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ACME Solar Holdings IPO vs Godavari Biorefineries IPO

Comparision between ACME Solar Holdings IPO and Godavari Biorefineries IPO.

IPO Details

ACME Solar Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Godavari Biorefineries IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of ACME Solar Holdings IPO is up to ₹2,900.00 Cr whereas the issue size of the Godavari Biorefineries IPO is up to ₹554.75 Cr. The final issue price of ACME Solar Holdings IPO is and of Godavari Biorefineries IPO is ₹352.00 per share.

  ACME Solar Holdings IPO Godavari Biorefineries IPO
Face Value ₹2 per share ₹10 per share
Issue Price (Lower) ₹275.00 per share ₹334.00 per share
Issue Price (Upper) ₹289.00 per share ₹352.00 per share
Issue Price (Final) ₹352.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 51 shares 42 shares
Fresh Issue Size 8,28,71,973 shares 92,32,955 shares
Fresh Issue Size (Amount) up to ₹2,395.00 Cr up to ₹325.00 Cr
OFS Issue Size 1,74,74,049 shares 65,26,983 shares
OFS Issue Size (Amount) up to ₹505.00 Cr up to ₹229.75 Cr
Issue Size Total 10,03,46,022 shares 1,57,59,938 shares
Issue Size Total (Amount) up to ₹2,900.00 Cr up to ₹554.75 Cr

IPO Timetable

ACME Solar Holdings IPO opens on Nov 06, 2024, while Godavari Biorefineries IPO opens on Oct 23, 2024. The closing date of ACME Solar Holdings IPO and Godavari Biorefineries IPO is Nov 08, 2024, and Oct 25, 2024, respectively.

  ACME Solar Holdings IPO Godavari Biorefineries IPO
Anchor Bid Date Nov 05, 2024 Oct 22, 2024
Issue Open Nov 06, 2024 Oct 23, 2024
Issue Close Nov 08, 2024 Oct 25, 2024
Basis Of Allotment (Tentative) Nov 11, 2024 Oct 28, 2024
Initiation of Refunds (Tentative) Nov 12, 2024 Oct 29, 2024
Credit of Share (Tentative) Nov 12, 2024 Oct 29, 2024
Listing date (Tentative) Nov 13, 2024 Oct 30, 2024
Anchor Lockin End date 1 Dec 11, 2024 Nov 27, 2024
Anchor Lockin End date 2 Feb 09, 2025 Jan 26, 2025

Financials

ACME Solar Holdings IPO P/E ratio is 21.63, as compared to Godavari Biorefineries IPO P/E ratio of 120.04.

  ACME Solar Holdings IPO Godavari Biorefineries IPO
Financial

ACME Solar Holdings Limited Financial Information (Restated Consolidated)

ACME Solar Holdings Limited's revenue increased by 7.71% and profit after tax (PAT) rose by 22084.28% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets13,985.1413,394.1312,186.9510,887.62
Revenue340.011,466.271,361.371,562.73
Profit After Tax1.39697.78-3.1762.01
Net Worth1,942.122,590.871,900.561,908.76
Reserves and Surplus1,837.681,836.431,146.121,154.32
Total Borrowing9,319.918,217.598,657.357,563.60
Amount in ₹ Crore

Godavari Biorefineries Limited Financial Information (Restated Consolidated)

Godavari Biorefineries Limited's revenue decreased by -15.92% and profit after tax (PAT) dropped by -37.37% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,554.621,991.661,743.521,733.54
Revenue525.271,701.062,023.081,709.98
Profit After Tax-26.1112.3019.6419.10
Net Worth233.84260.25249.01232.57
Reserves and Surplus432.34458.74447.51431.06
Total Borrowing703.75663.27738.01636.72
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100.00% 81.06%
Promoter Shareholding (Post-Issue) 63.31%
P/E Ratio 21.63 120.04
Market Cap ₹17486.81 Cr. ₹1801.39 Cr.
ROE 2.93% -11.16%%
ROCE -2.35%%
Debt/Equity 3.89 3.01
EPS ₹13.36 ₹2.93
RoNW 0.07% -11.16%%

Shares Offered

In the ACME Solar Holdings IPO retail investors (RII) are offered while in Godavari Biorefineries IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in ACME Solar Holdings IPO and 31,51,989 shares in Godavari Biorefineries IPO.

  ACME Solar Holdings IPO Godavari Biorefineries IPO
Anchor Investor Reserveration 47,27,980 shares
Market Maker Reserveration
QIB 31,51,989 shares
NII 23,63,991 shares
RII 55,15,978 shares
Employee 0 shares
Others
Total 1,10,31,958 shares

Bids Received (Subscription)

ACME Solar Holdings IPO subscribed in total, whereas Godavari Biorefineries IPO subscribed 1.87x.

  ACME Solar Holdings IPO Godavari Biorefineries IPO
QIB (times) 2.76x
NII (times) 0.93x
Big NII (times) 0.56x
Small NII (times) 1.68x
RII (times) 1.76x
Employee (times)
Other (times)
Total (times) 1.87x

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