Comparison between ACME Solar Holdings IPO and Waaree Energies IPO.
ACME Solar Holdings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Waaree Energies IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of ACME Solar Holdings IPO is up to ₹2,900.00 Cr whereas the issue size of the Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of ACME Solar Holdings IPO is ₹289.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.
| ACME Solar Holdings IPO | Waaree Energies IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹275.00 per share | ₹1,427.00 per share |
| Issue Price (Upper) | ₹289.00 per share | ₹1,503.00 per share |
| Issue Price (Final) | ₹289.00 per share | ₹1,503.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹27.00 per share | ₹0.00 per share |
| Market Lot Size | 51 shares | 9 shares |
| Fresh Issue Size | 8,28,79,871 shares | 2,39,52,095 shares |
| Fresh Issue Size (Amount) | up to ₹2,395.04 Cr | up to ₹3,600.00 Cr |
| OFS Issue Size | 1,74,74,048 shares | 48,00,000 shares |
| OFS Issue Size (Amount) | up to ₹504.96 Cr | up to ₹721.44 Cr |
| Issue Size Total | 10,03,53,919 shares | 2,87,52,095 shares |
| Issue Size Total (Amount) | up to ₹2,900.00 Cr | up to ₹4,321.44 Cr |
ACME Solar Holdings IPO opens on Nov 06, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of ACME Solar Holdings IPO and Waaree Energies IPO is Nov 08, 2024, and Oct 23, 2024, respectively.
| ACME Solar Holdings IPO | Waaree Energies IPO | |
|---|---|---|
| Anchor Bid Date | Nov 05, 2024 | Oct 18, 2024 |
| Issue Open | Nov 06, 2024 | Oct 21, 2024 |
| Issue Close | Nov 08, 2024 | Oct 23, 2024 |
| Basis Of Allotment (Tentative) | Nov 11, 2024 | Oct 24, 2024 |
| Initiation of Refunds (Tentative) | Nov 12, 2024 | Oct 25, 2024 |
| Credit of Share (Tentative) | Nov 12, 2024 | Oct 25, 2024 |
| Listing date (Tentative) | Nov 13, 2024 | Oct 28, 2024 |
| Anchor Lockin End date 1 | Dec 11, 2024 | Nov 22, 2024 |
| Anchor Lockin End date 2 | Feb 09, 2025 | Jan 21, 2025 |
ACME Solar Holdings IPO P/E ratio is 21.63, as compared to Waaree Energies IPO P/E ratio of 30.87.
| ACME Solar Holdings IPO | Waaree Energies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 71.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 83.41 | 64.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.63 | 30.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹17486.81 Cr. | ₹42939.36 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 2.93 | 8.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.45% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.89 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹13.36 | ₹48.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 0.07 | 8.81% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ACME Solar Holdings IPO Retail Individual Investors (RII) are offered 99,99,999 shares while in Waaree Energies IPO retail investors are offered 99,99,999 shares. Qualified Institutional Buyers (QIB) are offered 3,00,00,001 shares in ACME Solar Holdings IPO and 56,63,925 shares in Waaree Energies IPO.
| ACME Solar Holdings IPO | Waaree Energies IPO | |
|---|---|---|
| Anchor Investor Reservation | 4,50,00,000 shares | 84,95,887 shares |
| Market Maker Reservation | ||
| QIB | 3,00,00,001 shares | 56,63,925 shares |
| NII | 1,49,99,999 shares | 42,47,945 shares |
| RII | 99,99,999 shares | 99,11,870 shares |
| Employee | 3,81,679 shares | 4,32,468 shares |
| Others | ||
| Total | 10,03,81,678 shares | 2,87,52,095 shares |
ACME Solar Holdings IPO subscribed 2.89x in total, whereas Waaree Energies IPO subscribed 79.44x.
| ACME Solar Holdings IPO | Waaree Energies IPO | |
|---|---|---|
| QIB (times) | 3.72x | 215.03x |
| NII (times) | 1.02x | 65.25x |
| Big NII (times) | 0.91x | 71.32x |
| Small NII (times) | 1.24x | 53.10x |
| RII (times) | 3.25x | 11.27x |
| Employee (times) | 1.85x | 5.45x |
| Other (times) | ||
| Total (times) | 2.89x | 79.44x |
