ACME Solar Holdings Ltd IPO opened for subscription on 6 November 2024 and will close on 8 November 2024. ACME Solar Holdings IPO is a mix of fresh issue of 8.29 crore equity shares along with an offer for sale of 1.75 crore shares amounting to ₹ 2395 crore and ₹ 505 crore respectively. The bidding date is from 6 Nov to 8 Nov 2024 while the allotment for the ACME Solar Holdings IPO is expected to be announced on Monday, 11 November 2024. ACME Solar Holdings will be listed on BSE and NSE on 13 November 2024 as announced yet.
ACME Solar Holdings IPO is an IPO of ₹ 2900 crores and the price per share has been set at ₹ 275 to ₹ 289 with a minimum ipo lot size of 51 shares for each application. The minimum investment by a retail investor has to be ₹ 14739. For sNIIs, the minimum number of lot to be purchased is 14 lots which amounts to a minimum investment of ₹ 206346, and for bNIIs, the minimum number of lots to be purchased is 68 lots or 3468 shares which amounts to ₹ 1002252.
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ACME Solar Holdings BSE NSE IPO Details
| Detail | Information |
| IPO Opening Date | November 6, 2024 |
| IPO Closing Date | November 8, 2024 |
| Tentative IPO Listing Date | November 13, 2024 |
| Face Value | ₹2 per share |
| Price Range | ₹ 275 to ₹ 289 per share |
| Lot Size | 51 shares |
| Total Issue Size | 100346022 shares (₹2900 Cr) |
| Fresh Issue | 82871973 shares (₹2395 Cr) |
| Offer For Sale | 17474049 shares (₹ 505 crore) |
| IPO Segment | Book Built Issue |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 522207910 shares |
| Shareholding Post-issue | 605079883 shares |
ACME Solar Holdings Limited| Company Overview
ACME Solar Holdings Ltd. was incorporated in June 2015, and after 9 years of operation, it is coming up with its IPO. ACME Solar is involved in electricity production from renewable sources such as solar energy, wind, and others, mainly from solar though. ACME Solar is the largest electricity producer of wind and solar energy in India currently.
The firm engages in the entire process of developing, constructing, maintaining, and operating large-scale renewable energy projects across the country. It has solid in-house engineering, procurement, and construction segments known as the EPC division in short. It also has another solid team for operations and maintenance (O&MS) team. Its main clientele includes central and state government electric plants and other projects that require a steady supply of electricity.
As per 31 March 2024 financial statements, the total operational project capacity of the firm was around 1320 MW in solar power projects. On top of that, it also has contracted and under-construction project capacity of 1650 MW and 2380 MW respectively.
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ACME Solar Holdings LimitedIPO| Key Details
- ACME Solar Holdings IPO Opening Date: November 6, 2024,
- ACME Solar Holdings IPO Closing Date: November 8, 2024,
- Allotment Date: November 11, 2024
- Price Band: ₹275 to ₹289 per share
- Lot Size: 51 shares
- Refunds Initiated: November 12, 2024
- Shares Credited to Demat: November 12, 2024
- Listing Date: November 13, 2024
ACME Solar Holdings Ltd: Financial Overview
The revenue of ACME Solar Holdings Ltd. jumped by 9.91% in FY24 on a YoY basis but the profit after tax (PAT) has increased phenomenally by 22112% during the same period. Here is the detailed financials of ACME Solar Holdings Ltd –
All figures in ₹ Crore
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change (31 Mar’23 – 31 Mar’24) | Change (%) |
| Assets | 13,394.13 | 12,186.95 | 1,207.18 | 9.91 |
| Revenue | 1,466.27 | 1,361.37 | 104.90 | 7.71 |
| Profit After Tax | 697.78 | -3.17 | 700.95 | 22112 |
| Net Worth | 2,590.87 | 1,900.56 | 690.31 | 36.32 |
| Reserves and Surplus | 1,836.43 | 1,146.12 | 690.31 | 60.23 |
| Total Borrowing | 8,217.59 | 8,657.35 | -439.76 | -5.07 |
FAQs | ACME Solar Holdings Ltd IPO
ACME Solar Holdings Ltd produces electricity from renewable energy sources mainly from solar and wind energy, and is the largest company in this sector. From the development of these projects to running and maintaining them, ACME deals in all.
The tentative IPO listing date of ACME Solar Holdings has been fixed as Wednesday, November 13, 2024.
The bidding date for the ACME Solar Holdings IPO is November 6, 2024, and it will continue until November 8, 2024.
The minimum IPO lot size for ACME Solar Holdings is 51 shares. However, sNIIs need to buy at least 14 lots while bNIIs need to buy at least 68 lots.
The IPO allotment is expected to be finalized on Monday, November 11, 2024.
The IPO face value is set at ₹2 per share.
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