IPO

ACME Solar Holdings Ltd. IPO

ACME Solar Holdings Ltd., established in 2015, operates in the Power - Transmission/Equipment sector. The company's IPO opened on November 6, 2024 and closed on November 8, 2024, with an issue price ... Read more

Min Investment
₹ 14,739 / 51 shares
Price Range
₹275 - ₹ 289
Bidding Dates
6 Nov '24 - 8 Nov '24
Total Issue Value
2,900.00 Cr
Lot Size
51
Total Issue Size
2,900.00 Cr
Listing At
BSE, NSE
Subscription
2.06 times
BSE Price
235.60 (-18.48%)
NSE Price
235.65 (-18.46%)

IPO Timeline

  • 6 Nov 2024
    Bidding Starts
  • 8 Nov 2024
    Bidding Ends
  • 11 Nov 2024
    Allotment Finalization
  • 13 Nov 2024
    Listing

About ACME Solar Holdings Ltd.

We are a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (“FDRE”) projects. We develop, build, own, operate and maintain utility scale renewable energy projects (through our in-house engineering, procurement and ... Read more

Parent organisation
Founded
ACME Solar Holdings Ltd.
2015

ACME Solar Holdings Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 4,50,00,000 (44.84%)
Employee Reserved 3,46,021 (0.34%)
Non Institutional Investors 1,50,00,000 (14.95%)
Qualified Institutional Buyers (QIBs) 3,00,00,000 (29.9%)
Retail Individual Investors (RIIs) 1,00,00,000 (9.97%)

ACME Solar Holdings Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 604.49 Cr -200.25 Cr 1,947.71 Cr
31 Mar 2023 561.30 Cr -69.69 Cr 1,528.03 Cr
31 Mar 2022 1,057.20 Cr 145.41 Cr 1,558.27 Cr

ACME Solar Holdings Ltd. Background

Major Events And Milestones
  • 2015
    Incorporation of our Company
  • 2017
    Acquisition of operational portfolio of 494 MW renewable energy plants from ACME Group by our Company, along with EPC capabilities to become a vertically integrated renewable energy power developer
    Achieved installed capacity of 1 GWp of renewable energy till December
    Expanded our presence to commission renewable energy plants across ten different states in India.
  • 2018
    Our Company developed 299.5 MWp solar power plant at Bhadla, Rajasthan
    Commissioned over 2 GWp of renewable energy
    Commissioned 50th solar energy power plant
  • 2020
    400 MW and 100 MW of solar plants sold to ACTIS and AMPLUS, respectively
  • 2021
    260 MW and 250 MW of solar plants sold to Renew and Ayana, respectively
    Refinanced the debt of certain of our Project SPVs through green bonds wherein the Project SPVs issued unlisted NCDs in Fiscal 2022 for a total amount of ₹24,855.25 million (US$ 334.00 million) including a top up debt of ₹5,029.30 million (US$ 67.58 million) to India Cleantech Energy, whose green bonds are listed on the Singapore Stock Exchange.
  • 2022
    Commissioned over 3 GWp of renewable energy
  • 2023
    Awarded with our first wind energy project of 150 MW by GUVNL
  • 2024
    369 MW of solar plants sold to Blupine
    Diversified into complex renewable energy projects with award of 570 MW of FDRE project from SJVN and 680 MW of FDRE projects from NHPC
    Awarded Hybrid/Hybrid with peak power projects of 830 MW
    Awarded Solar project of 300 MW and Solar and BESS of 350 MW
ACME Solar Holdings Ltd. Object of Issues

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

ACME Solar Holdings Ltd. IPO Listing Details
Listing Date
13 Nov 2024
BSE Script Code
ACMESOLAR
NSE Symbol
ACMESOLAR
ISIN
INE622W01025
Final Issue Price
₹ 289
ACME Solar Holdings Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 289.00 ₹ 289.00
Open ₹ 259.00 ₹ 251.00
Low ₹ 248.80 ₹ 248.50
High ₹ 279.00 ₹ 276.10
Last Trade ₹ 253.50 ₹ 253.15
ACME Solar Holdings Ltd. Company Promoters

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

Industry Overview

Renewable sources are a clean source of energy, preventing the release of pollutants into the air. While there are multiple renewable sources that can be utilised, solar, wind, small hydro, biomass, and bagasse remain key sources. (Source: CRISIL Report)

Renewable energy installations have ... Read more

ACME Solar Holdings Ltd. IPO Registrar
KFin Technologies Ltd.
Karvy Selenium, Tower B, Plot No. 31 & 31, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Ranga Reddy District Telangana - 500032
67162222
ACME Solar Holdings Ltd. IPO Lead Manager(s)
Nuvama Wealth Management Ltd.
801 - 804, Wing A, Building No 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai Maharashtra - 400051
40094400

FAQs

When does ACME Solar Holdings Ltd. IPO opens and closes?

ACME Solar Holdings Ltd. IPO opens from 6th November to 8th November 2024.

What is the size of ACME Solar Holdings Ltd. IPO?

The size of the ACME Solar Holdings Ltd. IPO is ₹2,900.00 Cr.

What is the price range of ACME Solar Holdings Ltd. IPO?

The price range of ACME Solar Holdings Ltd. IPO is at ₹275 to ₹289 per share.

What is the minimum investment and lot size required for the ACME Solar Holdings Ltd. IPO?

The minimum investment required is ₹14,739 and minimum lot size is 51 shares.

When is ACME Solar Holdings Ltd. IPO listing date?

The ACME Solar Holdings Ltd. IPO will be listed on 13th November 2024.

What is the objective of ACME Solar Holdings Ltd. IPO?

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

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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