ACME Solar Holdings Limited is a renewable energy power producer in India. The company is one of the largest producers of power using Wind and Solar energies in India.
The company specializes in developing, building, owning, operating, and maintaining large-scale renewable energy projects. We achieve this through our in-house engineering, procurement, and construction (EPC) division, as well as our operation and maintenance (O&M) team. Our revenue is generated by selling electricity to various off-takers, including entities backed by central and state governments.
As of March 31, 2024, the company had a total operational project capacity of 1,320 MW (1,802 MWp) in solar power projects. Additionally, it had an under-construction contracted project capacity of 1,650 MW, which includes 1,500 MW (2,192 MWp) in solar power projects and 150 MW in wind power projects. Furthermore, the under-construction awarded project capacity was 2,380 MW, consisting of 300 MW of solar power projects, 830 MW of hybrid power projects, and 1,250 MW of FDRE power projects.
As of March 31, 2024, the company had 214 permanent employees in various departments.
ACME Solar Holdings IPO – Details
| IPO Opening Date | 06 November 2024 |
| IPO Closing Date | 08 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 10,03,46,020 Shares Worth ₹2,900.00 Crore Fresh Issue: 8,28,71,972 Shares Worth ₹2,395.00 Crore Offer For Sale: 1,74,74,048 Shares Worth ₹505.00 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹275 – ₹289 per share |
| Market Lot | 51 Shares |
| Min Order | 51 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
ACME Solar Holdings IPO – Date Schedule
| IPO Open Date | 06 November 2024 |
| IPO Close Date | 08 November 2024 |
| Basis of Allotment | 11 November 2024 |
| Initiation of Refund | 12 November 2024 |
| Credit of Shares to Demat Account | 12 November 2024 |
| IPO Listing Date | 13 November 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 08, 2024 |
ACME Solar Holdings IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,739 |
| Retail (Max) | 13 | 663 | ₹1,91,607 |
| S-HNI (Min) | 14 | 714 | ₹2,06,346 |
| S-HNI (Max) | 67 | 3,417 | ₹9,87,513 |
| B-HNI (Min) | 68 | 3,468 | ₹10,02,252 |
Competitive Strengths
- Large renewable energy player well positioned to capitalize on strong industry tailwinds.
- End-to-end value chain capabilities and an integrated approach to developing renewable power projects by in-house project development, engineering, procurements, construction, operations and maintenance teams.
- Expansive portfolio diversified across different renewable energy technologies.
- Committed Promoters and senior management team.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 1,562.72 | 1,789.86 | 62.01 | 7,563.60 |
| 31 March 2023 | 1,361.37 | 1,416.21 | -3.17 | 8,657.34 |
| 31 March 2024 | 1,466.26 | 1,305.53 | 697.78 | 8,217.59 |
| 30 June 2024 | 340.01 | 289.76 | 1.38 | 9,319.91 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 2.93 |
| Debt/Equity | 3.89 |
| RoNW | 0.07 |
| P/BV | 7.77 |
| PAT Margin (%) | 0.41 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 13.2 | 0.09 |
| P/E (x) | 21.9 | 3147.37 |
Object Of The Issue
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Subsidiaries; and
- General corporate purposes.
ACME Solar Holdings IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Adani Green Energy Limited | 291.70 |
| 2 | 10 | ReNew Energy Global PLC | 48.80 |
ACME Solar Holdings IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 86.30% |
ACME Solar Holdings IPO Prospectus
Company Contact Information
| ACME Solar Holdings Limited Plot No. 152 Sector 44 Gurugram -22002 Phone: +91 1247117000 Email: cs.acme@acme.in Website: https://www.acmesolar.in/ |
ACME Solar Holdings IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: acmesolar.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
ACME Solar Holdings IPO Lead Manager(s)
| 1. JM Financial Limited 2. ICICI Securities Limited 3. Nuvama Wealth Management Limited 4. Motilal Oswal Investment Advisors Limited 5. Kotak Mahindra Capital Company Limited |
ACME Solar Holdings IPO FAQs
| What is ACME Solar Holdings IPO? ACME Solar Holdings IPO is a main-board IPO. The issue is priced at ₹275 to ₹289 per equity share. The IPO is to be listed on BSE & NSE. |
| When ACME Solar Holdings IPO will open? The IPO is to open on 06 November 2024 for QIB, NII, and Retail Investors. |
| What is ACME Solar Holdings IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the ACME Solar Holdings IPO? You can apply ACME Solar Holdings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the ACME Solar Holdings IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “ACME Solar Holdings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the ACME Solar Holdings IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “ACME Solar Holdings IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the ACME Solar Holdings IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “ACME Solar Holdings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the ACME Solar Holdings IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “ACME Solar Holdings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is ACME Solar Holdings IPO Size? ACME Solar Holdings IPO size is ₹2,900.00 Crore. |
| What is the ACME Solar Holdings IPO Price Band? ACME Solar Holdings IPO Price Band is ₹275 to ₹289. |
| What is ACME Solar Holdings IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 51 Shares with ₹14,739 amount while the maximum bid is 663 Shares with ₹1,91,607. |
| What is the ACME Solar Holdings IPO Allotment Date? ACME Solar Holdings IPO allotment date is 11 November 2024. |
| What is the ACME Solar Holdings IPO Listing Date? ACME Solar Holdings IPO listing date is 13 November 2024. The IPO is to be listed on BSE and NSE. |
