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.

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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

₹ 404.8

Current Return

40.07%

Acme Solar Holdings Ltd. News

ACME Solar Holdings commissions additional 88.02 MW BESS capacity in Rajasthan31 Oct 2026, 4:08PM ACME Solar Holdings informs about newspaper publication 30 Oct 2026, 4:53PM ACME Solar Holdings signs PPA with NTPC for 400 MW ISTS-connected FDRE project30 Oct 2026, 9:26AM ACME Solar Holdings informs about execution of power purchase agreement29 Oct 2026, 10:29AM ACME Solar Holdings surges after its arm executes power purchase agreement with NTPC29 Oct 2026, 10:24AM ACME Solar Holdings’ arm executes power purchase agreement with NTPC29 Oct 2026, 9:58AM ACME Solar Holdings commissions additional BESS capacity in Rajasthan28 Oct 2026, 10:58AM ACME Solar Holdings commissions additional battery storage capacity of 17.91 MW in Rajasthan 24 Oct 2026, 12:00PM ACME Solar Holdings inches up on signing PPA with Solar Energy Corporation of India19 Oct 2026, 12:23PM ACME Solar Holdings signs PPA with Solar Energy Corporation of India19 Oct 2026, 9:50AM ACME Solar Holdings informs about press release19 Oct 2026, 9:34AM ACME Solar Holdings forms wholly-owned subsidiary in UAE15 Oct 2026, 9:45AM ACME Solar Holdings inches up on incorporating two wholly owned subsidiaries14 Oct 2026, 10:21AM ACME Solar Holdings incorporates two wholly owned subsidiaries14 Oct 2026, 9:30AM ACME Solar Holdings surges on commissioning additional 66.68 MW solar capacity in Rajasthan6 Oct 2026, 10:11AM ACME Solar Holdings commissions additional 66.68 MW solar capacity in Rajasthan6 Oct 2026, 9:44AM ACME Solar Holdings informs about updates1 Oct 2026, 10:17AM ACME Solar surges on commissioning 53.63 MW out of 300 MW of BESS Capacity in Rajasthan1 Oct 2026, 10:11AM ACME Solar Holdings commissions 53.63 MW out of 300 MW of BESS Capacity in Rajasthan1 Oct 2026, 9:59AM ACME Solar Holdings hits 52-week high on incorporating wholly owned subsidiary21 Sep 2026, 11:05AM

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 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 758.76 468.59 470.84 1352.1 3910.95
Total Expenditure 720.19 495.81 526.52 1083.56 3613.67
Operating Profit 38.57 -27.22 -55.68 268.54 297.28
Other Income 298.44 92.71 133.65 159.74 446.34
Interest 191.65 153.43 179.61 176.28 303.14
Depreciation 0 0 0 0.01 0.53
Exceptional Items 0 39.44 619.82 1.2 16.76
Profit Before Tax 145.36 -48.51 518.17 253.18 456.7
Provision for Tax -0.05 -18.26 98.61 64.41 116.54
Net Profit 145.41 -30.25 419.56 188.77 340.16
Adjusted EPS (Rs.) 1.39 -0.29 4.02 0.31 0.56

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 104.44 104.44 104.44 121.02 121.08
Total Reserves 1558.27 1528.03 1947.71 4437.45 4830.52
Borrowings 1857.36 1625.76 2343.78 2094.45 3609.48
Other N/C liabilities -4.54 -22.7 -7.33 4.61 19.61
Current liabilities 1123.2 1972.71 1692.92 2032.93 4361.62
Total Liabilities 4638.73 5208.24 6081.51 8690.45 12942.3
Assets
Net Block 0 0.03 0.02 0.5 6.41
Capital WIP 0 0 0 0 1.25
Intangible WIP 0 0 0 0 0
Investments 2810.43 4162.29 4114.73 4973.1 6995.46
Loans & Advances 27.91 61.14 0.09 25.64 112.89
Other N/C Assets 3.38 7.32 15.79 77.14 263.97
Current Assets 1797.01 977.46 1950.88 3614.07 5562.34
Total Assets 4638.73 5208.24 6081.51 8690.45 12942.3
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Other Income 133.04 84.3 147.67 91.97 112.62
Profit Before Tax 40.98 44.47 370.17 163.06 322.69
Tax 9.75 12.79 93.73 41.35 81.43
Profit After Tax 31.22 31.68 276.44 121.7 241.26
Adjusted EPS (Rs) 0.52 0.52 4.57 1.72 3.42

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2026 71.4 0
Jun 2026 71.4 0
Mar 2026 83.29 0
Dec 2025 83.29 0
Sep 2025 83.41 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 145.36 -48.51 518.17 253.18 456.7
Adjustment -106.59 22.07 -572.45 41.17 -11.21
Changes in Assets & Liabilities 31.89 775.89 -640.48 199.71 144.67
Tax Paid -23.33 -33.12 5.2 -98.73 -59.87
Operating Cash Flow 47.34 716.33 -689.57 395.33 530.29
Investing Cash Flow 415.12 -765.26 737.42 -2975.9 -1504.67
Financing Cash Flow -280.67 -176.58 52.27 2803.47 2065.16
Net Cash Flow 181.78 -225.51 100.12 222.9 1090.78
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