ACME Solar Holdings IPO

ACME Solar Holdings IPO 2024 Date, Price, GMP, Review, Details

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The ACME Solar Holdings Limited IPO is set to take place from November 6 to November 8, 2024, aiming to raise ₹2,900 crores. This book-built issue includes a fresh issue of approximately 8.29 crore shares valued at ₹2,395 crores, along with an offer for sale comprising 1.75 crore shares, aggregating to ₹505 crores. With a price band established between ₹275 and ₹289 per share, the IPO is anticipated to attract significant interest from both retail and institutional investors.

ACME Solar Holdings IPO 2024

As one of India’s leading renewable energy companies, ACME Solar Holdings focuses on solar and wind power projects. The firm has seen substantial growth, backed by a strong operational capacity and a diverse project portfolio. The IPO will allow the company to bolster its financial standing, repay certain borrowings, and support general corporate purposes, furthering its mission in the renewable energy sector.

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ACME Solar Holdings IPO Basic Information

Attribute
Information
IPO Date
November 6, 2024 to November 8, 2024
Total Issue Size
₹2,900 crores
Fresh Issue
8.29 crore shares (₹2,395 crores)
Offer for Sale
1.75 crore shares (₹505 crores)

ACME Solar Holdings IPO Timeline

Event
Date
IPO Open Date
November 6, 2024
IPO Close Date
November 8, 2024
Basis of Allotment
November 11, 2024
Credit of Shares
November 12, 2024
Listing Date
November 13, 2024

Price Band and Lot Size

Attribute
Value
Price Band
₹275 to ₹289 per share
Minimum Lot Size
51 Shares
Minimum Investment
₹14,739

Investor Category Allocation

Investor Category
Shares Offered
QIB Shares Offered
Not less than 75% of the Net Issue
Retail Shares Offered
Not more than 10% of the Net Issue
NII (HNI) Shares Offered
Not more than 15% of the Net Issue

Lot Size Investment

Category
Lots
Shares
Amount
Retail (Minimum)
1
51
₹14,739
Retail (Maximum)
13
663
₹191,607
S-HNI (Minimum)
14
714
₹206,346
B-HNI (Minimum)
68
3,468
₹1,002,252

Financial Overview

Financial Year
Revenue (₹ Crores)
Profit After Tax (₹ Crores)
FY 2022
1,562.73
62.01
FY 2023
1,361.37
-3.17
FY 2024
1,466.27
697.78

Key Performance Indicators

KPI
Value
Market Capitalization
₹17,486.81 crores
ROE
2.93%
Debt/Equity
3.89
PAT Margin (%)
0.41%

Objectives of the Issue

Objective
Description
Repayment of Borrowings
To reduce outstanding borrowings
General Corporate Purposes
To support ongoing business activities

Contact Information

Entity
Contact Details
ACME Solar Holdings
Gurugram, Plot No. 152, Sector 44, 122002
Phone
+91 1247117000
Email
[email protected]

Registrar Information

Entity
Contact Details
Kfin Technologies
Phone: 04067162222, 04079611000
Email
[email protected]

Lead Managers

Lead Manager
Performance Summary
Nuvama Wealth Management
Past IPO Performance
ICICI Securities
Past IPO Performance
JM Financial
Past IPO Performance
Kotak Mahindra Capital
Past IPO Performance

ACME Solar Holdings IPO Promoter Holding

Promoter
Shareholding Pre-Issue
Mamta Upadhyay
100%
Manoj Kumar Upadhyay
100%
ACME Cleantech
100%

Peer Comparison

Metric
ACME Solar Holdings IPO
Peer Comparison
EPS (Pre IPO)
13.36
Varies
P/E (Pre IPO)
21.63
Varies

ACME Solar Holdings IPO Summary

The ACME Solar Holdings IPO presents a significant opportunity for investors looking to engage with one of India’s largest renewable energy firms. With a robust financial track record and ambitious growth plans, the company aims to strengthen its position in the market. The IPO’s structured approach, including a fresh issue and an offer for sale, reflects ACME’s strategy for sustainable development and corporate growth.

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