ACME Solar Holdings IPO, a Mainline IPO of ₹2900.00 Cr opens for subscription from 06-11-2024 to 08-11-2024. The IPO consists of ₹2395.00 Cr fresh issue and ₹505.00 Cr offer for sale.
The face value is Rs 2 and the price band is fixed at 275.00-289.00 per share. You can apply to the ACME Solar Holdings Mainline IPO for a minimum lot of 51 shares amounting of Rs 14739.
The tentative listing date on the exchange (BSE, NSE) is 13-11-2024.
Stay tuned with us to get more details about ACME Solar Holdings Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
ACME Solar Holdings IPO Details
| IPO Issue Opening Date: | 6th Nov 2024 |
| IPO Issue Closing Date: | 8th Nov 2024 |
| IPO Issue Price: | ₹275.00-289.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹2900.00 Cr |
| Offer for Sale: | ₹505.00 Cr |
| Fresh Issue: | ₹2395.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | Emplopee:27.00 |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 83.41% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544283 |
| NSE Code: | ACMESOLAR |
ACME Solar Holdings IPO Important Dates
Get important updates regarding ACME Solar Holdings IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 11th Nov 2024 |
| Refunds Initiation* | 12th Nov 2024 |
| Credit of Shares to Demat* | 12th Nov 2024 |
| IPO Listing Date* | 13th Nov 2024 |
* – Tentative Dates
ACME Solar Holdings IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹275.00-289.00 |
| Market Lot: | 51 Shares |
| 1 Lot Amount: | ₹14739 |
| Min Small HNI Lots(2-10 Lakh): | 714 shares (14 lots) – ₹206346 |
| Min Big HNI Lots(10+ Lakh): | 3468 shares (68 lots) – ₹1002252 |
ACME Solar Holdings IPO GMP**
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-11-2024 | 289.00 | -4 | — | ₹285 (-1.38%) | 12-Nov-2024 18:26 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
About Company – ACME Solar Holdings
ACME Solar is a renewable energy power producer in India and among the top 10 renewable energy players in India in terms of operational capacity as of March 31, 2024.
Over the years, the company has expanded its portfolio from solar power projects to an integrated renewable energy company (portfolio of solar, wind, hybrid, and firm and dispatchable renewable energy). It develops, owns, operates, and maintains renewable energy projects through its in-house engineering, procurement, and construction (EPC) division and operation and maintenance (O& M) team.
The firm has an integrated operational project capacity of 1,320 MW solar power projects; Under Construction Contracted Project capacity of 1,650 MW and under Construction Awarded Project capacity of 2,380 MW.
More than 80% of its operational and under-construction portfolio is in states like Gujarat, Rajasthan, Madhya Pradesh, Andhra Pradesh, Karnataka, and Tamil Nadu which offer more solar irradiance.
ACME Solar Holdings IPO Strengths
- Leading independent renewable energy player in India
- Strong in-house project development and execution capabilities
- Long-term stable cash flows with contracts with central and state government entities
- Experienced team of promoters and managers
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | Power Generation | ₹2900.00 Cr | https://www.acmesolar.in/ |
ACME Solar Holdings IPO Objective
The Company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”)
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and
- General corporate purposes.
Our experts can help you prepare for SME IPO
ACME Solar Holdings IPO Live Subscription (BSE, NSE)
The table below is live update of IPO bidding details from BSE, NSE.
- Qualified Institutional Buyers: 3,00,00,000 Shares (54.2%)
- Non-Institutional Investors: 1,50,00,000 Shares (27.1%)
- Small NII (SNII- Bid below ₹10L): 50,00,000 Shares (9.03%)
- Big NII (BNII- Bid above ₹10L): 1,00,00,000 Shares (18.07%)
- Retail Individual Investor: 1,00,00,000 Shares (18.07%)
- Employees Quota: 3,46,021 Shares (0.63%)
| Day | QIB | NII | SNII (Below ₹10L) | BNII(Above ₹10L) | RII | EMP | Total | |
|---|---|---|---|---|---|---|---|---|
| # of Share Offered | 3,00,00,000 | 1,50,00,000 | 50,00,000 | 1,00,00,000 | 1,00,00,000 | 3,46,021 | 5,53,46,021 | |
| Number of Lots Offered | 588235 | 294118 | 98039 | 196078 | 196078 | 6785 | 1085216 | |
| 1 | 6th Nov 2024 19:04 | 0.16x | 0.34x | 0.28x | 0.37x | 1.28x | 0.72x | 0.42x |
| 2 | 7th Nov 2024 19:04 | 0.33x | 0.59x | 0.57x | 0.60x | 2.16x | 1.16x | 0.74x |
| 3 | 8th Nov 2024 18:21 | 3.72x | 1.02x | 1.24x | 0.91x | 3.25x | 1.85x | 2.89x |
ACME Solar Holdings Limited Financial Information (Restated Consolidated)
ACME Solar Holdings Limited’s revenue increased by 7.71% and profit after tax (PAT) rose by 22084.28% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,985.14 | 13,394.13 | 12,186.95 | 10,887.62 |
| Revenue | 340.01 | 1,466.27 | 1,361.37 | 1,562.73 |
| Profit After Tax | 1.39 | 697.78 | -3.17 | 62.01 |
| Net Worth | 1,942.12 | 2,590.87 | 1,900.56 | 1,908.76 |
| Reserves and Surplus | 1,837.68 | 1,836.43 | 1,146.12 | 1,154.32 |
| Total Borrowing | 9,319.91 | 8,217.59 | 8,657.35 | 7,563.60 |
| Amount in ₹ Crore | ||||
ACME Solar Holdings IPO Peer Comparison
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| ACME Solar Holdings Limited | 12.55 | 12.55 | 49.61 | 26.93 | Consolidated | |
| Adani Green Energy Ltd | 6.21 | 6.2 | 85.86 | 291.7 | 7.22 | Consolidated |
| ReNew Energy Global PLC | 9.94 | 9.92 | 332.16 | 48.8 | 3.07 | Consolidated |
