ACME Solar Holdings IPO vs Avanse Financial Services IPO

Comparision between ACME Solar Holdings IPO and Avanse Financial Services IPO.

IPO Details

ACME Solar Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Avanse Financial Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ACME Solar Holdings IPO	Avanse Financial Services 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	Kotak Mahindra Capital Company Limited Avendus Capital Pvt Ltd J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP
Anchor Investor	Anchor Investor
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 Avanse Financial Services IPO is up to ₹3,500.00 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of Avanse Financial Services IPO is .

	ACME Solar Holdings IPO	Avanse Financial Services IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹275.00 per share
Issue Price (Upper)	₹289.00 per share
Issue Price (Final)	₹289.00 per share
Discount (Retail)
Discount (Employee)	₹27.00 per share
Market Lot Size	51 shares
Fresh Issue Size	8,28,71,973 shares
Fresh Issue Size (Amount)	up to ₹2,395.00 Cr	up to ₹1,000.00 Cr
OFS Issue Size	1,74,74,049 shares
OFS Issue Size (Amount)	up to ₹505.00 Cr	up to ₹2,500.00 Cr
Issue Size Total	10,03,46,022 shares
Issue Size Total (Amount)	up to ₹2,900.00 Cr	up to ₹3,500.00 Cr

IPO Timetable

ACME Solar Holdings IPO opens on Nov 06, 2024, while Avanse Financial Services IPO opens on . The closing date of ACME Solar Holdings IPO and Avanse Financial Services IPO is Nov 08, 2024, and , respectively.

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

Financials

ACME Solar Holdings IPO P/E ratio is 21.63, as compared to Avanse Financial Services IPO P/E ratio of .

ACME Solar Holdings IPO

Avanse Financial Services 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

Avanse Financial Services Limited Financial Information (Restated Consolidated)

Avanse Financial Services Limited's revenue increased by 75% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023
Assets	14,343.84	9,729.95
Revenue	1,728.81	990.23
Profit After Tax	342.4	157.71
Net Worth	3,676.72	2,149.72
Reserves and Surplus	3,560.38	2,040.73
Total Borrowing	10,135.25	7,210.13
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

58.38%

Promoter Shareholding (Post-Issue)

83.41%

P/E Ratio

21.63

Market Cap

₹17486.81 Cr.

ROE

2.93%

ROCE

Debt/Equity

3.89

EPS

₹13.36

RoNW

0.07%

Shares Offered

In the ACME Solar Holdings IPO retail investors (RII) are offered 1,00,00,000 shares while in Avanse Financial Services 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 in Avanse Financial Services IPO.

	ACME Solar Holdings IPO	Avanse Financial Services IPO
Anchor Investor Reserveration	4,50,00,000 shares
Market Maker Reserveration
QIB	3,00,00,000 shares
NII	1,50,00,000 shares
RII	1,00,00,000 shares
Employee	3,46,021 shares
Others
Total	5,53,46,021 shares

Bids Received (Subscription)

ACME Solar Holdings IPO subscribed 2.89x in total, whereas Avanse Financial Services IPO subscribed .

	ACME Solar Holdings IPO	Avanse Financial Services IPO
QIB (times)	3.72x
NII (times)	1.02x
Big NII (times)	0.91x
Small NII (times)	1.24x
RII (times)	3.25x
Employee (times)	1.85x
Other (times)
Total (times)	2.89x

Compare with others

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

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