ACME Solar Holdings IPO vs NTPC Green Energy IPO

Comparision between ACME Solar Holdings IPO and NTPC Green Energy IPO.

IPO Details

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

	ACME Solar Holdings IPO	NTPC Green Energy 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	Idbi Capital Market Services Limited Hdfc Bank Limited Iifl Securities Ltd Nuvama Wealth Management 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

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 NTPC Green Energy IPO is up to ₹10,000.00 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of NTPC Green Energy IPO is ₹108.00 per share.

	ACME Solar Holdings IPO	NTPC Green Energy IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹275.00 per share	₹102.00 per share
Issue Price (Upper)	₹289.00 per share	₹108.00 per share
Issue Price (Final)	₹289.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)	₹27.00 per share	₹5.00 per share
Market Lot Size	51 shares	138 shares
Fresh Issue Size	8,28,71,973 shares	92,59,25,926 shares
Fresh Issue Size (Amount)	up to ₹2,395.00 Cr	up to ₹10,000.00 Cr
OFS Issue Size	1,74,74,049 shares
OFS Issue Size (Amount)	up to ₹505.00 Cr
Issue Size Total	10,03,46,022 shares	92,59,25,926 shares
Issue Size Total (Amount)	up to ₹2,900.00 Cr	up to ₹10,000.00 Cr

IPO Timetable

ACME Solar Holdings IPO opens on Nov 06, 2024, while NTPC Green Energy IPO opens on Nov 19, 2024. The closing date of ACME Solar Holdings IPO and NTPC Green Energy IPO is Nov 08, 2024, and Nov 22, 2024, respectively.

	ACME Solar Holdings IPO	NTPC Green Energy IPO
Anchor Bid Date	Nov 05, 2024	Nov 18, 2024
Issue Open	Nov 06, 2024	Nov 19, 2024
Issue Close	Nov 08, 2024	Nov 22, 2024
Basis Of Allotment (Tentative)	Nov 11, 2024	Nov 25, 2024
Initiation of Refunds (Tentative)	Nov 12, 2024	Nov 26, 2024
Credit of Share (Tentative)	Nov 12, 2024	Nov 26, 2024
Listing date (Tentative)	Nov 13, 2024	Nov 27, 2024
Anchor Lockin End date 1	Dec 11, 2024	Dec 25, 2024
Anchor Lockin End date 2	Feb 09, 2025	Feb 23, 2025

Financials

ACME Solar Holdings IPO P/E ratio is 21.63, as compared to NTPC Green Energy IPO P/E ratio of 234.97.

ACME Solar Holdings IPO

NTPC Green Energy 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

NTPC Green Energy Limited Financial Information (Restated Consolidated)

NTPC Green Energy Limited's revenue increased by 1094.19% and profit after tax (PAT) rose by 101.32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023
Assets	32,408.30	27,206.42	18,431.40
Revenue	1,132.74	2,037.66	170.63
Profit After Tax	175.30	344.72	171.23
Net Worth	8,189.18	6,232.14
Reserves and Surplus	596.08	512.60	167.88
Total Borrowing	17,057.50	12,796.74
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

83.41%

89.01%

P/E Ratio

21.63

234.97

Market Cap

₹17486.81 Cr.

₹91000.00 Cr.

ROE

2.93%

7.39%%

ROCE

Debt/Equity

3.89

1.91

EPS

₹13.36

₹0.46

RoNW

0.07%

2.14%%

Shares Offered

In the ACME Solar Holdings IPO retail investors (RII) are offered 1,00,00,000 shares while in NTPC Green Energy 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 24,44,44,445 shares in NTPC Green Energy IPO.

	ACME Solar Holdings IPO	NTPC Green Energy IPO
Anchor Investor Reserveration	4,50,00,000 shares	36,66,66,666 shares
Market Maker Reserveration
QIB	3,00,00,000 shares	24,44,44,445 shares
NII	1,50,00,000 shares	12,22,22,222 shares
RII	1,00,00,000 shares	8,14,81,481 shares
Employee	3,46,021 shares	1,94,17,476 shares
Others
Total	5,53,46,021 shares	56,01,58,217 shares

Bids Received (Subscription)

ACME Solar Holdings IPO subscribed 2.89x in total, whereas NTPC Green Energy IPO subscribed 2.55x.

	ACME Solar Holdings IPO	NTPC Green Energy IPO
QIB (times)	3.72x	3.51x
NII (times)	1.02x	0.85x
Big NII (times)	0.91x	0.60x
Small NII (times)	1.24x	1.36x
RII (times)	3.25x	3.59x
Employee (times)	1.85x	0.83x
Other (times)		1.67x
Total (times)	2.89x	2.55x

Compare with others

ACME Solar Holdings IPO	NTPC Green Energy IPO
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Avanse Financial Services IPO	BlackBuck IPO
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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	Godavari Biorefineries IPO
Waaree Energies IPO
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