ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 6, 2024 to November 8, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 2 per share |
| Price Band | ₹ 275 to ₹ 289 per share |
| Lot Size | 51 Shares |
| Total Issue Size | 10,03,46,022 shares (aggregating up to ₹ 2,900.00 Cr) |
| Fresh Issue | 8,28,71,973 shares (aggregating up to ₹ 2,395.00 Cr) |
| Offer for Sale | 1,74,74,049 shares of ₹2 (aggregating up to ₹ 505.00 Cr) |
| Employee Discount | Rs 27 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 52,22,07,910 |
| Shareholding post issue | 60,50,79,883 |
About ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review
Established in 2015, ACME Solar Holdings was formed to consolidate the ACME Group’s renewable energy efforts and seize opportunities within India's renewable energy sector. ACME Solar Holdings Limited is a leading renewable energy company in India, specializing in solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects.
As one of the largest independent power producers (IPP) in the country and among the top ten renewable energy players by operational capacity as of March 31, 2024, ACME has expanded its offerings over the years. Originally focused on solar power, the company has evolved into a fully integrated renewable energy firm. It develops, builds, owns, operates and maintains large-scale renewable energy projects through its in-house engineering, procurement and construction (EPC) division, as well as its operation and maintenance (O&M) team. The company generates revenue by selling electricity to various off-takers, including central and state government-backed entities.
ACME Solar Holdings IPO Overview:
● Issue Size: ₹2,900.00 crores
- ○ Fresh Issue: 8.29 crore shares (~₹2,395.00 crores)
- ○ Offer for Sale: 1.75 crore shares (~₹505.00 crores)
● Subscription Dates:
- ○ Opens: November 6, 2024
- ○ Closes: November 8, 2024
● Price Band: ₹275 to ₹289 per share ● Minimum Lot Size: 51 shares ● Book Running Lead Managers:
- ○ Nuvama Wealth Management Limited
- ○ ICICI Securities Limited
- ○ JM Financial Limited
- ○ Kotak Mahindra Capital Company Limited
- ○ Motilal Oswal Investment Advisors Limited
● Registrar: Kfin Technologies Limited
ACME Solar Holdings IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Objectives of ACME Solar Holdings IPO
-
The Company proposes to utilize the Net Proceeds towards funding the following objectives:
- 1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries.
- 2. General corporate purposes.
ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
₹ 340.01 Cr
Profit After Tax
₹ 1.39 Cr
Net Worth
₹ 1,942.12 Cr
Total Borrowing
₹ 9,319.91 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 30 June 2024 | 13,985.14 | 340.01 | 1.39 | 1,942.12 | 9,319.91 |
| 31 Mar 2024 | 13,394.13 | 1,466.27 | 697.78 | 2,590.87 | 8,217.59 |
| 31 Mar 2023 | 12,186.95 | 1,361.37 | -3.17 | 1,900.56 | 8,657.35 |
| 31 Mar 2022 | 10,887.62 | 1,562.73 | 62.01 | 1,908.76 | 7,563.60 |
| Amount in ₹ Crore | |||||
ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review IPO GMP is currently trading at ₹-4, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹285, which is 1.38% below the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹289 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹-4 and a lot size of 51 shares.
ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-11-11 | ₹289 | ₹-4(-1.38%) | 2024-11-11 |
ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 2.93 |
| Debt/Equity | 3.89 |
| RoNW | 0.07 |
| P/BV | 7.77 |
| PAT Margin (%) | 0.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.36 | 0.09 |
| P/E (x) | 21.63 | 3147.37 |
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Competitive 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
Download regulatory filings
ACME Solar Holdings Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Wednesday, November 6, 2024 |
| IPO Close Date | Friday, November 8, 2024 |
| Basis of Allotment | Monday, November 11, 2024 |
| Initiation of Refunds | Tuesday, November 12, 2024 |
| Credit of Shares to Demat | Tuesday, November 12, 2024 |
| Listing Date | Wednesday, November 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹ 14,739 |
| Retail (Max) | 13 | 663 | ₹ 1,91,607 |
| S-HNI (Min) | 14 | 714 | ₹ 2,06,346 |
| S-HNI (Max) | 67 | 3,417 | ₹ 9,87,513 |
| B-HNI (Min) | 68 | 3,468 | ₹ 10,02,252 |