73  Total SME IPOs listed in 2025

3,196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

ACME Solar Holdings IPO (ACME Solar Holdings Limited IPO) Detail

ACME Solar Holdings IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 2900.00 Cr. The company is based in New Delhi and caters to Solar sector. ICICI Securities , Jm Morgan Stanley , Kotak Mahindra Capital Company , Morgan Stanley India Company , Nuvama Wealth Management are the merchant bankers of ACME Solar Holdings IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 2nd July 2024.

ACME Solar Holdings IPO open date is 6th November 2024 and close date is 8th November 2024. IPO Allotment Date is 11th November 2024 and Listing date is 13th November 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 2900.00 Cr. Avg IPO Size (Sector Based) : ₹ 2,710.80 cr.
  • Sector: Solar IPO so far: 5
  • Merchant Banker: ICICI Securities IPO by BRLM so far: 164
  • City: New Delhi IPO so far: 123
  • Revenue (annualised): ₹ 1360.04 cr.
            PAT: (annualised): ₹ 5.56 cr. Read Financial Information >>
  • PE Ratio: 3147.37x Average Sector PE Ratio: 17.99x

ACME Solar Holdings IPO Date

Date of DRHP:
2nd July 2024
IPO Open Date:
6th November 2024
IPO Close Date:
8th November 2024
IPO Allotment Date:
11th November 2024
Initiation of Refund:
12th November 2024
IPO Listing Date:
13th November 2024

ACME Solar IPO Info, Size, Subscription

ACME Solar Holdings IPO size is ₹ 2900.00 Cr. with IPO price of ₹ 289.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 2900.00 Cr.

Issue Price:
₹ 289.00

Market Capitalisation :
₹ 17486.81 Cr.

PE multiple :
3147.37

Subscription :
2.89 times

Pre Issue Promoter Holding :
100.00 %

Post Issue Promoter Holding :
83.41 %

ACME Solar Holdings IPO Information

Sub Sector : renewable energy projects and power generation.
ACME Solar Holdings Limited is the renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (“FDRE”) projects. They are one of the largest renewable energy independent power producers (“IPP”) in India and among the top 10 renewable energy players in India in terms of operational capacity as of March 31, 2024 and over the years, they have diversified and expanded their portfolio from solar power projects to become an integrated renewable energy company in India. They develop, build, own, operate and maintain utility scale renewable energy projects (through their in-house engineering, procurement and construction (“EPC”) division and operation and maintenance (“O&M”) team, and generate revenue through the sale of electricity to various off-takers including central and
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Object of Issue (ACME Solar IPO Objectives)

  • Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries
  • General Corporate Purposes

ICICI Securities Limited is the book-running lead manager of the ACME Solar Holdings IPO. Kfin Technologies Limited is the Registrar for ACME Solar Holdings IPO.

ACME Solar Holdings IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is ACME Solar Holdings IPO?

ACME Solar Holdings IPO, based in New Delhi, operates in the   Solar sector with a focus on renewable energy projects and power generation.. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. ACME Solar Holdings IPO size is ₹ 2900.00 Cr. with fresh issue size of ₹ 2395.00 Cr. and Offer for sale being ₹ 505.00Cr.

When is ACME Solar IPO allotment?

The IPO allotment date for ACME Solar Holdings IPO is expected to be 11th November 2024, after the finalization of basis of allotment. Investors can check ACME Solar Holdings IPO allotment status on the registrars website, Kfin Technologies Limited . ACME Solar Holdings IPO refund dates are 12th November 2024.

When is ACME Solar Holdings IPO listing date?

ACME Solar Holdings IPO is expected to be listed on 13th November 2024.

What is the price band for ACME Solar IPO?

The upper price band for the ACME Solar Holdings IPO is set at ₹ 289.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is ACME Solar Holdings IPO Review?

For IPO analysis on ACME Solar Holdings IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for ACME Solar Holdings IPO?

To apply for the ACME Solar Holdings IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 8th November 2024. After submission, funds are blocked until the basis of allotment of ACME Solar Holdings IPO is finalised.

Who is the merchant banker of ACME Solar IPO?

The merchant banker for ACME Solar Holdings IPO is ICICI Securities Limited , Jm Morgan Stanley Private Limited , Kotak Mahindra Capital Company Limited , Morgan Stanley India Company Private Limited , Nuvama Wealth Management Limited . ICICI Securities Limited , Jm Morgan Stanley Private Limited , Kotak Mahindra Capital Company Limited , Morgan Stanley India Company Private Limited , Nuvama Wealth Management Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the ACME Solar Holdings IPO RHP for further details.

Who is the Registrar of ACME Solar Holdings IPO?

The registrar for ACME Solar Holdings IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to ACME Solar Holdings IPO through their official website or helpline.

What is the ACME Solar Holdings IPO subscription?

ACME Solar Holdings IPO was subscribed 2.89 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

ACME Solar Holdings IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on ACME Solar Holdings Financial Review Page

ACME Solar Holdings IPO subscription was 2.89 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

ACME Solar Holdings IPO listed at a listing price of 253.50 against the offer price of 289.00.

The current market price of ACME Solar Holdings is 250.85.

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