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.

	ACME Solar Holdings IPO	Godavari Biorefineries IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Nuvama Wealth Management Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Motilal Oswal Investment Advisors Limited	Equirus Capital Private Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

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 ₹289.00 per share 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)	₹289.00 per share	₹352.00 per share
Discount (Retail)
Discount (Employee)	₹27.00 per share
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 26, 2024
Anchor Lockin End date 2	Feb 09, 2025	Jan 25, 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 Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	13,985.14	13,394.13	12,186.95	10,887.62
Revenue	340.01	1,466.27	1,361.37	1,562.73
Profit After Tax	1.39	697.78	-3.17	62.01
Net Worth	1,942.12	2,590.87	1,900.56	1,908.76
Reserves and Surplus	1,837.68	1,836.43	1,146.12	1,154.32
Total Borrowing	9,319.91	8,217.59	8,657.35	7,563.60
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 Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,554.62	1,991.66	1,743.52	1,733.54
Revenue	525.27	1,701.06	2,023.08	1,709.98
Profit After Tax	-26.11	12.30	19.64	19.10
Net Worth	233.84	260.25	249.01	232.57
Reserves and Surplus	432.34	458.74	447.51	431.06
Total Borrowing	703.75	663.27	738.01	636.72
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

81.06%

Promoter Shareholding (Post-Issue)

83.41%

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 1,00,00,000 shares while in Godavari Biorefineries IPO retail investors are offered 1,00,00,000 shares. Qualified institutional buyers (QIB) are offered 3,00,00,000 shares in ACME Solar Holdings IPO and 31,51,989 shares in Godavari Biorefineries IPO.

	ACME Solar Holdings IPO	Godavari Biorefineries IPO
Anchor Investor Reserveration	4,50,00,000 shares	47,27,980 shares
Market Maker Reserveration
QIB	3,00,00,000 shares	31,51,989 shares
NII	1,50,00,000 shares	23,63,991 shares
RII	1,00,00,000 shares	55,15,978 shares
Employee	3,46,021 shares	0 shares
Others
Total	5,53,46,021 shares	1,10,31,958 shares

Bids Received (Subscription)

ACME Solar Holdings IPO subscribed 2.89x in total, whereas Godavari Biorefineries IPO subscribed 1.87x.

	ACME Solar Holdings IPO	Godavari Biorefineries IPO
QIB (times)	3.72x	2.76x
NII (times)	1.02x	0.93x
Big NII (times)	0.91x	0.56x
Small NII (times)	1.24x	1.68x
RII (times)	3.25x	1.76x
Employee (times)	1.85x
Other (times)
Total (times)	2.89x	1.87x

Compare with others

ACME Solar Holdings IPO	Godavari Biorefineries IPO
BlackBuck IPO	NTPC Green Energy IPO
Avanse Financial Services IPO	Niva Bupa Health Insurance IPO
NTPC Green Energy IPO	Sagility India IPO
Niva Bupa Health Insurance IPO	ACME Solar Holdings IPO
Sagility India IPO	Swiggy IPO
Swiggy IPO	Deepak Builders & Engineers IPO
Godavari Biorefineries IPO	Waaree Energies IPO
Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
Waaree Energies IPO	Afcons Infrastructure IPO
Garuda Construction and Engineering IPO	Hyundai Motor IPO

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