ACME Solar IPO (ACME Solar Holdings Limited IPO)
ACME Solar IPO open for bidding on 6th November 2024 and ends on 8th November 2024.
ACME Solar Holdings Limited is a leading player in India’s renewable energy sector, primarily focusing on solar power generation. Established in 2015, the company has grown rapidly by setting up large-scale solar power plants across the country, contributing significantly to India’s clean energy goals. As of the latest data, ACME has an installed capacity that places it among the top solar power producers, with projects spread across various states.
ACME Solar’s business model involves designing, developing, and maintaining solar power plants, ensuring efficient power generation and environmental sustainability. By leveraging advanced solar technology and innovative engineering, the company is able to produce energy at a competitive cost, enhancing its market position and appeal among institutional clients.
The company’s project pipeline demonstrates its commitment to growth, with several projects in various stages of development. This pipeline is strategically aimed at capturing emerging opportunities in both domestic and international markets, driven by increasing demand for renewable energy solutions.
For more details refer to ACME Solar IPO RHP and ACME Solar IPO Pulse Score
ACME Solar IPO Details
| IPO Date | 6th November 2024 to 8th November 2024 |
| Listing Date | [●] |
| Face Value | ₹2 per share |
| Price Band | ₹275 to ₹289 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 10,32,03,223 shares (aggregating up to ₹2,900.00 Cr) |
| Fresh Issue | [●] shares (aggregating up to ₹2,395.00 Cr) |
| Offer for Sale | [●] shares of ₹2 (aggregating up to ₹505.00 Cr) |
| Employee Discount | ₹27 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 4,50,00,000(43.6%) |
| QIB | 3,15,27,272(30.5%) |
| NII | 1,57,63,636(15.3%) |
| bNII | 1,05,09,091(10.2%) |
| sNII | 52,54,545(5.1%) |
| Retail | 1,05,09,090(10.2%) |
| Employees | 4,03,225(0.4%) |
| Total | 10,32,03,223(100%) |
ACME Solar IPO Timeline
| IPO Open | 6th November 2024 |
| IPO Close | 8th November 2024 |
| Basis Of Allotment | 11th November 2024 |
| Initiation of Refunds | 12th November 2024 |
| Credit of Shares to Demat | 12th November 2024 |
| Listing Date | 13th November 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹17,486.81 Cr | P/E Ratio- Pre IPO | 21.63 |
| RoNW* | 0.07% | P/E Ratio- Post IPO | 3147.37 |
| RoCE* | P/B Ratio | 7.77 | |
| Debt to Equity | 3.89 | PAT Margin | 0.41 |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three months period ended June 30, 2024
ACME Solar IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Investment in the Subsidiaries for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and
- General corporate purposes.
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