ACME Solar IPO Date, Price, Lot, Allotment Details

ACME Solar Holdings IPO open date is November 6 and the IPO will close on November 8, 2024. ACME Solar Holdings IPO is a Book Built Issue. The company to raise around ₹2,900 crores via IPO that comprises fresh issue of ₹2,395 crores and offer for sale up to 17,474,049 equity shares with face value of ₹2 each.

ACME Solar Holdings IPO price band is ₹275 to ₹289 per share. The retail quota is 10%, QIB is 75%, and HNI is 15%. ACME Solar Holdings IPO to list on BSE and NSE on November 13, 2024. The allotment of ACME Solar Holdings IPO date is November 11, 2024.

The company reported revenue of ₹1,466.27 crores in 2024 against ₹1,361.37 crore in 2023. The company reported profit of ₹689.26 crores in 2024 against loss of ₹3.17 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

ACME Solar Holdings IPO

ACME Solar Holdings IPO Details

IPO Open Date:November 6, 2024
IPO Close Date:November 8, 2024
Face Value:₹2 Per Equity Share
IPO Price Band:₹275 to ₹289 Per Share
Issue Size:Approx ₹2,900 Crores
Fresh Issue:Approx ₹2,395 Crores
Offer for Sale:Approx ₹505 Crores, 17,474,049 Equity Shares
Issue Type:Book Built Issue
IPO Listing:BSE & NSE
Retail Quota:Not more than 10%
QIB Quota:Not more than 75%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

ACME Solar Holdings IPO Market Lot

The ACME Solar Holdings IPO minimum market lot is 51 shares with ₹14,739 application amount. The retail investors can apply up-to 13 lots with 663 shares or ₹191,607 amount.

ApplicationLot SizeSharesAmount
Retail Minimum151₹14,739
Retail Maximum13663₹191,607
S-HNI Minimum14714206,346
B-HNI Minimum683,468₹1,002,252

ACME Solar Holdings IPO Dates

The ACME Solar Holdings IPO date is November 6 and the close date is November 8. The ACME Solar Holdings IPO allotment will be finalized on November 11 and the IPO listing on November 13.

IPO Open Date:November 6, 2024
IPO Close Date:November 8, 2024
Basis of Allotment:November 11, 2024
Refunds:November 12, 2024
Credit to Demat Account:November 12, 2024
IPO Listing Date:November 13, 2024

Promoters of ACME Solar Holdings IPO

The promoters of the company are Mamta Upadhyay, Manoj Kumar Upadhyay, ACME Cleantech Solutions Private Limited, MKU Holdings Private Limited, and Upadhyay Family Trust.

About ACME Solar Holdings IPO

ACME Solar is a substantial renewable energy power producer among the top 10 renewable energy businesses and was incorporated in 2008. It has a goal to provide sustainable green energy at affordable rates and manage resourceful projects. ACME Solar Holdings Limited is a key player in India’s renewable energy movement, successfully commissioning 3,668 MWp of solar power across 12 states. Solar power projects offer a wider range of services, from project development and financing to construction and operation. Further, the revenue of this company has increased from the previous year’s (1,361.37)CR to 1,466.27 CR, moreover, the profit of FY year is 689.26, while 3.17% was for 2023.

ACME Solar Holdings IPO Company Financial Report

The company reported revenue of ₹1,466.27 crores in 2024 against ₹1,361.37 crore in 2023. The company reported profit of ₹689.26 crores in 2024 against loss of ₹3.17 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹1,562.73₹1,789.86₹62.01₹10,887.62
2023₹1,361.37₹1,416.21₹3.17₹12,186.95
2024₹1,466.27₹1,305.49₹689.26₹13,394.13

ACME Solar Holdings IPO Valuation – FY2024

Check ACME Solar Holdings IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:38.84%
ROCE:[.]%
EBITDA Margin:82.56%
PAT Margin:47.62%
Debt to equity ratio:2.66
Earning Per Share (EPS):₹12.55 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):26.95%
Net Asset Value (NAV):₹49.62

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Adani Green Energy Limited6.21289.97.1985.869,220 Cr.
ReNew Energy Global PLC9.9455.33.07332.168,194.8 Cr.

Objects 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 Review

  • Canara Bank –
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  • Emkay Global –
  • Hem Securities –
  • IDBI Capital –
  • Marwadi Shares –
  • Nirmal Bang –
  • SBICAP Securities –
  • Sharekhan –
  • SMC Global –
  • Sushil Finance –
  • Swastika Investmart –
  • Ventura Securities –
  • Geojit –
  • Reliance Securities –
  • Capital Market –
  • BP Wealth –
  • ICICIdirect –
  • Choice Broking –

ACME Solar Holdings IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

IPO Lead Managers aka Merchant Bankers

  • Nuvama Wealth Management Limited
  • ICICI Securities Limited
  • Jm Financial Limited
  • Kotak Mahindra Capital Company Limited
  • Motilal Oswal Investment Advisors Limited

Company Address

ACME Solar Holdings Limited
Plot No. 152
Sector 44
Gurugram -22002
Phone: +91 1247117000
Email: [email protected]
Website: https://www.acmesolar.in/

ACME Solar Holdings IPO FAQs

What is ACME Solar Holdings IPO?

ACME Solar Holdings IPO is a main-board IPO. The company is going to raise ₹2,900 Crores via 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 for subscription?

The IPO is to open on November 6, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 8, 2024.

What is ACME Solar Holdings IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the ACME Solar Holdings IPO?

You can apply for 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.

What is ACME Solar Holdings IPO Issue Size?

ACME Solar Holdings IPO issue size is ₹2900 crores.

What is ACME Solar Holdings IPO Price Band?

ACME Solar Holdings IPO Price Band is ₹275 to ₹289.

What is ACME Solar Holdings IPO Lot Size?

The minimum bid is 51 Shares with ₹14,739 amount.

What is the ACME Solar Holdings IPO Allotment Date?

ACME Solar Holdings IPO allotment date is November 11, 2024.

What is the ACME Solar Holdings IPO Listing Date?

ACME Solar Holdings IPO listing date is November 13, 2024. The IPO is to list on BSE & NSE.

Note: The ACME Solar Holdings IPO price band and date are officially announced. The (ACME Solar Holdings IPO grey market premium) will be added to the IPO GMP page as it will start).
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