ACME Solar Holdings

ACME Solar Holdings

Mainboard

₹14,739 / 51 Shares

Offer Date:Nov 6, 2024 - Nov 8, 2024
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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

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ACME 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.

ApplicationLotsSharesAmount
Retail (Min)151₹14,739
Retail (Max)13663₹1,91,607
S-HNI (Min)14714₹2,06,346
S-HNI (Max)673417₹9,87,513
B-HNI (Min)683468₹10,02,252

ACME Solar Holdings IPO Timeline

IPO Open Date
6 Nov, 2024
IPO Close Date
8 Nov, 2024
Basis of Allotment
11 Nov, 2024
Listing Date
13 Nov, 2024

Issue Price

₹275-289 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Lead Manager

Nuvama Wealth Management LimitedICICI Securities LimitedJm Financial LimitedKotak Mahindra Capital Company LimitedMotilal 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)

ACME Solar Holdings IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 2413394.131466.27697.782590.871836.438217.59
31 Mar 2312186.951361.37-3.171900.561146.128657.35
31 Mar 2210887.621562.7362.011908.761154.327563.60

All values are in ₹ Cr.

ACME Solar Holdings IPO Valuations

EPS Pre IPO

₹13.36/-

EPS Post IPO

₹0.09/-

PE Pre IPO

21.63

PE Post IPO

3147.37

ROE

2.93

ROCE

-

Debt Equity

3.89

RoNW

0.07

PAT Margin

0.41

Price to Book Value

7.77

Promoters & 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 IssueShare 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.

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ACME Solar Holdings IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved30,000,000
15,000,000

10,000,000    5,000,000
10,000,00055,346,021
Day 1 -06-11-24 05:00 PM
0.15 x
0.32

0.35 x   0.26 x
1.19 x0.39 x
Day 2 -07-11-24 05:00 PM
0.31 x
0.56

0.58 x   0.54 x
2.04 x0.70 x
Day 3 -08-11-24 05:00 PM
3.54 x
0.97

0.86 x   1.18 x
3.10 x2.75 x
Total No. of Applications:6,00,124 (Approx)
Retail Subscription:

Retail:2.97x

BHNI:0.12x

SHNI:1.13x times

Company Contact Details

ACME Solar Holdings

Plot No. 152, Sector 44, Gurugram - 122002

Phone: +91 1247117000

Email: cs.acme@acme.in

Website: https://www.acmesolar.in/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: acmesolar.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

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.

PD

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.

ACME Solar Holdings IPO Date, Review, Price, Allotment Details, GMP | IPOROCK