity share
Lot Size
51 Shares
Fresh Issue
82,871,972 Shares
Offer for Sale
17,474,048 shares of ₹2
Listing At
BSE, NSE
ACME Solar Holdings IPO Lot Size
The minimum market lot for ACME Solar Holdings IPO is 51 shares with an application amount of ₹14,739. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,739 |
| Retail (Max) | 13 | 663 | ₹1,91,607 |
| S-HNI (Min) | 14 | 714 | ₹2,06,346 |
| S-HNI (Max) | 67 | 3417 | ₹9,87,513 |
| B-HNI (Min) | 68 | 3468 | ₹10,02,252 |
ACME Solar Holdings IPO Timeline
Issue Price
₹275-289 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Nuvama Wealth Management LimitedICICI Securities LimitedJm Financial LimitedKotak Mahindra Capital Company LimitedMotilal Oswal Investment Advisors LimitedIssue 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)
ACME Solar Holdings IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 13394.13 | 1466.27 | 697.78 | 2590.87 | 1836.43 | 8217.59 |
| 31 Mar 23 | 12186.95 | 1361.37 | -3.17 | 1900.56 | 1146.12 | 8657.35 |
| 31 Mar 22 | 10887.62 | 1562.73 | 62.01 | 1908.76 | 1154.32 | 7563.60 |
All values are in ₹ Cr.
ACME Solar Holdings IPO Valuations
EPS Pre IPO
₹13.36/-EPS Post IPO
₹0.09/-PE Pre IPO
21.63PE Post IPO
3147.37ROE
2.93ROCE
-Debt Equity
3.89RoNW
0.07PAT Margin
0.41Price to Book Value
7.77Promoters & Share Holding
Promoter(s) Name
- Mamta Upadhyay
- Manoj Kumar Upadhyay
- ACME Cleantech Solutions Private Limited
- MKU Holdings Private Limited
- Upadhyay Family Trust
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 83.41% |
About 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 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 |
Retail:2.97x
BHNI:0.12x
SHNI:1.13x times
Company Contact Details
ACME Solar Holdings
Plot No. 152, Sector 44, Gurugram - 122002Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: acmesolar.ipo@kfintech.com
Frequently Asked Questions about ACME Solar Holdings IPO
When will ACME Solar Holdings IPO open for subscription?
The ACME Solar Holdings IPO opens on 6 Nov, 2024 and closes on 8 Nov, 2024.
What is the investors portion for ACME Solar Holdings IPO?
The investors' portion for QIB is 3.54 x, NII is 0.86 x, and Retail is 3.10 x.
How to apply for ACME Solar Holdings IPO?
You can apply for ACME Solar Holdings IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of ACME Solar Holdings IPO?
The issue size of ACME Solar Holdings IPO is approx ₹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) crores.
What is the price band of ACME Solar Holdings IPO?
The price band for ACME Solar Holdings IPO is ₹275 to ₹289 per equity share.
What is the lot size of ACME Solar Holdings IPO?
The minimum bid (lot size) for ACME Solar Holdings IPO is N/A shares with an investment of approx ₹14,739 .
What is the allotment date of ACME Solar Holdings IPO?
The allotment date for ACME Solar Holdings IPO is 11 Nov, 2024.
What is the listing date of ACME Solar Holdings IPO?
The listing date for ACME Solar Holdings IPO is expected to be 13 Nov, 2024.
What is the GMP of ACME Solar Holdings IPO?
The latest Grey Market Premium (GMP) for ACME Solar Holdings IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
