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ACME Solar Holdings IPO is a book build issue of ₹2,900.00 crores. The issue is a combination of fresh issue of 8.29 crore shares aggregating to ₹2,395.04 crores and offer for sale of 1.75 crore shares aggregating to ₹504.96 crores.
ACME Solar Holdings IPO bidding started from Nov 6, 2024 and ended on Nov 8, 2024. The allotment for ACME Solar Holdings IPO was finalized on Nov 11, 2024. The shares got listed on BSE, NSE on Nov 13, 2024.
ACME Solar Holdings IPO price band is set at ₹289.00 per share . The lot size for an application is 51. The minimum amount of investment required by an retail is ₹14,025 (51 shares). The lot size investment for sNII is 14 lots (714 shares), amounting to ₹2,06,346, and for bNII, it is 68 lots (3,468 shares), amounting to ₹10,02,252.
The issue includes a reservation of up to 3,81,679 shares for employees offered at a discount of ₹27.00 to the issue price.
Nuvama Wealth Management Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to ACME Solar Holdings IPO RHP for detailed Information.
| IPO Date | November 6, 2024 to November 8, 2024 |
| Listing Date | November 13, 2024 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹275 to ₹289 per share |
| Issue Price Final | ₹289 per share |
| Lot Size | 51 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 10,03,53,919 shares (aggregating up to ₹2,900.00 Cr) |
| Fresh Issue | 8,28,79,871 shares (aggregating up to ₹2,395.04 Cr) |
| Offer for Sale | 1,74,74,048 shares of ₹2 (aggregating up to ₹504.96 Cr) |
| Employee Discount | ₹27.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 52,22,07,910 shares |
| Share Holding Post Issue | 60,50,79,883 shares |
ACME Solar Holdings IPO offers total 10,03,81,678 shares. Out of which 7,50,00,001 (74.71%) allocated to QIB, 3,00,00,001 (29.89%) allocated to QIB, 1,49,99,999 (14.94%) allocated to NII, 99,99,999 (9.96%) allocated to RII and 4,50,00,000 (44.83%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 7,50,00,001 (74.71%) | NA |
| − Anchor Investor Shares Offered | 4,50,00,000 (44.83%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,00,00,001 (29.89%) | NA |
| NII (HNI) Shares Offered | 1,49,99,999 (14.94%) | NA |
| − bNII > ₹10L | 99,99,999 (9.96%) | 14,005 |
| − sNII < ₹10L | 50,00,000 (4.98%) | 7,002 |
| Retail Shares Offered | 99,99,999 (9.96%) | 1,96,078 |
| Employee Shares Offered | 3,81,679 (0.38%) | NA |
| Total Shares Offered | 10,03,81,678 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
ACME Solar Holdings IPO raises ₹1,300.50 crore from anchor investors. ACME Solar Holdings IPO Anchor bid date is November 5, 2024. ACME Solar Holdings IPO Anchor Investors list
| Bid Date | November 5, 2024 |
| Shares Offered | 4,50,00,000 |
| Anchor Portion Size (In Cr.) | 1,300.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 9, 2025 |
ACME Solar Holdings IPO opens on November 6, 2024, and closes on November 8, 2024.
| IPO Open Date | Wed, Nov 6, 2024 |
| IPO Close Date | Fri, Nov 8, 2024 |
| Tentative Allotment | Mon, Nov 11, 2024 |
| Initiation of Refunds | Tue, Nov 12, 2024 |
| Credit of Shares to Demat | Tue, Nov 12, 2024 |
| Tentative Listing Date | Wed, Nov 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 8, 2024 |
Investors can bid for a minimum of 51 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,739 |
| Retail (Max) | 13 | 663 | ₹1,91,607 |
| S-HNI (Min) | 14 | 714 | ₹2,06,346 |
| S-HNI (Max) | 67 | 3,417 | ₹9,87,513 |
| B-HNI (Min) | 68 | 3,468 | ₹10,02,252 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| Total Income | 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 ₹17486.81 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROE | 2.93 |
| Debt/Equity | 3.89 |
| RoNW | 0.07 |
| PAT Margin | 0.41% |
| Price to Book Value | 7.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.36 | 0.09 |
| P/E (x) | 21.63 | 3147.37 |
[Dilip Davda] The company is providing all kind of power generation services and products. It attributed fall in profits for FY23 due to impact of amortization and sale of some projects, and the sudden boost in bottom lines in FY24 for higher other income and exceptional items. However, based on its FY25 annualized earnings, the issue appears exorbitantly priced, but based on super profits of FY24, it appears fully priced. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | November 13, 2024 |
| BSE Script Code | 544283 |
| NSE Symbol | ACMESOLAR |
| ISIN | INE622W01025 |
| Final Issue Price | ₹289 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
ACME Solar Holdings Ltd.
Plot No. 152
Sector 44
Gurgaon, Haryana, 122002
Phone: +91 1247117000
Email: cs.acme@acme.in
Website: https://www.acmesolar.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: acmesolar.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
ACME Solar Holdings IPO is a main-board IPO of 10,03,53,919 equity shares of the face value of ₹2 aggregating up to ₹2,900.00 Crores. The issue is priced at ₹289 per share. The minimum order quantity is 51.
The IPO opens on November 6, 2024, and closes on November 8, 2024.
Kfin Technologies Ltd. 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, and the minimum amount required for application is ₹14,739.
You can apply in ACME Solar Holdings IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The ACME Solar Holdings IPO listing date is on Wednesday, November 13, 2024.
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