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ACME Solar Holdings Limited

  • Minimum Investment
    ₹14,025
  • Price Range
    ₹275 - ₹289
  • Issue Size
    ₹2,900.00 Cr
  • Lot Size
    51 shares

Proceeds of this IPO to be used for

Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the subsidiaries

General corporate purposes

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of ACME Solar Holdings Limited

Large renewable energy player

The company is 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, in India. The company has an aggregate operational capacity of 1,320 MW (1,802 MWp); under construction contracted capacity of 2,220 MW and under construction awarded capacity of 1,810 MW

End-to-end value chain capabilities

The company has an integrated in-house approach to executing its renewable projects across the entire life cycle of developing a project, from PPA signing to the project achieving commercial operations within 18 to 24 months and subsequently operating and maintaining the project

Expansive portfolio

The company has an expansive portfolio of projects diversified across different renewable energy technologies. The company's projects are located across 10 Indian states of Rajasthan, Gujarat, Punjab, Madhya Pradesh, Uttar Pradesh, Bihar, Chhattisgarh, Andhra Pradesh, Odisha and Telangana

Competitive Auctions

The company may not be able to grow its portfolio of renewable energy power projects as it relies on highly competitive renewable energy power project auctions. Further, the company's future growth is significantly dependent on successfully executing Under Construction Awarded Projects and Under Construction Contracted Projects

Dependent on PPA

The company is dependent on power purchase agreements (PPA) to sell power and generate revenue from operations. Further, the terms of the PPAs may expose the company to certain risks that may affect future results of operations and cash flows

Dependent on electricity grid

Any constraints in the availability of the electricity grid, including the company's inability to obtain access to transmission lines in a timely and cost-efficient manner, could adversely affect its business, results of operations, and cash flows

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
Total Current Assets--
Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About ACME Solar Holdings Limited

Acme Solar Holdings Ltd. was incorporated in Haryana on June 3, 2015. The company is a renewable energy player in India with a portfolio of solar, wind, hybrid, and firm and dispatchable renewable energy (“FDRE”) projects.
  • Promoter
    Mamta Upadhyay
  • Promoter
    Manoj Kumar Upadhyay
  • Promoter
    Upadhyay Family Trust
  • Promoter
    MKU Holdings Private Limited (“MKU Holdings”)
  • Promoter
    ACME Cleantech Solutions Private Limited (“ACME Cleantech”)

ACME Solar Holdings Limited IPO FAQs

What is ACME Solar Holdings Limited IPO?

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ACME Solar Holdings Limited IPO refers to the initial public offering of shares by ACME Solar Holdings Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of ACME Solar Holdings Limited IPO?

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For ACME Solar Holdings Limited IPO the issue size is ₹2,900 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the ACME Solar Holdings Limited IPO?

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For ACME Solar Holdings Limited IPO the minimum investment is ₹14,025. The minimum investment for ACME Solar Holdings Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of ACME Solar Holdings Limited IPO?

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For ACME Solar Holdings Limited IPO the lot size is 51 shares. The lot size of ACME Solar Holdings Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for ACME Solar Holdings Limited IPO on Share.Market?

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To apply for ACME Solar Holdings Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the ACME Solar Holdings Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for ACME Solar Holdings Limited IPO?

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Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for ACME Solar Holdings Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

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The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

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You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of ACME Solar Holdings Limited IPO?

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For ACME Solar Holdings Limited IPO the allotment date is November 11, 2024. The allotment date of ACME Solar Holdings Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of ACME Solar Holdings Limited IPO?

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For ACME Solar Holdings Limited IPO, the subscription opens on November 6, 2024 and closes on November 8, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
2.75x Oversubscribed
Trade
Bidding Ongoing
-
Total Subscription
2.75x Oversubscribed
Trade