ACME Solar Holdings IPO vs Swiggy IPO

Comparision between ACME Solar Holdings IPO and Swiggy IPO.

IPO Details

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

	ACME Solar Holdings IPO	Swiggy 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 Citigroup Global Markets India Private Limited Jefferies India Private Limited Avendus Capital Pvt Ltd J.P. Morgan India Private Limited Bofa Securities India Limited ICICI Securities 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 Swiggy IPO is up to ₹11,327.43 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of Swiggy IPO is ₹390.00 per share.

	ACME Solar Holdings IPO	Swiggy IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹275.00 per share	₹371.00 per share
Issue Price (Upper)	₹289.00 per share	₹390.00 per share
Issue Price (Final)	₹289.00 per share	₹390.00 per share
Discount (Retail)
Discount (Employee)	₹27.00 per share	₹25.00 per share
Market Lot Size	51 shares	38 shares
Fresh Issue Size	8,28,71,973 shares	11,53,58,974 shares
Fresh Issue Size (Amount)	up to ₹2,395.00 Cr	up to ₹4,499.00 Cr
OFS Issue Size	1,74,74,049 shares	17,50,87,863 shares
OFS Issue Size (Amount)	up to ₹505.00 Cr	up to ₹6,828.43 Cr
Issue Size Total	10,03,46,022 shares	29,04,46,837 shares
Issue Size Total (Amount)	up to ₹2,900.00 Cr	up to ₹11,327.43 Cr

IPO Timetable

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

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

Financials

ACME Solar Holdings IPO P/E ratio is 21.63, as compared to Swiggy IPO P/E ratio of -35.23.

ACME Solar Holdings IPO

Swiggy 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

Swiggy Limited Financial Information (Restated Consolidated)

Swiggy Limited's revenue increased by 34% and profit after tax (PAT) rose by 44% 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	10,341.24	10,529.42	11,280.65	14,405.74
Revenue	3,310.11	11,634.35	8,714.45	6,119.78
Profit After Tax	-611.01	-2,350.24	-4,179.31	-3,628.9
Net Worth	7,444.99	7,791.46	9,056.61	12,266.91
Reserves and Surplus	-7,750.85	-7,880.85	-6,510.34	-3,311.1
Total Borrowing	256.61	211.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

63.56%

Promoter Shareholding (Post-Issue)

83.41%

52.97%

P/E Ratio

21.63

-35.23

Market Cap

₹17486.81 Cr.

₹87298.60 Cr.

ROE

2.93%

ROCE

Debt/Equity

3.89

EPS

₹13.36

₹-11.07

RoNW

0.07%

-8.21%%

Shares Offered

In the ACME Solar Holdings IPO retail investors (RII) are offered 1,00,00,000 shares while in Swiggy 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 8,69,23,475 shares in Swiggy IPO.

	ACME Solar Holdings IPO	Swiggy IPO
Anchor Investor Reserveration	4,50,00,000 shares	13,03,85,211 shares
Market Maker Reserveration
QIB	3,00,00,000 shares	8,69,23,475 shares
NII	1,50,00,000 shares	4,34,61,737 shares
RII	1,00,00,000 shares	2,89,74,491 shares
Employee	3,46,021 shares	7,50,000 shares
Others
Total	5,53,46,021 shares	16,01,09,703 shares

Bids Received (Subscription)

ACME Solar Holdings IPO subscribed 2.89x in total, whereas Swiggy IPO subscribed 3.59x.

	ACME Solar Holdings IPO	Swiggy IPO
QIB (times)	3.72x	6.02x
NII (times)	1.02x	0.41x
Big NII (times)	0.91x	0.37x
Small NII (times)	1.24x	0.50x
RII (times)	3.25x	1.14x
Employee (times)	1.85x	1.65x
Other (times)
Total (times)	2.89x	3.59x

Compare with others

ACME Solar Holdings IPO	Swiggy IPO
BlackBuck 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	ACME Solar Holdings IPO
Swiggy IPO	Godavari Biorefineries IPO
Godavari Biorefineries IPO	Deepak Builders & Engineers IPO
Deepak Builders & Engineers IPO	Waaree Energies IPO
Waaree Energies IPO	Garuda Construction and Engineering IPO
Garuda Construction and Engineering IPO	Afcons Infrastructure IPO

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