ACME Solar Holdings Limited

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Offer Period :

ACME Solar Holdings, one of India's largest solar Independent Power Producers (IPPs), operates a portfolio of solar projects totaling 2,351 MWp. They develop, build, own, Read more...operate, and maintain grid-connected solar projects, selling electricity to government entities, aiming for capital efficiency through advanced PV technology and cost-effective project management.Read less

ACME Solar Holdings Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

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Allotment Date

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Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

ACME Solar Holdings Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

ACME Solar Holdings Limited IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

ACME Solar Holdings Limited IPO Lead Manager

1. Nuvama Wealth Management Ltd

2. ICICI Securities Ltd

3. JM Financial Ltd

4. Kotak Mahindra Capital Company Ltd

5. Motilal Oswal Investment Advisors Ltd

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ACME Solar Holdings Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of ACME Solar Holdings Limited

1. Large renewable energy player well positioned to capitalize on strong industry tailwinds in our IPP business.

2. End-to-end value chain capabilities and an integrated approach to developing renewable power projects by our in-house project development, EPC and O&M teams.

3. Expansive portfolio diversified across different renewable energy technologies.

4. Long-term stable cash flows based on contracts with central and state government entities.

5. Access to diversified sources of funding.

6. Design and value engineering leading to higher efficiencies.

7. Committed Promoters and senior management team.

Risks Involved

1. We may not be able to grow our portfolio of renewable energy power projects as we rely on highly competitive renewable energy power project auctions. Further, our future growth is significantly dependent on successfully executing our Under Construction Awarded Projects and Under Construction Contracted Projects. In the event, we are not successful in executing our future projects, our business and results of operations may be adversely impacted.

2. We are dependent on our Power Purchase Agreements ("PPA") to sell power and generate our revenue from operations. Further, the terms of our PPAs may expose us to certain risks that may affect our future results of operations and cash flows.

3. Our business is dependent on our top 10 off-takers, which contributed 89.97%, 89.15% and 87.77% of our revenue from operations in Fiscal 2024, 2023 and 2022, respectively. The loss of any of these offtakers could have an adverse effect on our business, financial condition, results of operations and cash flows.

4. We procured 79.37%, 69.84% and 69.95% of our total purchases in Fiscal 2024, 2023 and 2022, respectively from ACME Cleantech, our top supplier. Further, we do not have definitive supply agreements with our vendors for the supply of components and any interruptions in supply could adversely affect our business, financial condition, results of operations and cash flows.

5. Our Company, ACME Cleantech and ACME Solar Energy have received certain office orders from the Directorate of Enforcement in connection with investigations under the Foreign Exchange Management Act, 1999, as amended. MKU Holdings has also received a questionnaire from the Directorate of Enforcement and subsequently, notices from the Assistant Commissioner of Police, Economic Offences Wing, Gurugram and the Office of the Assistant Commissioner of Police, Delhi, Economic Offences Wing in connection with an ongoing investigation being undertaken under the provisions of Prevention of Money Laundering Act, 2002 against IREO group of companies.

6. We are dependent on our relationship with one of our Promoter's, ACME Cleantech and any adverse developments in such relationship may adversely affect our business and reputation.

7. While we have extensive experience in commissioning solar power projects, we do not have experience in commissioning wind, hybrid FDRE power projects and closed loop pump storage projects. Without prior experience in commissioning such projects we could encounter delays, and unexpected costs, undermining project viability and profitability.

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

9. A certain portion of the land on which our renewable power projects are or will be located may require certain approvals and permits in order for us to use such land for developing such projects. In the event we are unable to obtain such approvals and permits, our business, results of operations, cash flows and financial condition could be adversely affected.

10. There is a limited pool of potential purchasers of utility scale quantities of electricity and the possibility that counterparties to our PPAs may not fulfill their obligations could expose us and our power projects to risks which could have an adverse effect on our business, results of operations and cash flows.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

ACME Solar Holdings Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE622W01017
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is ACME Solar Holdings Limited IPO?

Answer Field

ACME Solar Holdings Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When ACME Solar Holdings Limited IPO will open?

Answer Field

The ACME Solar Holdings Limited IPO opens on [-] and closes on [-].

What is the lot size of ACME Solar Holdings Limited?

Answer Field

ACME Solar Holdings Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for ACME Solar Holdings Limited IPO?

Answer Field

You can apply in ACME Solar Holdings Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is ACME Solar Holdings Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for ACME Solar Holdings Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is ACME Solar Holdings Limited IPO listing date?

Answer Field

The ACME Solar Holdings Limited listing date is [-].

Who is the registrar of ACME Solar Holdings Limited IPO?

Answer Field

The registrar of ACME Solar Holdings Limited IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Nuvama Wealth Management Ltd,ICICI Securities Ltd,JM Financial Ltd,Kotak Mahindra Capital Company Ltd,Motilal Oswal Investment Advisors Ltd will be the book-running lead manager of this IPO.

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

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to ACME Solar Holdings Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for ACME Solar Holdings Limited IPO?

Answer Field

To apply for ACME Solar Holdings Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of ACME Solar Holdings Limited?

Answer Field

The price of each ACME Solar Holdings Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for ACME Solar Holdings Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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