ACME Solar Holdings Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 75,000,001 (75%) | — | ₹216,750 Cr |
| NII (HNI) | — | 14,999,999 (15%) | — | ₹43,350 Cr |
| Retail | — | 9,999,999 (10%) | — | ₹2,890 Cr |
| Employee | — | 381,679 (0%) | — | ₹110 Cr |
| Σ Total | — | 100,381,678 (100%) | — | ₹2,901,030 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,739 |
| Retail (Max) | 13 | 663 | ₹191,607 |
| S-HNI (Min) | 14 | 714 | ₹206,346 |
| B-HNI (Min) | 67 | 3,417 | ₹987,513 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 340 | 1,466 | 1,361 |
| Profit After Tax | 1 | 698 | -3 |
| Net Worth | 1,942 | 2,591 | 1,901 |
| Total Assets | 13,985 | 13,394 | 12,187 |
| Reserves & Surplus | 1,838 | 1,836 | 1,146 |
| Total Borrowing | 9,320 | 8,218 | 8,657 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and –
- General corporate purposes. –
Company Overview
Incorporated In June 2015, Acme ACME Solar Holdings Limited is an Indian electricity producer from renewable energy sources. The company is one of the largest producers of electricity from wind and solar energy in India.
The company specializes in the development, construction, ownership, operation and maintenance of large-scale renewable energy projects. The company achieves this through its in-house engineering, procurement and construction (EPC) division and operations and maintenance (O&M) team. The company's revenue is generated by selling electricity to various customers, including plants supported by the central and state governments.
As of March 31, 2024, the company had a total operational project capacity of 1,320 MW (1,802 MWp) in solar power projects. In addition, it had a contracted project capacity of 1,650 MW, comprising 1,500 MW (2,192 MWp) of solar power projects and 150 MW of wind power projects. In addition, the awarded project capacity under construction amounted to 2,380 MW, consisting of 300 MW of solar power projects, 830 MW of hybrid power projects and 1,250 MW of FDRE power projects.
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; and
- Experienced promoters and management team
As of March 31, 2024, the company had 214 permanent employees in various departments.