IPO

ACME Solar Holdings Limited IPO

Mainboard

Holding Company

Listed On: Nov 13, 2024 at ₹ 251.0(NSE)

₹ 14739 /51 Shares

Check Allotment

Price Summary

Last Closing

263.95 (-8.67%)

52 Week High

276.85

52 Week Low

227.85

Last Update

19-Nov-2024 3:30 PM

ACME Solar Holdings IPO Details

06 Nov, 2024

Open Date

08 Nov, 2024

Close Date

11 Nov, 2024

Allotment Date

13 Nov, 2024

Listing Date

Issue Price

₹275-289 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

251.0(NSE)

Listing Date

2024-11-13

Market Lot

Retail : 51 Shares (₹14,739/-)
S-HNI : 714 Shares (₹2,06,346/-)
B-HNI : 3,468 Shares (₹10,02,252/-)

Lead Manager

Nuvama Wealth Management Limited
ICICI Securities Limited
Jm Financial Limited
Kotak Mahindra Capital Company Limited
Motilal 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)

Retail Portion

10% (Number of Retail Applications: 1,96,708 Approx),
(Number of S-HNI Applications : 7,003 Approx),
(Number of B-HNI Applications : 14,006 Approx)

Subscription

2.75 times

IPO Docs

DRHP RHP ANCHOR

ACME Solar Holdings IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved30,000,00015,000,000
10,000,000    5,000,000		10,000,00055,346,021
Day 1 - 06-11-24 05:00 PM0.15 x0.32
0.35 x   0.26 x		1.19 x0.39 x
Day 2 - 07-11-24 05:00 PM0.31 x0.56
0.58 x   0.54 x		2.04 x0.70 x
Day 3 - 08-11-24 05:00 PM3.54 x0.97
0.86 x   1.18 x		3.10 x2.75 x
Total No. of Applications: 6,00,124 (Approx)
Retail Subscription on the basis of Applications: Retail:2.97x BHNI:0.12x SHNI:1.13x times

ACME Solar Holdings Valuations

Earnings Per Share (EPS)

₹N/A/-

P/E Ratio

N/A

RoNW

N/A%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

ACME Solar Holdings Company Financials All values are in ₹ Cr.

31-Mar-2431-Mar-2331-Mar-22
Assets13,394.1312,186.9510,887.62
Revenue1,466.271,361.371,562.73
Profit After Tax697.78-3.1762.01
Net Worth2,590.871,900.561,908.76
Reserves & Surplus1,836.431,146.121,154.32
Total Borrowing8,217.598,657.357,563.60

About The 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 - Strength and Weakness

Strength

One of India's largest renewable energy IPPs with 1,320 MW operational capacity.

Strong project pipeline with 2,220 MW under construction contracted capacity.

Diverse portfolio across solar, wind, hybrid, and FDRE technologies.

Weakness

Concentrated revenue risk: 63.22% of revenue from Andhra Pradesh, Rajasthan, and Telangana.

Dependence on government-owned transmission grids and infrastructure.

Growth relies on winning highly competitive project bids.

ACME Solar Holdings - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

  1. Mamta Upadhyay
  2. Manoj Kumar Upadhyay
  3. ACME Cleantech Solutions Private Limited
  4. MKU Holdings Private Limited
  5. Upadhyay Family Trust

ACME Solar Holdings IPO - Issue Objectives

  1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Subsidiaries
  2. General corporate purposes.

ACME Solar Holdings IPO - Anchor Investors

ACME Solar Holdings mobilises Rs 1,301 crore from anchor investors, Rs 2900-crore IPO .

Marquee institutional investors like Abu Dhabi Investment Authority, Goldman Sachs, Morgan Stanley, Nomura, Societe Generale, HSBC Global, BNP Paribas Funds, CLSA Global, Prudential Hong Kong, Eastspring Investments, Oaks Emerging Umbrella Funds Plc, Lion Global, Great Eastern Life, Copthall Mauritius, Susquehanna Pacific, Citigroup, and Integrated Core Strategies invested in ACME shares.

Nippon Life India, HDFC Mutual Fund, ICICI Prudential MF, Mirae Asset, Tata Mutual Fund, SBI Life Insurance, ICICI Prudential Life, Bandhan MF, Manulife, Invesco India, Baroda BNP Paribas, SBI General Insurance, Abakkus Diversified Alpha Fund, Kotak Mahindra Life, and Edelweiss Life are among the other participants in the anchor book.

Other Details

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/

ACME Solar Holdings IPO - FAQs

Ans. ACME Solar Holdings Limited IPO is a Mainboard IPO. The issue is priced at ₹275-289 per equity share. The minimum order quantity is 51 Shares. The IPO opens on Nov 6, 2024, and closes on Nov 8, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The ACME Solar Holdings Limited IPO opens on Nov 6, 2024 and closes on Nov 8, 2024.

Ans. The size of ACME Solar Holdings Limited IPO is 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).

Ans. The IPO price band is set between ₹275-289 per equity share.

Ans. To apply for ACME Solar Holdings Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find ACME Solar Holdings Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of ACME Solar Holdings Limited IPO is Nov 11, 2024.

Ans. The ACME Solar Holdings Limited IPO will be listed on Nov 13, 2024.

Ans. Follow the steps to check the allotment status for ACME Solar Holdings Limited IPO here.