Acme Solar Holdings Ltd. IPO

ACME Solar Holdings IPO is a book-built issue totaling Rs 2,900 crore, comprising a fresh issue of 8.29 crore shares worth Rs 2,395 crore and an offer for sale of 1.75 crore shares totaling Rs 505 crore. The IPO will be open for subscription from November 6 to November 8, 2024, with allotment expected on November 11, and listing on BSE and NSE slated for November 13, 2024. The price band is set at Rs 275 to Rs 289 per share. The minimum investment for retail investors is Rs 14,739 for 51 shares, while sNII and bNII investments are Rs 2,06,346 and Rs 10,02,252, respectively.

RHP
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DRHP
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Open Date

2024-11-06

Close Date

2024-11-08

Company Financials

You can get the following financial statements of Acme Solar Holdings Ltd. as of now.

Acme Solar Holdings IPO Details

The details about the Acme Solar Holdings IPO are as follows:

  • The issue size of the IPO is 2900 Cr.
  • The price band for Acme Solar Holdings IPO is Rs 275 to Rs 289.
  • The shares of Acme Solar Holdings IPO will list on 13th November 2024.
  • The latest tentative GMP of Acme Solar Holdings IPO is Rs 10.
  • The shares of Acme Solar Holdings IPO are subscribed 2.89 Times.

 

Acme Solar Holdings IPO Valuation

The approx valuation of Acme Solar Holdings IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 289
Existing Shares (Qty) 52.20 Cr
Fresh Issue 2395 Cr
Market Cap 17480.8 Cr
EPS (FY24) Rs 12.55
PE Ratio 23.02x
Industry PE 170.3x

 

Acme Solar Holdings IPO Issue Size

Acme Solar Holdings IPO issue size is 2900 Cr.

Issue Amount
Fresh Issue 2395 Cr
Offer For Sale 505 Cr

 

Acme Solar Holdings IPO Market Lot

An individual can apply for a minimum of 1 lot of 51 shares and a maximum of 13 lots of 663 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 51 Rs 14,739
Maximum 13 663 Rs 1,91,607

Acme Solar Holdings IPO Share Offer

The shares of Acme Solar Holdings IPO are subscribed 2.89 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Minimum 75%
Non-Institutional Maximum 15%
Retail Individual Maximum 10%

 

Acme Solar Holdings IPO GMP (Grey Market Premium)

As on GMP (Tentative)
8 November 2024 Rs 10

Acme Solar Holdings IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Acme Solar Holdings IPO Dates

Find below the dates for Acme Solar Holdings IPO

Schedule Date
Basis of Allotment 11 November 2024
Refunds 12 November 2024
Credit to Demat Account 12 November 2024
IPO Listing Date 13 November 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1211.19 183.34 758.76 468.59 470.84
Total Expenditure 1052.82 139.29 720.19 495.81 526.52
Operating Profit 158.37 44.05 38.57 -27.22 -55.68
Other Income 64.51 145.11 298.44 132.15 133.65
Interest 181.11 171.19 191.65 153.43 179.61
Depreciation 0 0 0 0 0
Exceptional Items 0 0 0 0 619.82
Profit Before Tax 41.77 17.97 145.36 -48.51 518.17
Provision for Tax 11.02 -6.31 -0.05 -18.26 98.61
Net Profit 30.74 24.28 145.41 -30.25 419.56
Adjusted EPS (Rs.) 0.29 0.23 1.39 -0.29 4.02

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 104.44 104.44 104.44 104.44 104.44
Total Reserves 2038.25 2062.68 2208.27 2178.03 2597.71
Borrowings 1200 902.9 1207.36 975.76 1693.78
Other N/C liabilities 0.86 -4.87 -4.54 -22.7 -7.33
Current liabilities 1608.53 1288.68 1123.2 1972.71 1692.92
Total Liabilities 4952.08 4353.83 4638.73 5208.24 6081.51
Assets
Net Block 0 0 0 0.03 0.02
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 3256.02 3106.27 2810.43 4162.29 4114.73
Loans & Advances 9.51 4.15 27.91 61.14 0.09
Other N/C Assets 435.05 7.76 3.38 7.32 15.79
Current Assets 1251.5 1235.65 1797.01 977.46 1950.88
Total Assets 4952.08 4353.83 4638.73 5208.24 6081.51
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024
Other Income 36.55
Profit Before Tax 58.52
Tax 12.83
Profit After Tax 45.69
Adjusted EPS (Rs) 0.88

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 41.77 17.97 145.36 -48.51 518.17
Adjustment 116.61 26.25 -106.59 22.07 -572.45
Changes in Assets & Liabilities 13.26 -84.96 31.89 775.89 -640.48
Tax Paid -5.71 5.69 -23.33 -33.12 5.2
Operating Cash Flow 165.93 -35.05 47.34 716.33 -689.57
Investing Cash Flow -767.88 832.24 415.12 -765.26 737.42
Financing Cash Flow 582.88 -723.92 -280.67 -176.58 52.27
Net Cash Flow -19.07 73.26 181.78 -225.51 100.12
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