ACME SOLAR HOLDINGS IPO

ACME SOLAR HOLDINGS IPO

ACME SOLAR HOLDINGS IPO
Power Generation/Distribution
listed

0.80x

subscribed

₹14,025Min. investment
  1. Bid start
    6 Nov
  2. Bid end
    8 Nov
  3. Allotment
    11 Nov
  4. Release of funds
    12 Nov
  5. Demat transfer
    12 Nov
  6. Listing
    13 Nov

About ACME Solar Holdings

SectorPower Generation/Distribution
Price range₹275 – ₹289
IPO type
Regular
Lot size51 shares
Issue size₹2,900Cr
Red Herring Prospectus
Read
Market Cap
₹17,486.81CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹1,319.25CrLower than sector avg
Growth rate3Y CAGR
-3.93%Lower than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Performance

FY 22FY 23FY 24₹1,487.9Cr₹1,294.9Cr₹1,319.25Cr

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹1,319.25Cr
This sector
₹7,257.39Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
-3.93%
This sector
0.01%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹697.78Cr
This sector
₹1,279.09Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹17,486.81Cr
This sector
₹38,395.1Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
23.02
This sector
42.94
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
2.66
This sector
1.87
Compare with companies
ACME Solar Holdings Limited is one of the largest renewable energy independent power producers (IPP) in India as of 30 June 2024. Its portfolio includes solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects. It sells electricity to off-takers, which include central and state government-backed entities. It is present in the states of Gujarat, Rajasthan, Madhya Pradesh, Andhra Pradesh, Karnataka, and Tamil Nadu. Noteably, the ACME Group has a track record of developing, executing and commissioning a total of 2,719 MW of solar power projects since inception.

IPO Analysis

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IPO REVIEW
ACME SOLAR HOLDINGS IPO
Should you apply?

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of ACME SOLAR HOLDINGS IPO ?

The issue size of the ACME SOLAR HOLDINGS IPO is 2900 Cr.

What is 'pre-apply' for ACME SOLAR HOLDINGS IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will ACME SOLAR HOLDINGS IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.