91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

ACME Solar Holdings Limited IPO Analysis

ACME Solar Holdings IPO is a Book Building 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 posted revenues of ₹ 1360.04 crores and PAT of ₹ 5.56 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,238.40 Cr.
            EBITDA: ₹ 1,086.80 Cr.
            PAT: ₹ 5.20 Cr.
  • EBITDA Margin: 87.76 %
            Pat Margin: 0.42 %
  • Net Worth: ₹ 1942.10 Cr.
  • Market Capitalisation: ₹ 17486.81 Cr.
  • P/E: 3147.37 times
  • P/BV: 3.61 times
  • EV/EBITDA: 23.73 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

ACME Solar IPO Financial Performance (Restated)

Financial results of ACME Solar Holdings IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Jun-24 FY24 FY23 FY22
Balance Sheet
Assets 13985.10 13399.80 12186.90 10886.70
Net Worth 1942.10 2590.80 1900.50 1908.70
Total Debt 9319.90 8217.50 8657.20 7563.50
Profit & Loss
Revenue
Revenue on annualised basis
309.60
1,238.40
1319.20 1294.90 1487.90
EBITDA
EBITDA on annualised basis
271.70
1,086.80
1089.10 1172.50 1240.30
PAT
PAT on annualised basis
1.30
5.20
697.70 -3.10 62.00
Financials
30-Jun-24
FY24
FY23
FY22
Balance Sheet
Assets
13985.10
13399.80
12186.90
10886.70

Net Worth
1942.10
2590.80
1900.50
1908.70

Total Debt
9319.90
8217.50
8657.20
7563.50

Profit & Loss
Revenue
Revenue on annualised basis
309.60
1,238.40
1319.20
1294.90
1487.90

EBITDA
EBITDA on annualised basis
271.70
1,086.80
1089.10
1172.50
1240.30

PAT
PAT on annualised basis
1.30
5.20
697.70
-3.10
62.00

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

ACME Solar IPO Key performance Indicators (KPI)

ACME Solar Holdings IPO PAT Margin is 0.42 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows ACME Solar Holdings IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Jun-24 FY24 FY23 FY22
EBITDA Margin (%) 87.76 82.56 90.55 83.36
PAT Margin (%) 0.42 52.89 -0.24 4.17
EPS (₹) 0.03 12.55 -0.06 1.12
ROE (%) 0.07 26.93 -0.16 3.25
ROCE (%) [●] [●] [●] [●]
ROA (%) 0.01 5.21 -0.03 0.57
Debt to Equity 4.80 3.17 4.56 3.96
Particulars
30-Jun-24
FY24
FY23
FY22

EBITDA Margin (%)
87.76
82.56
90.55
83.36

PAT Margin (%)
0.42
52.89
-0.24
4.17

EPS (₹)
0.03
12.55
-0.06
1.12

ROE (%)
0.07
26.93
-0.16
3.25

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
0.01
5.21
-0.03
0.57

Debt to Equity (x)  
4.80
3.17
4.56
3.96

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

ACME Solar Holdings IPO Valuation Metrics

The market Capitalisation of ACME Solar Holdings IPO is ₹ 17486.81 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
17486.81

Enterprise Value (EV) (₹ Cr.):
25,786.01

EV/EBITDA (times) :
23.73

PE Multiple (times) :
3147.37

P/B (times) :
3.61

NAV (₹) :
37.19

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in ACME Solar prospectus?

The ACME Solar Holdings IPO prospectus highlights an Return on Equity (ROE) of 0.07 % , Return on Assets (ROA) of 0.01 %, and an EBITDA Margin of 87.76 %, showcasing financial performance.

How do profitability ratios impact the evaluation of ACME Solar IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows ACME Solar Holdings IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for ACME Solar IPO ?

The post-IPO market capitalisation of ACME Solar Holdings IPO is ₹ 17486.81 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of ACME Solar IPO?

The ACME Solar Holdings IPO has a Price-to-Earnings (PE) ratio of 3147.37 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of ACME Solar Holdings IPO?

ACME Solar Holdings IPO reported revenue of ₹ 1360.04 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from ACME Solar Holdings IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of ACME Solar Holdings IPO?

ACME Solar Holdings recorded an EBITDA of ₹ 1,086.80 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of ACME Solar Holdings IPO?

ACME Solar Holdings Profit After Tax (PAT) is ₹ 5.20 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,238.40 Cr.
            EBITDA: ₹ 1,086.80 Cr.
            PAT: ₹ 5.20 Cr.
  • EBITDA Margin: 87.76 %
            Pat Margin: 0.42 %
  • Net Worth: ₹ 1942.10 Cr.
  • Market Capitalisation: ₹ 17486.81 Cr.
  • P/E: 3147.37 times
  • P/BV: 3.61 times
  • EV/EBITDA: 23.73 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

ACME Solar Holdings operates in Solar and Renewable Energy Projects And Power Generation.. The Issue is listed on BSE,NSE in Nov, 2024. ACME Solar Holdings IPO size was 2900.00 with Issue price of 289.00 .

Merchant Banker(s) of ACME Solar Holdings IPO: ICICI Securities Limited , Jm Morgan Stanley Private Limited , Kotak Mahindra Capital Company Limited , Morgan Stanley India Company Private Limited , Nuvama Wealth Management Limited

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 248.74.

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