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ACME SOLAR HOLDINGS IPO
0.80xsubscribed

ACME SOLAR HOLDINGS IPO

Power Generation/Distribution
listed
₹14,025Min. investment

ACME Solar Holdings IPO Details

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

ACME SOLAR HOLDINGS IPO Timeline

  1. Bid start
    6 Nov 2024
  2. Bid end
    8 Nov 2024
  3. Allotment
    11 Nov 2024
  4. Release of funds
    12 Nov 2024
  5. Demat transfer
    12 Nov 2024
  6. Listing
    13 Nov 2024

About ACME Solar Holdings

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.

Acme Solar Holdings IPO Analysis

IPO REVIEW

ACME SOLAR HOLDINGS IPO | Analysis Video

Should you apply?

Watch our analysts break down the Acme Solar Holdings IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

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Quality analysis
Revenue growth
Company valuation
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Debt to Equity ratio
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Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹1,319.25Cr-3.93%₹697.78Cr₹17,486.81Cr23.022.66
This sector (avg.)₹7,783.3Cr0.01%₹1,281.2Cr₹38,103.65Cr45.352.10
₹1,88,138.06Cr---₹20,251.23Cr₹3,45,201.3Cr14.281.36
₹45,792.32Cr---₹15,245.13Cr₹2,38,560.5Cr15.691.41
₹11,212Cr---₹1,557Cr₹1,40,388.8Cr98.956.59

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

ACME SOLAR HOLDINGS IPO Contact Details

Company NameACME Solar Holdings

How to apply for ACME SOLAR HOLDINGS IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Acme Solar Holdings IPO FAQs