Acme Solar Holdings Limited Opens On November 06. Check IPO Details Issue Date Price

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Acme Solar Holdings Limited Opens On November 06. Check IPO Details Issue Date Price

November 06, 2024
Acme Solar Holdings Limited Opens On November 06. Check IPO Details Issue Date Price

Acme Solar Holdings Limited is coming out with a fresh public issue to raise Rs. 2900 crores from the market.

Below are the details of the Acme Solar Holdings Limited IPO:

  • Issue opens – November 06 (Wednesday)
  • Issue closes – November 08 (Friday)
  • Issue size – Rs. 2900 crores
  • Price band – Rs. 275 - 289 per equity share
  • Bid lot – 51 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Acme Solar Holdings Limited is a 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 June 30, 2024. 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 state government-backed entities.
  • They have an aggregate Operational Project capacity of 1,340 MW (1,826 MWp) solar power projects; Under Construction Contracted Project capacity of 3,250 MW including solar power projects of 1,500 MW (2,192MWp), wind power projects of 150 MW, hybrid projects of 1,030 MW and FDRE projects of 570 MW; and Under Construction Awarded Project capacity of 1,730 MW comprising 600 MW (870 MWp) of solar power projects, 450 MW hybrid power projects and 680 MW of FDRE power projects, as of the date of this Red Herring Prospectus.
  • They have an integrated in-house business platform to execute and operate their projects across their life cycles from bid submission until it achieves commercial operations as well as their operations and maintenance. The key activities performed by their team include tendering and bidding, land acquisition and obtaining relevant approvals, financial closure, design engineering, procurement, construction and O&M

Issue Size: Rs.2900 Cr.


Employee Reservation: Up to Rs. 10 crores


Employee Discount: Rs. 27 per Equity Share


Issue break-up:

QIB - 75 % of the net offer - Rs. 2167.50 Cr
NIB - 15 % of the net offer - Rs. 433.50 Cr
RET - 10 % of the net offer - Rs. 289.00 Cr

Listing: BSE & NSE

Registrar: KFin Technologies Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Friday, November 8th, 2024.

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