ACME Solar Holdings IPO

ACME Solar Holdings IPO opens for subscription on November 6, 2024 and closes on November 8, 2024. The allotment for the ACME Solar Holdings IPO is expected to be finalized on Monday, November 11, 2024. ACME Solar Holdings IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, November 13, 2024.

ACME Solar Holdings IPO price band is set at ₹275 to ₹289 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,739. The minimum lot size investment for sNII is 14 lots (714 shares), amounting to ₹206,346, and for bNII, it is 68 lots (3,468 shares), amounting to ₹1,002,252.

ACME Solar Holdings IPO is a book built issue of Rs 2,900.00 crores. The issue is a combination of fresh issue of 8.29 crore shares aggregating to Rs 2,395.00 crores and offer for sale of 1.75 crore shares aggregating to Rs 505.00 crores.

ACME Solar Holdings IPO Details

ACME Solar Holdings IPO Lot Size

Investors can bid for a minimum of 51 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ACME Solar Holdings IPO Objectives

The Company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”)

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and
2. General corporate purposes.

About ACME Solar Holdings

Acme ACME Solar Holdings Limited, incorporated in June 2015, is a leading renewable energy producer in India, specializing in wind and solar power generation. Leveraging its in-house engineering, procurement, and construction (EPC) and operations and maintenance (O&M) teams, the company develops, constructs, owns, operates, and maintains large-scale renewable energy projects. Its revenue is primarily derived from selling electricity to customers, including government-backed plants. As of March 31, 2024, Acme ACME operates a total project capacity of 1,320 MW (1,802 MWp) in solar power, with additional contracted capacity of 1,650 MW across solar and wind projects and 2,380 MW under construction, including solar, hybrid, and FDRE projects. The company’s competitive strengths include its role as the largest renewable energy player in India’s Independent Power Producer (IPP) sector, a robust end-to-end value chain, a diversified renewable energy portfolio, stable long-term contracts with government entities, diversified funding access, efficient design and value engineering, and an experienced management team.

ACME Solar Holdings Limited Financial Information

ACME Solar Holdings IPO Reservation

ACME Solar Holdings IPO Timeline

ACME Solar Holdings IPO opens on November 6, 2024, and closes on November 8, 2024.