ACME Solar Holdings IPO vs BlackBuck IPO

Comparision between ACME Solar Holdings IPO and BlackBuck IPO.

IPO Details

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

	ACME Solar Holdings IPO	BlackBuck 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	Axis Capital Limited Morgan Stanley India Company Pvt Ltd Jm Financial Limited Iifl Securities Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 BlackBuck IPO is up to ₹1,114.72 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of BlackBuck IPO is ₹273.00 per share.

	ACME Solar Holdings IPO	BlackBuck IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹275.00 per share	₹259.00 per share
Issue Price (Upper)	₹289.00 per share	₹273.00 per share
Issue Price (Final)	₹289.00 per share	₹273.00 per share
Discount (Retail)
Discount (Employee)	₹27.00 per share	₹25.00 per share
Market Lot Size	51 shares	54 shares
Fresh Issue Size	8,28,71,973 shares	2,01,46,520 shares
Fresh Issue Size (Amount)	up to ₹2,395.00 Cr	up to ₹550.00 Cr
OFS Issue Size	1,74,74,049 shares	2,06,85,800 shares
OFS Issue Size (Amount)	up to ₹505.00 Cr	up to ₹564.72 Cr
Issue Size Total	10,03,46,022 shares	4,08,32,320 shares
Issue Size Total (Amount)	up to ₹2,900.00 Cr	up to ₹1,114.72 Cr

IPO Timetable

ACME Solar Holdings IPO opens on Nov 06, 2024, while BlackBuck IPO opens on Nov 13, 2024. The closing date of ACME Solar Holdings IPO and BlackBuck IPO is Nov 08, 2024, and Nov 18, 2024, respectively.

	ACME Solar Holdings IPO	BlackBuck IPO
Anchor Bid Date	Nov 05, 2024	Nov 12, 2024
Issue Open	Nov 06, 2024	Nov 13, 2024
Issue Close	Nov 08, 2024	Nov 18, 2024
Basis Of Allotment (Tentative)	Nov 11, 2024	Nov 19, 2024
Initiation of Refunds (Tentative)	Nov 12, 2024	Nov 20, 2024
Credit of Share (Tentative)	Nov 12, 2024	Nov 20, 2024
Listing date (Tentative)	Nov 13, 2024	Nov 22, 2024
Anchor Lockin End date 1	Dec 11, 2024	Dec 19, 2024
Anchor Lockin End date 2	Feb 09, 2025	Feb 17, 2025

Financials

ACME Solar Holdings IPO P/E ratio is 21.63, as compared to BlackBuck IPO P/E ratio of -22.

ACME Solar Holdings IPO

BlackBuck 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

Zinka Logistics Solution Limited Financial Information (Restated Consolidated)

Zinka Logistics Solution Limited's revenue increased by 62.24% and profit after tax (PAT) rose by 33.24% 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	629.41	654.32	654.25	899.68
Revenue	98.33	316.51	195.09	156.13
Profit After Tax	32.38	-193.95	-290.50	-284.56
Net Worth	344.98	311.29	352.66	585.08
Reserves and Surplus	339.07	311.03	66.55	377.58
Total Borrowing	161.01	173.74	165.84	199.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

32.91%

Promoter Shareholding (Post-Issue)

83.41%

27.84%

P/E Ratio

21.63

-22

Market Cap

₹17486.81 Cr.

₹4817.81 Cr.

ROE

2.93%

9.39%%

ROCE

1.50%%

Debt/Equity

3.89

0.47

EPS

₹13.36

₹-12.41

RoNW

0.07%

9.39%%

Shares Offered

In the ACME Solar Holdings IPO retail investors (RII) are offered 1,00,00,000 shares while in BlackBuck 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 1,22,42,611 shares in BlackBuck IPO.

	ACME Solar Holdings IPO	BlackBuck IPO
Anchor Investor Reserveration	4,50,00,000 shares	1,83,63,915 shares
Market Maker Reserveration
QIB	3,00,00,000 shares	1,22,42,611 shares
NII	1,50,00,000 shares	61,21,305 shares
RII	1,00,00,000 shares	40,80,870 shares
Employee	3,46,021 shares	26,000 shares
Others
Total	5,53,46,021 shares	2,24,70,786 shares

Bids Received (Subscription)

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

	ACME Solar Holdings IPO	BlackBuck IPO
QIB (times)	3.72x	2.72x
NII (times)	1.02x	0.24x
Big NII (times)	0.91x	0.18x
Small NII (times)	1.24x	0.37x
RII (times)	3.25x	1.70x
Employee (times)	1.85x	9.86x
Other (times)
Total (times)	2.89x	1.87x

Compare with others

ACME Solar Holdings IPO	BlackBuck IPO
BlackBuck IPO	Enviro Infra Engineers IPO
Avanse Financial Services IPO	Avanse Financial Services 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
Deepak Builders & Engineers IPO
Waaree Energies IPO
Garuda Construction and Engineering IPO

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