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Acme Solar Holdings Ltd.

Power Generation/Distribution

IPO Details
  • Issue Type Book building
  • Price range Rs.275-289
  • Market Lot 51
  • Total Equity Shares 58203223
  • Face Value Rs. 2
  • Listing Date Nov 13, 2024
IPO Timeline
Opening date Nov 06, 2024
Closing date Nov 08, 2024
Listing Date Nov 13, 2024

IPO Details

We are a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (“FDRE”) projects. We 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 March 31, 2024 (Source: CRISIL Report) and over the years, we have diversified and expanded our portfolio from solar power projects to become an integrated renewable energy company in India. We develop, build, own, operate and maintain utility scale renewable energy projects (through our 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. Our Company was established in 2015 to consolidate the ACME Group’s renewable energy business and to capitalize on the opportunities in the Indian renewable energy industry.

Projects

1. Project Name: Investment in our Subsidiaries for repayment/prepayment, in full or in part, of certain outstanding

Project Cost: 17950

Promoters

Prmoters Name

1. Manoj Kumar Upadhyay

2. Acme Cleantech Solutions Pvt Ltd

3. Mamta Upadhyay

4. MKU Holdings Pvt Ltd.

5. Upadhyay Family Trust

Prmoters Holdings
  • Pre Share Capital: 522207910
  • Pre Promoter Holding: 100
  • Offer to Public: 100346022
  • Post Share Capital: 504733862
  • Post Promoter Holding: 83.41

Registrar

Registrar Name:Karvy Computershare Pvt Ltd
Phone: 91-040-67161500
Email: einward.ris@karvy.com
Website: www.karvy.com

Lead Managers

  • ICICI Securities Ltd
  • Nuvama Wealth Management Ltd.
  • JM Financial Ltd.
  • Kotak Mahindra Capital Co Ltd

Subscription Details

Field Description Field Value
Ipo Code 1531
Total Equity 58203223

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 31527272
No of Shares Bid For Qualified Institutional Buyers 111556023
Total No of Shares Bid For Qualified Institutional Buyers 3.54
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 73763697
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 15056322
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 22736004
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 15763636
No of Shares Bid For Non-Institutional Buyers 15268737
Total No of Shares Bid For Non-Institutional Buyers 0.97
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 1429632
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 13350780
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 488325
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 10509090
No of Shares Bid For Retail Individual Investor 32550444
Total No of Shares Bid For Retail Individual Investor 3.10
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 28733604
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 3816840
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 403225
No of Shares Bid For Employee 640254
Total No of Shares Bid For Employee 1.59
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 583236
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 57018
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 58203223
No of Shares Bid For All 160015458
Total 2.75