ACME Solar Holdings Ltd
Price Range
₹275 - ₹289
Min. Quantity
51
Closes on
8 November 2024
Min. investment
₹14,739/663 Shares
ACME Solar Holdings Ltd IPO Timeline
ACME Solar Holdings Limited was incorporated as a Private Limited Company with the name 'ACME Solar Holdings Private Limited' on June 3, 2015. Upon the conversion of the status to Public Limited Company, the Company name got changed to 'ACME Solar Holdings Limited' on May 12, 2017 vide fresh Certificate of Incorporation on May 12, 2017 issued by the RoC. The Company further got converted into a Private Limited Company and the name was changed to 'ACME Solar Holdings Private Limited', dated July 1, 2020. Due to administrative and commercial considerations, Company once again converted from Public Limited to Private Limited on July 1, 2020. Later, the Company through a Board resolution dated May 27, 2024 was converted into a Public Limited Company and the name was changed to 'ACME Solar Holdings Limited' dated June 22, 2024 issued by the RoC to the Company.
| Event | Date |
|---|---|
| ACME Solar Holdings Ltd IPO Opening Date | 6 November 2024 |
| ACME Solar Holdings Ltd IPO Closing Date | 8 November 2024 |
| Basis of Allotment | 11 November 2024 |
| Initiation of Refunds | 12 November 2024 |
| Credit of Shares to Demat | 12 November 2024 |
| ACME Solar Holdings Ltd IPO Listing Date | 13 November 2024 |
ACME Solar Holdings Ltd IPO Details
| ACME Solar Holdings Ltd IPO Date | 6 November 2024 to 8 November 2024 |
| ACME Solar Holdings Ltd IPO Face Value | ₹2 per share |
| ACME Solar Holdings Ltd IPO Price | ₹275 to ₹289 per share |
| ACME Solar Holdings Ltd IPO Lot Size | 51 |
| Issue Size | Shares of ₹2 (aggregating up to ₹2,900 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹2395 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹505 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 3,15,27,272 of the Net Offer |
| Retail Shares Offered | Not less than 1,05,09,090 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,57,63,636 of the Net Offer |
| Company Promoters | Mamta Upadhyay, Manoj Kumar Upadhyay, Acme Cleantech Solutions Pvt L |
ACME Solar Holdings Ltd IPO Lot Size
The ACME Solar Holdings Ltd IPO lot size is 51 shares. A retail-individual investor can apply for up to 13 lots (663 shares or ₹1,91,607).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 51 | ₹14,739 |
| Maximum | 13 | 663 | ₹1,91,607 |
- Strengths
- Risks
- Opportunities
- Large renewable energy player well positioned to capitalize on strong industry tailwinds in its IPP business.
- End-to-end value chain capabilities and an integrated approach to developing renewable power projects by its in-house project development, EPC and O&M teams.
- Expansive portfolio diversified across different renewable energy technologies.
- Long-term stable cash flows based on contracts with central and state government entities.
- Access to diversified sources of funding.
- Design and value engineering leading to higher efficiencies.
- Committed Promoters and senior management team.
Company Financials
ACME Solar Holdings Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 6,090.72 | 604.49 | 419.56 |
| 03-2023 | 5,232.78 | 561.3 | -30.25 |
| 03-2022 | 4,644.96 | 1,057.2 | 145.41 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment in full or in part of certain outstanding borrowings availed by the Subsidiaries
- General corporate purposes
ACME Solar Holdings Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
ACME Solar Holdings Ltd IPO Subscription Status (Bidding Detail)
The ACME Solar Holdings Ltd IPO is subscribed 2.75 times on 8 November 2024 05:00:00 PM. The public issue subscribed 3.1 times in the retail category, 3.54 times in the QIB category, and 0.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 3.54 | 0.97 | 3.1 | 1.59 | 2.75 |
ACME Solar Holdings Ltd IPO Prospectus
ACME Solar Holdings Ltd IPO Listing Date
| Listing Date | 13 November 2024 |
| BSE Script | 544283 |
| NSE Symbol | ACMESOLAR |
| Listing In | BSE, NSE |
| ISIN | INE622W01025 |
| IPO Price | ₹289 |
| Face Value | ₹2 |
Company Contact Information
Plot No.152Sector 44,Gurugram-122002
Phone: +91 124 711 7000
Email: cs.acme@acme.in
Website: www.acmesolar.in
ACME Solar Holdings Ltd IPO Registrar
ACME Solar Holdings Ltd IPO Lead Manager(s)
- Nuvama Wealth Management Ltd
- ICICI Securities Ltd
- JM Financial Ltd
- Kotak Mahindra Capital Company Ltd
- Motilal Oswal Investment Advisors Ltd
FAQ
What is the issue size of ACME Solar Holdings Ltd IPO?
I have pre-applied for ACME Solar Holdings Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.