ACME Solar Holdings IPO DetailsACME Solar Holdings IPO DateAccording to the offer document filed by the company with SEBI, the ACME Solar Holdings IPO’s opening date – in other words, the ACME Solar Holdings IPO launch date – will be 6th November 2024. The ACME Solar Holdings IPO closing date is 8th November 2024. After this, investors will be updated about the allotment status on 11th November 2024. Investors who have been allotted shares can expect them to be credited to their demat account on 12 November 2024. The ACME Solar Holdings IPO listing date is 13 November 2024. The listing date is the date on which a company's shares are listed on the bourses—NSE and BSE. ACME Solar Holdings IPO Price Band The IPO is a fresh issue as well as an offer for sale. The ACME Solar Holdings IPO price band has been set between ₹275 and ₹289 per share. Interested investors can choose a price within this band to apply for the IPO. The ACME Solar Holdings IPO listing price will be determined on 13th November 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. ACME Solar Holdings IPO Lot Size The ACME Solar Holdings IPO details have been declared. The ACME Solar Holdings IPO lot size is set at 51 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the ACME Solar Holdings IPO issue size is approx ₹2900 crore. ACME Solar Holdings IPO Objective ACME Solar Holdings aims to utilise the net proceeds from its fresh issue to repay borrowings and for general corporate purposes. |
About ACME Solar HoldingsIncorporated in 2015, ACME Solar Holdings Limited is one of the largest renewable energy independent power producers (IPP) in India as of 31 March 2024. Its portfolio includes solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects. It conducts its operations through its in-house engineering, procurement and construction (EPC) division and operation and maintenance (O&M) team. It sells electricity to off-takers which includes central and state government-backed entities. The ACME Group has a track record of developing, executing and commissioning a total of 2,719 MW of solar power projects since inception. As of 31 March 2024, it has an aggregate operational project capacity of 1,320 MW solar power projects. It also has 1,500 MW of solar power projects and 150 MW of wind power projects in its contracted project capacity; and 300 MW of solar power projects, 830 MW hybrid power projects and 1,250 MW of FDRE power projects in its awarded project capacity. The company has divested some of its solar power projects to investors with a cumulative capacity of 1,379 MW and used the proceeds to grow its business. It has an integrated in-house business platform to execute projects across their life cycles from bid submission to operations and maintenance. It is present in the states of Gujarat, Rajasthan, Madhya Pradesh, Andhra Pradesh, Karnataka, and Tamil Nadu. Moreover, it signed a MOU with the Government of Uttar Pradesh for the development of a 600 MW closed loop pump storage project in the state by ACME Urja Two Private Limited, which it acquired in June, 2024. Between FY22 and FY24, it saw a CAGR drop of 3% in its revenue from operations but a CAGR rise of 124% in its profit. Moreover, India’s renewable energy capacity is expected to reach 320 GW by FY29 due to various government initiatives, favourable policies, competitive tariffs, innovative tenders, and development of solar parks and green energy corridors. This could be beneficial for the company. Now, ACME Solar Holdings Limited is launching its initial public offer (IPO). The total IPO issue size is ₹300 crore, comprising fresh issue, aggregating to ₹2000 crore, and an offer for sale, aggregating to ₹1000 crore. The money raised from the issue will be utilised for the repayment of borrowings and general corporate purposes. Its shares will be listed on the NSE and BSE. Company Name: ACME Solar Holdings Limited Company Established On: 1 May 2017 Company Type: Public Limited Company CEO/MD: Nikhil Dhingra Financial snapshot |
ACME Solar Holdings IPO AnalysisStrengths and Opportunities
Risks and threats
|
How to apply for the ACME Solar Holdings IPO?If you are interested to invest in ACME Solar Holdings IPO, following are the steps to apply:
You can also pre-apply for the ACME Solar Holdings India IPO on Upstox which usually begins a day before the IPO opens for subscription. |
Pre-applying for the ACME Solar Holdings IPO means applying for this public issue before it goes live.
You can pre-apply for the ACME Solar Holdings IPO from November 4, 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the ACME Solar Holdings IPO opens for the subscription.
The ACME Solar Holdings IPO launch date is 6th November 2024. The ACME Solar Holdings IPO will be open for subscription till 8th November 2024.
The ACME Solar Holdings lot size is 51 shares and the minimum investment required is ₹14,025.
The ACME Solar Holdings IPO price band is ₹275 – ₹289 per share.
The size of the ACME Solar Holdings IPO is approx. ₹2900 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 12th November 2024.
ACME Solar Holdings shares will be on NSE and BSE.
ACME Solar Holdings shares’ listing date is 13th November 2024.
ACME Solar Holdings has an employee discount of ₹27 per share.