ACME Solar Holdings IPO vs Sagility India IPO

Comparision between ACME Solar Holdings IPO and Sagility India IPO.

IPO Details

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

	ACME Solar Holdings IPO	Sagility India 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	ICICI Securities Limited Iifl Securities Ltd Jefferies India Private Limited J.P. Morgan India Private 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 Sagility India IPO is up to ₹2,106.60 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of Sagility India IPO is ₹30.00 per share.

	ACME Solar Holdings IPO	Sagility India IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹275.00 per share	₹28.00 per share
Issue Price (Upper)	₹289.00 per share	₹30.00 per share
Issue Price (Final)	₹289.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)	₹27.00 per share	₹2.00 per share
Market Lot Size	51 shares	500 shares
Fresh Issue Size	8,28,71,973 shares
Fresh Issue Size (Amount)	up to ₹2,395.00 Cr
OFS Issue Size	1,74,74,049 shares	70,21,99,262 shares
OFS Issue Size (Amount)	up to ₹505.00 Cr	up to ₹2,106.60 Cr
Issue Size Total	10,03,46,022 shares	70,21,99,262 shares
Issue Size Total (Amount)	up to ₹2,900.00 Cr	up to ₹2,106.60 Cr

IPO Timetable

ACME Solar Holdings IPO opens on Nov 06, 2024, while Sagility India IPO opens on Nov 05, 2024. The closing date of ACME Solar Holdings IPO and Sagility India IPO is Nov 08, 2024, and Nov 07, 2024, respectively.

	ACME Solar Holdings IPO	Sagility India IPO
Anchor Bid Date	Nov 05, 2024	Nov 04, 2024
Issue Open	Nov 06, 2024	Nov 05, 2024
Issue Close	Nov 08, 2024	Nov 07, 2024
Basis Of Allotment (Tentative)	Nov 11, 2024	Nov 08, 2024
Initiation of Refunds (Tentative)	Nov 12, 2024	Nov 08, 2024
Credit of Share (Tentative)	Nov 12, 2024	Nov 11, 2024
Listing date (Tentative)	Nov 13, 2024	Nov 12, 2024
Anchor Lockin End date 1	Dec 11, 2024	Dec 08, 2024
Anchor Lockin End date 2	Feb 09, 2025	Feb 06, 2025

Financials

ACME Solar Holdings IPO P/E ratio is 21.63, as compared to Sagility India IPO P/E ratio of 61.52.

ACME Solar Holdings IPO

Sagility India 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

Sagility India Limited Financial Information (Restated Consolidated)

Sagility India Limited's revenue increased by 13% and profit after tax (PAT) rose by 59% 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	10,388.01	10,664.2	10,590.48	10,096.28
Revenue	1,247.76	4,781.5	4,236.06	944.39
Profit After Tax	22.29	228.27	143.57	-4.67
Net Worth	7,608.16	6,443.13	6,206.67	4,026.62
Reserves and Surplus	2,704.28	1,855.44	4,013.38	2,073.8
Total Borrowing	943.91	1,933.52	2,347.94	4,239.23
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

97.39%

Promoter Shareholding (Post-Issue)

83.41%

82.39%

P/E Ratio

21.63

61.52

Market Cap

₹17486.81 Cr.

₹14043.99 Cr.

ROE

2.93%

ROCE

Debt/Equity

3.89

0.15

EPS

₹13.36

₹0.49

RoNW

0.07%

0.29%

Shares Offered

In the ACME Solar Holdings IPO retail investors (RII) are offered 1,00,00,000 shares while in Sagility India 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 21,00,89,779 shares in Sagility India IPO.

	ACME Solar Holdings IPO	Sagility India IPO
Anchor Investor Reserveration	4,50,00,000 shares	31,51,34,668 shares
Market Maker Reserveration
QIB	3,00,00,000 shares	21,00,89,779 shares
NII	1,50,00,000 shares	10,50,44,889 shares
RII	1,00,00,000 shares	7,00,29,926 shares
Employee	3,46,021 shares	19,00,000 shares
Others
Total	5,53,46,021 shares	38,70,64,594 shares

Bids Received (Subscription)

ACME Solar Holdings IPO subscribed 2.89x in total, whereas Sagility India IPO subscribed 3.20x.

	ACME Solar Holdings IPO	Sagility India IPO
QIB (times)	3.72x	3.52x
NII (times)	1.02x	1.93x
Big NII (times)	0.91x	1.69x
Small NII (times)	1.24x	2.41x
RII (times)	3.25x	4.16x
Employee (times)	1.85x	3.75x
Other (times)
Total (times)	2.89x	3.20x

Compare with others

ACME Solar Holdings IPO	Sagility India IPO
BlackBuck IPO	Enviro Infra Engineers IPO
Avanse Financial Services 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
Swiggy IPO	ACME Solar Holdings IPO
Godavari Biorefineries 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

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