ACME Solar Holdings Limited
Nov 6, 2024 - Nov 8, 2024
ACME Solar Holdings Limited IPO Details
Mainline
Status
listed
Issue Price
₹275.00 - ₹289.00
Lot Size
51 Shares
Subscription
2.89 times
Listing Price
₹251 (-13.15%)
Face Value
₹2 Per share
Issue Size
Approx ₹2900 Cr
Fresh Issue
Approx ₹2395 Cr
Total Shares Offered
Approx ₹505 Cr
Retail Quota
10%
QIB Quota
75%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Kfin Technologies Limited
NSE Code
ACMESOLAR
BSE Code
544283
IPO Tentative Timetable
Open Date
Wed Nov 06 2024
Close Date
Fri Nov 08 2024
Allotment Date
Mon Nov 11 2024
Refunds Initiation
Tue Nov 12 2024
Demat Transfer
Tue Nov 12 2024
Listing Date
Wed Nov 13 2024
Valuation
Earning Per Share (EPS)
₹12.55
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
26.95%
Net Asset Value (NAV)
₹49.62
Promoters
Pre issue Share Holding
100.00%
Post issue Share Holding
-
Company Promoters
- Mamta Upadhyay
- Manoj Kumar Upadhyay
- ACME Cleantech Solutions Private Limited
- MKU Holdings Private Limited
- Upadhyay Family Trust
Lead Managers
Nuvama Wealth Management Limited
ICICI Securities Limited
Jm Financial Limited
Kotak Mahindra Capital Company Limited
Motilal Oswal Investment Advisors Limited
Live Subscription
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Nov 6, 2024 | 0.16 | 0.34 | 1.28 | 0.72 | 0.42 |
| Nov 7, 2024 | 0.33 | 0.59 | 2.16 | 1.16 | 0.74 |
| Nov 8, 2024 | 3.72 | 1.02 | 3.25 | 1.85 | 2.89 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,739 |
| Retail (Max) | 13 | 663 | ₹191,607 |
| S-HNI (Min) | 14 | 714 | ₹206,346 |
| S-HNI (Max) | 67 | 3,417 | ₹987,513 |
| B-HNI (Min) | 68 | 3,468 | ₹1,002,252 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 2.93 |
| Debt/Equity | 3.89 |
| RoNW | 0.07 |
| P/BV | 7.77 |
| PAT Margin (%) | 0.41 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,50,00,000 (44.84%) | NA |
| QIB Shares Offered | 3,00,00,000 (29.9%) | NA |
| NII (HNI) Shares Offered | 1,50,00,000 (14.95%) | - |
| bNII > ₹10L | 1,00,00,000 (9.97%) | 14,005 |
| sNII < ₹10L | 50,00,000 (4.98%) | 7,002 |
| Retail Shares Offered | 1,00,00,000 (9.97%) | 1,96,078 |
| Employee Shares Offered | 3,46,021 (0.34%) | NA |
| Total Shares Offered | 10,03,46,021 (100%) | - |
Company Financial
| 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 |
| Revenue | 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 |
About Company
Acme Solar Holdings Limited, established in June 2015, is an Indian company that produces electricity from renewable sources like wind and solar energy. It is one of India’s largest renewable energy producers, focusing on developing, building, owning, operating, and maintaining large-scale renewable energy projects. The company manages these projects through its own engineering, procurement, and construction (EPC) and operations and maintenance (O&M) teams. Acme generates revenue by selling electricity to different customers, including government-backed plants at both central and state levels.
As of March 31, 2024, Acme had 1,320 MW (1,802 MWp) of operational solar power capacity. It also had contracts for 1,650 MW, including 1,500 MW (2,192 MWp) in solar projects and 150 MW in wind projects. Additionally, it was working on 2,380 MW of projects under construction: 300 MW in solar, 830 MW in hybrid (wind and solar combined), and 1,250 MW in FDRE projects.
Competitive Advantages
- Largest renewable energy company in India with strong growth in the independent power producer (IPP) sector.
- Full in-house capabilities for project development, EPC, and O&M, enabling a streamlined project approach.
- Diverse portfolio covering multiple renewable energy technologies.
- Long-term, stable income from contracts with government agencies.
- Access to a variety of funding sources.
- Efficient designs and engineering methods for improved project performance.
- Led by experienced promoters and a skilled management team.
By March 31, 2024, Acme employed 214 full-time staff across various departments.
As of March 31, 2024, Acme had 1,320 MW (1,802 MWp) of operational solar power capacity. It also had contracts for 1,650 MW, including 1,500 MW (2,192 MWp) in solar projects and 150 MW in wind projects. Additionally, it was working on 2,380 MW of projects under construction: 300 MW in solar, 830 MW in hybrid (wind and solar combined), and 1,250 MW in FDRE projects.
Competitive Advantages
- Largest renewable energy company in India with strong growth in the independent power producer (IPP) sector.
- Full in-house capabilities for project development, EPC, and O&M, enabling a streamlined project approach.
- Diverse portfolio covering multiple renewable energy technologies.
- Long-term, stable income from contracts with government agencies.
- Access to a variety of funding sources.
- Efficient designs and engineering methods for improved project performance.
- Led by experienced promoters and a skilled management team.
By March 31, 2024, Acme employed 214 full-time staff across various departments.
Company Contact
acme solar holdings limited plot no. 152 sector 44 gurugram - 122002
Phone: +91 1247117000
Email: cs.acme@acme.in
Website: https://www.acmesolar.in/
Registrar Contact
kfin technologies limited
Phone: 04067162222, 04079611000
Email: acmesolar.ipo@kfintech.com