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.

Open Demat Account

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

2,900.00 Cr.

Issue Type

Book Built

Open

2024-11-06

Close

2024-11-08

Listing price

₹ 251

Listing Gain

-13.15%

Listing Date

2024-11-13

CMP

₹ 250

Current Return

-13.49%

Acme Solar Holdings Ltd. News

ACME Solar Holdings’ arm commissions additional 4 MW in Gujarat wind power project20 Mar 2026, 12:00PM ACME Solar shine as its arm commissions additional 8 MW in Gujarat wind power project19 Mar 2026, 2:05PM ACME Solar’s arm commissions additional 8 MW in Gujarat wind power project18 Mar 2026, 10:20AM ACME Solar Holdings zooms on commissioning 143 MW / 481 MWh BESS in Rajasthan13 Mar 2026, 12:04PM ACME Solar Holdings commissions 143 MW / 481 MWh BESS in Rajasthan13 Mar 2026, 11:51AM ACME Solar Holdings informs about press release13 Mar 2026, 9:33AM ACME Solar commissions third phase of 19 MW / 40.50 MWh BESS Project 12 Mar 2026, 11:42AM ACME Solar Holdings jumps on signing two PPAs with SJVN12 Mar 2026, 11:04AM ACME Solar Holdings signs two PPAs with SJVN12 Mar 2026, 10:50AM ACME Solar Holdings informs about press release12 Mar 2026, 9:59AM ACME Solar gains as its arm gets commissioning certificate for 4 MW wind power project in Gujarat10 Mar 2026, 12:50PM ACME Solar’s arm gets commissioning certificate for 4 MW wind power project in Gujarat10 Mar 2026, 9:38AM ACME Solar Holdings informs about updates 7 Mar 2026, 2:25PM ACME Solar Holdings informs about credit rating 7 Mar 2026, 10:54AM ACME Solar commissions first phase of BESS Project in Rajasthan7 Mar 2026, 10:41AM ACME Solar Holdings’ arm executes PPAs with SJVN4 Mar 2026, 3:42PM ACME Solar commissions second phase of BESS project in Rajasthan 4 Mar 2026, 12:50PM ACME Solar rises on commissioning first phase of BESS project in Rajasthan26 Feb 2026, 12:10PM ACME Solar commissions first phase of BESS project in Rajasthan26 Feb 2026, 10:47AM ACME Solar Holdings signs 25-year PPA with SECI 19 Feb 2026, 10:30AM

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 183.34 758.76 468.59 470.84 1352.1
Total Expenditure 139.29 720.19 495.81 526.52 1083.56
Operating Profit 44.05 38.57 -27.22 -55.68 268.54
Other Income 145.11 298.44 132.15 133.65 159.74
Interest 171.19 191.65 153.43 179.61 176.28
Depreciation 0 0 0 0 0.01
Exceptional Items 0 0 0 619.82 1.2
Profit Before Tax 17.97 145.36 -48.51 518.17 253.18
Provision for Tax -6.31 -0.05 -18.26 98.61 64.41
Net Profit 24.28 145.41 -30.25 419.56 188.77
Adjusted EPS (Rs.) 0.23 1.39 -0.29 4.02 0.31

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 104.44 104.44 104.44 104.44 121.02
Total Reserves 2062.68 2208.27 2178.03 2597.71 4437.45
Borrowings 902.9 1207.36 975.76 1693.78 2094.45
Other N/C liabilities -4.87 -4.54 -22.7 -7.33 4.61
Current liabilities 1288.68 1123.2 1972.71 1692.92 2032.93
Total Liabilities 4353.83 4638.73 5208.24 6081.51 8690.45
Assets
Net Block 0 0 0.03 0.02 0.5
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 3106.27 2810.43 4162.29 4114.73 4973.1
Loans & Advances 4.15 27.91 61.14 0.09 25.64
Other N/C Assets 7.76 3.38 7.32 15.79 77.14
Current Assets 1235.65 1797.01 977.46 1950.88 3614.07
Total Assets 4353.83 4638.73 5208.24 6081.51 8690.45
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Other Income 48.63 39.66 81.33 133.04 84.3
Profit Before Tax 7.69 -16.46 1.09 40.98 44.47
Tax 6.19 -5.84 0.28 9.75 12.79
Profit After Tax 1.5 -10.61 0.81 31.22 31.68
Adjusted EPS (Rs) 0.02 -0.18 0.01 0.52 0.52

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2025 83.29 0
Sep 2025 83.41 0
Jun 2025 83.41 0
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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 17.97 145.36 -48.51 518.17 253.18
Adjustment 26.25 -106.59 22.07 -572.45 41.17
Changes in Assets & Liabilities -84.96 31.89 775.89 -640.48 199.71
Tax Paid 5.69 -23.33 -33.12 5.2 -98.73
Operating Cash Flow -35.05 47.34 716.33 -689.57 395.33
Investing Cash Flow 832.24 415.12 -765.26 737.42 -2975.9
Financing Cash Flow -723.92 -280.67 -176.58 52.27 2803.47
Net Cash Flow 73.26 181.78 -225.51 100.12 222.9
X