ACME Solar Holdings IPO

ACME Solar Holdings Ltd

₹14,025 /51 sharesMinimum Investment

ACME Solar Holdings IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹289.00₹251.00-₹38.00 (13.15%)

ACME Solar Holdings IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
6 Nov ‘24 - 8 Nov ‘24₹14,02551₹275 - ₹289
Issue SizeIPO Doc
2900.00Cr
RHP PDF

Subscription rate

As of 08 Nov'24, 04:00 PM
Qualified Institutional Buyers3.35x
Non-Institutional Investor0.89x
Retail Individual Investor2.90x
Employees1.48x
Total2.59x

About ACME Solar Holdings

ACME Solar Holdings is a renewable energy company in India. The company’s project portfolio includes solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE). The company generates revenue by selling electricity to different purchasers, including central and state government entities. The company is involved in the development, construction, ownership, and operation of utility-scale renewable energy projects and manages all phases of its energy projects with the help of the internal engineering, procurement, and construction (EPC) division and the operation and maintenance (O&M) team.;
Founded in
2015
Managing director
Mr. Manoj Kumar Upadhyay
Parent organisation
ACME Solar Holdings Ltd

Strengths & Financials of ACME Solar Holdings

Strengths
Risks
ACME Solar Holdings has an aggregate operational project capacity of 1,320 MW (1,802 MWp) in solar power projects.
The company also oversees projects under construction with a contracted capacity totalling 2,220 MW, which includes 1,500 MW (2,192 MWp) in solar, 150 MW in wind, and 570 MW in FDRE power projects. Additionally, ACME has an awarded project capacity under construction that adds up to 1,810 MW, consisting of 300 MW in solar, 830 MW in hybrid, and 680 MW in FDRE power projects.
The company claims to have an integrated in-house business platform that oversees the execution and operation of projects from the bidding phase through to commercial operations, including ongoing maintenance.
Before initiating any project, ACME Solar Holding claims to evaluate substations with available capacity and performs comprehensive assessments of solar irradiation, wind speed, and land availability. In FY24, the company secured 2,400 MW of connectivity and an additional 400 MW in April 2024, through arrangements with government and state entities.
ACME's project portfolio is diverse, covering various renewable energy technologies and spanning 10 Indian states, including Rajasthan, Gujarat, Punjab, Madhya Pradesh, Uttar Pradesh, Bihar, Chhattisgarh, Andhra Pradesh, Odisha, and Telangana.
The company claims to have a dedicated technology team that assesses new technologies and employs various software tools for in-house engineering from the bid stage to project execution. These tools help optimise design capacity and exploit FDRE project opportunities, using technology systems like breakdown voltage kits, I-V curve tracers, cable fault locators, thermal imagers, electroluminescence testing, and oil filtration machines. The company also utilises a central monitoring system, remote SCADA, and preventive maintenance portals for performance tracking.

ACME Solar Holdings Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of ACME Solar Holdings IPO

Apply asPrice bandApply upto
Regular275 - 289₹2 Lakh
Employee248 - 262₹2 Lakh
High Networth Individual275 - 289₹2 - 5 Lakh
For ACME Solar Holdings IPO, eligible investors can apply as Regular & Employee.
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