ACME Solar Holdings Limited

Lot Size
1 Lot = 51 Qty
Min Investment
₹14739
Subscription
Oversubscribed
Listing Gain
-36(Points)

IPO Details

Open Date
Nov 06, 2024
Close Date
Nov 08, 2024
Allotment Date
Nov 11, 2024
Allotment Date
Nov 11, 2024
Refund Initiation
Nov 12, 2024
Demat Transfer
Nov 12, 2024
Listing Date
Nov 13, 2024
Fresh Issue
2395
Offer For Sale
505
Issue Price
₹275 to ₹289
Face Value
₹2
Issue Type
Fresh Issue
Total Issue Size
2900 CR
QIB + NII Quota
75 + 15%
Retail Quota
10%
Listing On
NSE & BSE
Registrar
Link Intime India Pvt Ltd
Check Allotment Status

Company Financial Rusult In Crore

PERIOD ASSET REVENUE PROFIT
30-Jun-2024 13985.14 340.01 1.39
31-Mar-2024 13394.13 1466.27 697.78
31-Mar-2023 12186.95 1361.37 -3.17
31-Mar-2022 10887.62 1562.73 62.01
DRHP DRAFT

About The Company

ACME Solar Holdings Limited, incorporated in June 2015, stands among Indias premier renewable energy power producers, specializing in wind and solar energy generation. With expertise in large-scale renewable project development, ACME Solar Holdings focuses on a full-cycle approach: from engineering and procurement to construction and ongoing operations. The companys in-house EPC (engineering, procurement, and construction) and O&M (operation and maintenance) teams ensure optimal performance and longevity of its extensive renewable portfolio.

ACME Solar Holdings generates revenue by supplying electricity to diverse clients, including entities backed by central and state governments, establishing long-term revenue stability. Thus the company has long-term earning capacity. The company portfolio includes 1,320 MW (1,802 MWp) of operational solar project capacity as of March 31, 2024. 1,650 MW of solar and wind projects are under development. Besides, its won project capacity is 2,380 MW diversified in solar, hybrid, and FDRE project types, and underlines leading positions by the adoption of the most modern renewable technologies.

ACME Solars strengths include its position as one of India largest independent renewable power producers, a diversified technology portfolio, and a robust, integrated project development strategy. Contracts with government-backed entities further strengthen ACME revenue base, while access to varied funding channels and superior design and engineering deliver industry-leading efficiencies. The experienced leadership team and a dedicated workforce of 214 professionals contribute to the companys dynamic growth in India fast-evolving renewable energy sector.

With a steadfast commitment to sustainable energy, ACME Solar Holdings Limited continues to expand its footprint in India, driving the country renewable energy transformation and reinforcing its status as a powerhouse in clean energy.

ACME Solar Holdings - Strength and Weakness

Strength

  1. One of India largest renewable energy IPPs with 1,320 MW operational capacity.
  2. Strong project pipeline with 2,220 MW under construction contracted capacity.
  3. Diverse portfolio across solar, wind, hybrid, and FDRE technologies.

Weakness

  1. Concentrated revenue risk: 63.22% of revenue from Andhra Pradesh, Rajasthan, and Telangana.
  2. Dependence on government-owned transmission grids and infrastructure.
  3. Growth relies on winning highly competitive project bids.

 

 

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