ACME Solar Holdings Limited
CLOSEDIPO Date: 6 Nov - 8 Nov 2024
Listing Date: 13 Nov 2024
Price Range
₹275 to ₹289 per share
Issue Size
2900 Cr
Min Investment
₹14,025
Lot Size
51 Shares
Schedule of ACME Solar Holdings Limited
Issue open date
6 Nov 2024
Issue close date
8 Nov 2024
UPI mandate deadline
8 Nov 2024 (5 PM)
Allotment finalization
11 Nov 2024
Share credit
12 Nov 2024
Listing date
13 Nov 2024
Mandate end date
23 Nov 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 2900 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 11 Nov 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|
Performance ACME Solar Holdings Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹275 to ₹289 per share | ₹ 1020 (-12.4%) | ₹ 208.3 | -27.92% |
About ACME Solar Holdings Limited
Incorporated In June 2015, Acme ACME Solar Holdings Limited is an Indian electricity producer from renewable energy sources. The company is one of the largest producers of electricity from wind and solar energy in India.The company specializes in the development, construction, ownership, operation and maintenance of large-scale renewable energy projects. The company achieves this through its in-house engineering, procurement and construction (EPC) division and operations and maintenance (O&M) team. The company's revenue is generated by selling electricity to various customers, including plants supported by the central and state governments.As of March 31, 2024, the company had a total operational project capacity of 1,320 MW (1,802 MWp) in solar power projects. In addition, it had a contracted project capacity of 1,650 MW, comprising 1,500 MW (2,192 MWp) of solar power projects and 150 MW of wind power projects. In addition, the awarded project capacity under construction amounted to 2,380 MW, consisting of 300 MW of solar power projects, 830 MW of hybrid power projects and 1,250 MW of FDRE power projects.Competitive strengths1. Largest renewable energy company with strong industry growth in the IPP business;2. End-to-end value chain and integrated approach to renewable energy project development through in-house project development, EPC and O&M teams;3. An expansive portfolio diversified across different renewable energy technologies;4. Long-term stable cash flows based on contracts with central and state government agencies;5. Access to diversified funding sources;6. Design and value engineering leading to greater efficiency; and7. Experienced promoters and management teamAs of March 31, 2024, the company had 214 permanent employees in various departments.
| Founded in | 2015 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
- 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
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 3.72 |
| Non-Institutional Investors (NIIs) | 1.02 |
| Retail Individual Investors (RIIs) | 3.25 |
| Employee | 1.85 |
| Total | 2.89 |