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20 Nov 2024
ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review
Established in 2015, ACME Solar Holdings was formed to consolidate the ACME Group’s renewable energy efforts and seize opportunities within India's renewable energy sector. ACME Solar Holdings Limited is a leading renewable energy company in India, specializing in solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects.
As one of the largest independent power producers (IPP) in the country and among the top ten renewable energy players by operational capacity as of March 31, 2024, ACME has expanded its offerings over the years. Originally focused on solar power, the company has evolved into a fully integrated renewable energy firm. It develops, builds, owns, operates and maintains large-scale renewable energy projects through its in-house engineering, procurement and construction (EPC) division, as well as its operation and maintenance (O&M) team. The company generates revenue by selling electricity to various off-takers, including central and state government-backed entities.
ACME Solar Holdings IPO Overview:
- ● Issue Size: ₹2,900.00 crores
- ○ Fresh Issue: 8.29 crore shares (~₹2,395.00 crores)
- ○ Offer for Sale: 1.75 crore shares (~₹505.00 crores)
- ● Subscription Dates:
- ○ Opens: November 6, 2024
- ○ Closes: November 8, 2024
- ● Price Band: ₹275 to ₹289 per share
- ● Minimum Lot Size: 51 shares ● Book Running Lead Managers:
- ○ Nuvama Wealth Management Limited
- ○ ICICI Securities Limited
- ○ JM Financial Limited
- ○ Kotak Mahindra Capital Company Limited
- ○ Motilal Oswal Investment Advisors Limited
- ● Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
ACME Solar Holdings Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 11-11-2024 | 289 | -4 (-1.38%) | 11-Nov-2024 14:50 |
| 09-11-2024 | 289 | -1 (-0.35%) | 09-Nov-2024 12:24 |
| 05-11-2024 | 289 | 25 (8.65%) | 05-Nov-2024 13:41 |
| 04-11-2024 | 289 | 30 (10.38%) | 04-Nov-2024 12:24 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
ACME Solar Holdings IPO Overview
| Detail | Description |
|---|---|
| IPO Date | November 6, 2024 to November 8, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹275 to ₹289 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 100,346,022 shares (aggregating up to ₹2,900.00 Cr) |
| Fresh Issue | 82,871,973 shares (aggregating up to ₹2,395.00 Cr) |
| Offer for Sale | 17,474,049 shares of ₹2 (aggregating up to ₹505.00 Cr) |
| Employee Discount | Rs 27 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 522,207,910 |
| Shareholding post issue | 605,079,883 |
ACME Solar Holdings IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, November 6, 2024 |
| IPO Close Date | Friday, November 8, 2024 |
| Basis of Allotment | Monday, November 11, 2024 |
| Initiation of Refunds | Tuesday, November 12, 2024 |
| Credit of Shares to Demat | Tuesday, November 12, 2024 |
| Listing Date | Wednesday, November 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2024 |
ACME Solar Holdings IPO 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 |
ACME Solar Holdings IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
ACME Solar Holdings IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Competitive Strength:
- ● Largest renewable energy company with strong industry growth in the IPP business.
- ● End-to-end value chain and integrated approach to renewable energy project development through in-house project development, EPC and O&M teams.
- ● An expansive portfolio diversified across different renewable energy technologies.
- ● Long-term stable cash flows based on contracts with central and state government agencies.
- ● Access to diversified funding sources.
- ● Design and value engineering leading to greater efficiency.
- ● Experienced promoters and management team
ACME Solar Holdings Limited Financial Information
| Period Ended | 30 June 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 2.93 |
| Debt/Equity | 3.89 |
| RoNW | 0.07 |
| P/BV | 7.77 |
| PAT Margin (%) | 0.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.36 | 0.09 |
| P/E (x) | 21.63 | 3147.37 |
Objectives of ACME Solar Holdings IPO
The Company proposes to utilize the Net Proceeds towards funding the following objectives:
FAQs for ACME Solar Holdings IPO
-
What is ACME Solar Holdings IPO?
ACME Solar Holdings IPO is a main-board IPO. The company is going to raise ₹2,900 Crores via IPO. The issue is priced at ₹275 to ₹289 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the ACME Solar Holdings IPO open for subscription?
The IPO is to open on November 6, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 8, 2024.
-
What is ACME Solar Holdings IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is ACME Solar Holdings IPO Issue Size?
ACME Solar Holdings IPO issue size is ₹2900 crores.
-
What is ACME Solar Holdings IPO Price Band?
ACME Solar Holdings IPO Price Band is ₹275 to ₹289.
-
What is ACME Solar Holdings IPO Lot Size?
The minimum bid is 51 Shares with ₹14,739 amount.
-
What is the ACME Solar Holdings IPO Allotment Date?
ACME Solar Holdings IPO allotment date is November 11, 2024.
-
What is the ACME Solar Holdings IPO Listing Date?
ACME Solar Holdings IPO listing date is November 13, 2024. The IPO is to be listed on BSE & NSE.
-
What is ACME Solar Holdings current GMP?
The current GMP of the ACME Solar Holdings is -4 (-1.38%).
RHP:
RHP of ACME Solar Holdings Limited IPO
DRHP:
DRHP of ACME Solar Holdings Limited IPO
-
What is ACME Solar Holdings IPO?
ACME Solar Holdings IPO is a main-board IPO. The company is going to raise ₹2,900 Crores via IPO. The issue is priced at ₹275 to ₹289 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the ACME Solar Holdings IPO open for subscription?
The IPO is to open on November 6, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 8, 2024.
-
What is ACME Solar Holdings IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is ACME Solar Holdings IPO Issue Size?
ACME Solar Holdings IPO issue size is ₹2900 crores.
-
What is ACME Solar Holdings IPO Price Band?
ACME Solar Holdings IPO Price Band is ₹275 to ₹289.
-
What is ACME Solar Holdings IPO Lot Size?
The minimum bid is 51 Shares with ₹14,739 amount.
-
What is the ACME Solar Holdings IPO Allotment Date?
ACME Solar Holdings IPO allotment date is November 11, 2024.
-
What is the ACME Solar Holdings IPO Listing Date?
ACME Solar Holdings IPO listing date is November 13, 2024. The IPO is to be listed on BSE & NSE.
-
What is ACME Solar Holdings current GMP?
The current GMP of the ACME Solar Holdings is -4 (-1.38%).
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