ACME Solar Holdings Limited (MAINBOARD)
Nov 6, 2024 - Nov 8, 2024
| Price | ₹275 - ₹289 |
| Premium | ₹-4 |
|---|---|
| Lot size | 51 |
| Allotment | Nov 11, 2024 |
| Listing | Nov 13, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 51 | 14739 | 196078 |
| sHNI | 14 | 714 | 206346 | 7003 |
| bHNI | 68 | 3468 | 1002252 | 14006 |
Last updated on 08-Nov-2024 18:59:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 30000000 | 111556023 | 3.72 |
| HNIs | 15000000 | 15268737 | 1.02 |
| HNIs 10+ | 10000000 | 9059793 | 0.91 |
| HNIs 2+ | 5000000 | 6208944 | 1.24 |
| Retail | 10000000 | 32550444 | 3.26 |
| Employees | 346021 | 640254 | 1.85 |
| Total | 55346021 | 160015458 | 2.89 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 14006 | 1640 | 0.12 |
| HNIs (2-10L) | 7003 | 7881 | 1.13 |
| Retail | 196078 | 582913 | 2.97 |
| Employee | - | 8702 | - |
| Total Applications: 601136 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 867 | 3223.97 | 3.72 |
| FIIs | - | 2131.77 | - |
| DIIs | - | 530.35 | - |
| Mutual funds | - | 435.13 | - |
| Others | - | 126.72 | - |
| HNIs | 433.5 | 441.27 | 1.02 |
| HNIs 10+ | 289 | 261.83 | 0.91 |
| HNIs 2+ | 144.5 | 179.44 | 1.24 |
| Retail | 289 | 940.71 | 3.26 |
| Employees | 10 | 18.5 | 1.85 |
| Total | 1599.5 | 4624.45 | 2.89 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.44 | @8% ₹1.65 | @9% ₹1.86 | @10% ₹2.06 | @11% ₹2.27 | @12% ₹2.47 |
ACME Solar Holdings IPO Details
| Total Issue Size | [100,346,022] shares (aggregating up to ₹2900.00 Cr) |
| Fresh Issue | [82,871,973] shares (aggregating up to ₹2,395.00 Cr) |
| Offer for Sale | [17,474,049] shares of ₹2 (aggregating up to ₹505.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 522,207,910 |
| Share holding post issue | 605,079,882 |
ACME Solar Holdings IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Key Performance Indicator
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 2.93% | 38.83% | 25.34% |
| RONW | 0.07% | 26.93% | -0.17% |
| D/E | 3.89 | 2.66 | 3.85 |
| EPS (basic) | 0.03 | 12.55 | -0.06 |
| P/E Pre IPO | 21.9 | ||
| P/E Post IPO | 3147.37 |
Financial Statement (Restated)
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 13,985.14 | 13,394.13 | 12,186.95 | 10,887.62 |
| Revenue | 340.01 | 1,466.27 | 1,361.37 | 1,562.73 |
| Profit After Tax | 1.39 | 689.26 | -3.17 | 62.01 |
| Net Worth | 1,942.12 | 2,590.87 | 1,900.56 | 1,908.76 |
| Reserves and Surplus | 1,837.68 | 1,836.43 | 1,146.12 | 1,154.32 |
| Total Borrowing | 9,319.91 | 8,217.59 | 8,657.35 | 7,563.60 |
| Amount in Crore | ||||
About Company
ACME Solar Holdings Limited, incorporated in June 2015, is a prominent renewable energy power producer in India, specializing in wind and solar energy. With a focus on large-scale renewable projects, the company develops, builds, owns, operates, and maintains projects through its in-house engineering, procurement, and construction (EPC) division, supported by a dedicated operations and maintenance (O&M) team. Revenue generation primarily stems from electricity sales to various off-takers, including central and state government-backed entities. As of March 31, 2024, ACME Solar had an operational project capacity of 1,320 MW (1,802 MWp) in solar power. Its contracted under-construction capacity stands at 1,650 MW, comprising 1,500 MW (2,192 MWp) of solar and 150 MW of wind power projects. Additionally, ACME Solar holds an under-construction awarded capacity of 2,380 MW, which includes 300 MW of solar, 830 MW of hybrid, and 1,250 MW of Fully Dispatchable Renewable Energy (FDRE) projects, reflecting its significant role in India's renewable energy landscape.
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Market Leadership in Renewable Energy: ACME Solar is one of India’s largest independent power producers (IPP) in the renewable energy sector, capitalizing on strong industry growth and demand.
Integrated Project Capabilities: The company manages an end-to-end value chain for renewable energy projects through in-house project development, EPC, and O&M teams, enhancing efficiency and control.
Diverse Renewable Portfolio: ACME Solar boasts a broad and varied portfolio that spans solar, wind, hybrid, and fully dispatchable renewable energy (FDRE) projects, reducing risk and enhancing stability across market segments.
Reliance on Competitive Auctions: ACME Solar’s ability to expand its project portfolio depends on winning highly competitive renewable energy auctions, which could impact future growth if not successful.
Dependency on Key PPAs: The company’s revenue generation is tied to Power Purchase Agreements (PPAs), with terms that may expose it to risks impacting operations and cash flow stability.
Revenue Concentration: With 87-90% of revenue from its top 10 off-takers, losing any major off-taker could significantly affect ACME Solar’s financial health and operational results.
Phone: 04067162222, 04079611000
Email: acmesolar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/