ACME Solar Holdings IPO Details
The key details of ACME Solar Holdings’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹2900.00 Cr |
| Price Range | ₹275 - ₹289 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 51 |
| Investment (cut-off price) | ₹14739 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
ACME Solar Holdings IPO Timelines
The IPO process for ACME Solar Holdings includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
06/11/2024
Start Date08/11/2024
End Date12/11/2024
Refund Initiation12/11/2024
Credit of Shares to Demat Ac13/11/2024
Listing DateACME Solar Holdings IPO Lot Size
The ACME Solar Holdings IPO has a fixed lot size of 51 shares, at an upper price band of ₹289 per share, requiring ₹14,739 per lot for retail investors. Retail investors can apply for a maximum of 663 shares worth ₹191,607. For Small HNI (S-HNI), the minimum application starts at 714 shares (₹206,346) up to 3,417 shares (₹987,513), while Big HNI (B-HNI) requires a minimum of 3,468 shares amounting to ₹1,002,252.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 51 | ₹14,739 |
| Retail Maximum | 13 | 663 | ₹191,607 |
| S-HNI Minimum | 14 | 714 | ₹206,346 |
| S-HNI Maximum | 67 | 3417 | ₹987,513 |
| B-HNI Minimum | 68 | 3468 | ₹1,002,252 |
ACME Solar Holdings IPO Subscription Status
The subscription status for ACME Solar Holdings IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 3.72x | 1.02x | 3.25x | 1.85x | 2.89x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹251 | ₹253.15 | ₹276 | ₹248.50 |
ACME Solar Holdings IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹1,562.73 | ₹1,789.86 | ₹62.01 |
| FY 2023 | ₹1,361.37 | ₹1,416.21 | -₹3.17 |
| FY 2024 | ₹1,466.27 | ₹1,305.49 | ₹689.26 |
About Company
Acme Solar Holdings Limited, established in 2015, is one of India’s largest renewable energy independent power producers (IPP) and ranks among the top 10 in operational capacity as of March 31, 2024. The company has diversified its portfolio to include solar, wind, hybrid, and firm dispatchable renewable energy projects. Acme Solar develops, builds, owns, operates, and maintains utility-scale renewable energy projects through its in-house engineering, procurement, and construction (EPC) division. As of March 31, 2024, Acme Solar boasts an operational capacity of 1,320 MW in solar power and has significant under-construction projects totaling 1,650 MW.
Additionally, Acme Solar has an awarded project capacity of 2,380 MW under construction, which includes various renewable energy sources. In May 2024, the company signed power purchase agreements for two firm dispatchable renewable energy projects with a combined capacity of 570 MW. Since its inception, Acme Solar has developed and commissioned a total of 2,719 MW of solar power projects. The company generates revenue by selling electricity to government-backed entities and continues to expand its capabilities in the renewable energy sector.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Energy | Manoj Upadhyay |
Know Before Investing
ACME Solar Holdings IPO Strengths
- One of India’s largest renewable energy IPPs with 1,320 MW operational capacity.
- Extensive experience with 2,719 MW solar power projects commissioned.
- Strong project pipeline with 2,220 MW under construction contracted capacity.
- Integrated in-house EPC and O&M capabilities for efficient project execution.
- Strategic land acquisition expertise with over 15,000 acres secured.
- Diverse portfolio across solar, wind, hybrid, and FDRE technologies.
- 61.03% bid success ratio in Fiscal 2024.
ACME Solar Holdings IPO Risks
- Growth relies on winning highly competitive project bids.
- 4,030 MW under-construction projects are critical for future growth.
- Long-term PPAs with central and state entities.
- 79.37% purchases from ACME Cleantech in Fiscal 2024.
- Ongoing investigations under FEMA and PMLA.
- Concentrated revenue risk: 63.22% of revenue from Andhra Pradesh, Rajasthan, and Telangana.
- Dependence on government-owned transmission grids and infrastructure.
Swot Analysis for ACME Solar Holdings IPO
Strengths
Long term power purchase agreement with off-takers
Weaknesses
High Debt, Low profitability
Opportunities
Government initiatives
Threats
High Competition, Shift in government policies
Company Details
ACME Solar Holdings Limited
Plot No. 152, Sector 44
Gurugram -22002
Phone: +91 1247117000
Email: [email protected]
Website: https://www.acmesolar.in/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of ACME Solar Holdings IPO are:
- Full or partial repayment/prepayment of certain outstanding borrowings by subsidiaries.
- Funds allocated for general corporate needs.
Nuvama Wealth Management Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited are the book-running lead managers for the ACME Solar Holdings IPO.