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ACME Solar Holdings IPO is a book built issue of Rs 2,900.00 crores. The issue is a combination of fresh issue of 8.29 crore shares aggregating to Rs 2,395.00 crores and offer for sale of 1.75 crore shares aggregating to Rs 505.00 crores.
ACME Solar Holdings IPO opens for subscription on November 6, 2024 and closes on November 8, 2024. The allotment for the ACME Solar Holdings IPO is expected to be finalized on Monday, November 11, 2024. ACME Solar Holdings IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, November 13, 2024.
ACME Solar Holdings IPO price band is set at ₹275 to ₹289 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,739. The minimum lot size investment for sNII is 14 lots (714 shares), amounting to ₹206,346, and for bNII, it is 68 lots (3,468 shares), amounting to ₹1,002,252.
Nuvama Wealth Management Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the ACME Solar Holdings IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to ACME Solar Holdings IPO RHP for detailed information.
| IPO Date | November 6, 2024 to November 8, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹275 to ₹289 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 100,346,022 shares (aggregating up to ₹2,900.00 Cr) |
| Fresh Issue | 82,871,973 shares (aggregating up to ₹2,395.00 Cr) |
| Offer for Sale | 17,474,049 shares of ₹2 (aggregating up to ₹505.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 522,207,910 |
| Share holding post issue | 605,079,883 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
ACME Solar Holdings IPO opens on November 6, 2024, and closes on November 8, 2024.
| IPO Open Date | Wednesday, November 6, 2024 |
| IPO Close Date | Friday, November 8, 2024 |
| Basis of Allotment | Monday, November 11, 2024 |
| Initiation of Refunds | Tuesday, November 12, 2024 |
| Credit of Shares to Demat | Tuesday, November 12, 2024 |
| Listing Date | Wednesday, November 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2024 |
Investors can bid for a minimum of 51 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,739 |
| Retail (Max) | 13 | 663 | ₹191,607 |
| S-HNI (Min) | 14 | 714 | ₹206,346 |
| S-HNI (Max) | 67 | 3,417 | ₹987,513 |
| B-HNI (Min) | 68 | 3,468 | ₹1,002,252 |
| Lot Size Calculator | |||
The company's promoters are Mamta Upadhyay, Manoj Kumar Upadhyay, ACME Cleantech Solutions Private Limited, MKU Holdings Private Limited, and Upadhyay Family Trust.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated In June 2015, Acme ACME Solar Holdings Limited is an Indian electricity producer from renewable energy sources. The company is one of the largest producers of electricity from wind and solar energy in India.
The company specializes in the development, construction, ownership, operation and maintenance of large-scale renewable energy projects. The company achieves this through its in-house engineering, procurement and construction (EPC) division and operations and maintenance (O&M) team. The company's revenue is generated by selling electricity to various customers, including plants supported by the central and state governments.
As of March 31, 2024, the company had a total operational project capacity of 1,320 MW (1,802 MWp) in solar power projects. In addition, it had a contracted project capacity of 1,650 MW, comprising 1,500 MW (2,192 MWp) of solar power projects and 150 MW of wind power projects. In addition, the awarded project capacity under construction amounted to 2,380 MW, consisting of 300 MW of solar power projects, 830 MW of hybrid power projects and 1,250 MW of FDRE power projects.
Competitive strengths
As of March 31, 2024, the company had 214 permanent employees in various departments.
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 | ||||
The market capitalization of ACME Solar Holdings IPO is Rs 17486.81 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 2.93 |
| Debt/Equity | 3.89 |
| RoNW | 0.07 |
| P/BV | 7.77 |
| PAT Margin (%) | 0.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.36 | 0.09 |
| P/E (x) | 21.63 | 3147.37 |
ACME Solar Holdings Limited
Plot No. 152
Sector 44
Gurugram - 122002
Phone: +91 1247117000
Email: cs.acme@acme.in
Website: https://www.acmesolar.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: acmesolar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
ACME Solar Holdings IPO is a main-board IPO of 100,346,022 equity shares of the face value of ₹2 aggregating up to ₹2,900.00 Crores. The issue is priced at ₹275 to ₹289 per share. The minimum order quantity is 51 Shares.
The IPO opens on November 6, 2024, and closes on November 8, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in ACME Solar Holdings IPO using UPI as a payment gateway. Zerodha customers can apply in ACME Solar Holdings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ACME Solar Holdings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ACME Solar Holdings IPO opens on November 6, 2024 and closes on November 8, 2024.
ACME Solar Holdings IPO lot size is 51 Shares, and the minimum amount required is ₹14,739.
You can apply in ACME Solar Holdings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ACME Solar Holdings IPO will be done on Monday, November 11, 2024, and the allotted shares will be credited to your demat account by Tuesday, November 12, 2024. Check the ACME Solar Holdings IPO allotment status.
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