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

Acme Solar Holdings Ltd. IPO Details

Check out the issue details for Acme Solar Holdings Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 289

Price Band

₹ 275 - 289

Issue Size

2900 Cr.

Issue Type

Book Built

Open

2024-11-06

Close

2024-11-08

Listingprice

₹ 251

ListingGain

-13.15%

Listing Date

2024-11-13

CMP

₹ 249

Current Return

-13.84%

Acme Solar Holdings Ltd. News

ACME Solar Holdings emerges as winning bidder for NHPC's tender for BESS projects26 Jun, 9:28AM ACME Solar Holdings informs about press release25 Jun, 5:22PM ACME Solar Holdings’ arm inks 25-year PPA with Solar Energy Corporation of India25 Jun, 2:23PM ACME Solar Holdings commissions 300 MW Sikar Solar project in Rajasthan 24 Jun, 10:11AM ACME Solar Holdings informs about update 24 Jun, 9:44AM ACME Solar Holdings secures Rs 1,072 crore refinancing for 250 MW operational project in Rajasthan 23 Jun, 3:30PM ACME Solar Holdings inks pact with NHPC for 250 MW FDRE project in Rajasthan20 Jun, 4:30PM ACME Solar Holdings’ arm commissions additional 19.8 MW wind power project in Gujarat13 Jun, 9:51AM ACME Solar Holdings informs about update 13 Jun, 9:44AM ACME Solar Holdings’ arm commissions third phase of 75 MW solar power project in Rajasthan10 Jun, 9:44AM ACME Solar Holdings informs about update 10 Jun, 9:44AM ACME Solar Holdings commissions first phase of 26.4 MW wind power project in Gujarat28 May, 2:43PM ACME Solar Holdings’ arm commissions second phase of 112.5 MW solar power project in Rajasthan20 May, 9:07AM Acme Solar Holdings - Quaterly Results19 May, 9:26PM Acme Solar Holdings - Quaterly Results19 May, 9:26PM ACME Solar Holdings informs about press release28 Apr, 9:08AM ACME Solar Holdings informs about analyst meet 13 Mar, 1:15PM ACME Solar Holdings informs about analyst meet1 Mar, 2:54PM ACME Solar Holdings informs about credit rating 12 Feb, 12:56PM ACME Solar Holdings reports over two-fold jump in Q3 consolidated net profit 29 Jan, 4:09PM

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 Dec 2024 Mar 2025
Other Income 36.55 48.63 39.66
Profit Before Tax 58.52 7.69 -16.46
Tax 12.83 6.19 -5.84
Profit After Tax 45.69 1.5 -10.61
Adjusted EPS (Rs) 0.88 0.02 -0.18

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 83.41 0
Dec 2024 83.41 0
* Figures given above are % of equity capital

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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