ACME Solar Holdings IPO vs Niva Bupa Health Insurance IPO

Comparision between ACME Solar Holdings IPO and Niva Bupa Health Insurance IPO.

IPO Details

ACME Solar Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Niva Bupa Health Insurance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ACME Solar Holdings IPO	Niva Bupa Health Insurance 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 Morgan Stanley India Company Pvt Ltd Kotak Mahindra Capital Company Limited Axis Capital Limited Hdfc Bank Limited Motilal Oswal Investment Advisors Limited
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 Niva Bupa Health Insurance IPO is up to ₹2,200.00 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of Niva Bupa Health Insurance IPO is ₹74.00 per share.

	ACME Solar Holdings IPO	Niva Bupa Health Insurance IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹275.00 per share	₹70.00 per share
Issue Price (Upper)	₹289.00 per share	₹74.00 per share
Issue Price (Final)	₹289.00 per share	₹74.00 per share
Discount (Retail)
Discount (Employee)	₹27.00 per share
Market Lot Size	51 shares	200 shares
Fresh Issue Size	8,28,71,973 shares	10,81,08,108 shares
Fresh Issue Size (Amount)	up to ₹2,395.00 Cr	up to ₹800.00 Cr
OFS Issue Size	1,74,74,049 shares	18,91,89,189 shares
OFS Issue Size (Amount)	up to ₹505.00 Cr	up to ₹1,400.00 Cr
Issue Size Total	10,03,46,022 shares	29,72,97,297 shares
Issue Size Total (Amount)	up to ₹2,900.00 Cr	up to ₹2,200.00 Cr

IPO Timetable

ACME Solar Holdings IPO opens on Nov 06, 2024, while Niva Bupa Health Insurance IPO opens on Nov 07, 2024. The closing date of ACME Solar Holdings IPO and Niva Bupa Health Insurance IPO is Nov 08, 2024, and Nov 11, 2024, respectively.

	ACME Solar Holdings IPO	Niva Bupa Health Insurance IPO
Anchor Bid Date	Nov 05, 2024	Nov 06, 2024
Issue Open	Nov 06, 2024	Nov 07, 2024
Issue Close	Nov 08, 2024	Nov 11, 2024
Basis Of Allotment (Tentative)	Nov 11, 2024	Nov 12, 2024
Initiation of Refunds (Tentative)	Nov 12, 2024	Nov 13, 2024
Credit of Share (Tentative)	Nov 12, 2024	Nov 13, 2024
Listing date (Tentative)	Nov 13, 2024	Nov 14, 2024
Anchor Lockin End date 1	Dec 11, 2024	Dec 12, 2024
Anchor Lockin End date 2	Feb 09, 2025	Feb 10, 2025

Financials

ACME Solar Holdings IPO P/E ratio is 21.63, as compared to Niva Bupa Health Insurance IPO P/E ratio of 153.7.

ACME Solar Holdings IPO

Niva Bupa Health Insurance 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

Niva Bupa Health Insurance Company Limited Financial Information (Restated)

Niva Bupa Health Insurance Company Limited's revenue increased by 44.05% and profit after tax (PAT) rose by 552.73% 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	6,542.06	6,191.87	3,876.57	2,738.44
Revenue	1,124.90	4,118.63	2,859.24	1,884.54
Profit After Tax	-18.82	81.85	12.54	-196.53
Net Worth	2,031.77	2,049.59	831.12	507.65
Reserves and Surplus	1,282.44	1,282.02	334.26	125.40
Total Borrowing	250.00	250.00	250.00	250.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

88.98%

Promoter Shareholding (Post-Issue)

83.41%

73.37%

P/E Ratio

21.63

153.7

Market Cap

₹17486.81 Cr.

₹13380.91 Cr.

ROE

2.93%

ROCE

Debt/Equity

3.89

0.12

EPS

₹13.36

₹0.48

RoNW

0.07%

-0.92%

Shares Offered

In the ACME Solar Holdings IPO retail investors (RII) are offered 1,00,00,000 shares while in Niva Bupa Health Insurance 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 8,91,89,190 shares in Niva Bupa Health Insurance IPO.

	ACME Solar Holdings IPO	Niva Bupa Health Insurance IPO
Anchor Investor Reserveration	4,50,00,000 shares	13,37,83,783 shares
Market Maker Reserveration
QIB	3,00,00,000 shares	8,91,89,190 shares
NII	1,50,00,000 shares	4,45,94,595 shares
RII	1,00,00,000 shares	2,97,29,730 shares
Employee	3,46,021 shares	0 shares
Others
Total	5,53,46,021 shares	16,35,13,515 shares

Bids Received (Subscription)

ACME Solar Holdings IPO subscribed 2.89x in total, whereas Niva Bupa Health Insurance IPO subscribed 1.90x.

	ACME Solar Holdings IPO	Niva Bupa Health Insurance IPO
QIB (times)	3.72x	2.17x
NII (times)	1.02x	0.71x
Big NII (times)	0.91x	0.70x
Small NII (times)	1.24x	0.74x
RII (times)	3.25x	2.88x
Employee (times)	1.85x
Other (times)
Total (times)	2.89x	1.90x

Compare with others

ACME Solar Holdings IPO	Niva Bupa Health Insurance 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	Sagility India 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

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