ACME Solar Holdings IPO GMP, Price, Date, Details
Acme Solar Holdings Pvt. Ltd. is one of the leading players of the renewable energy market and focuses on generation of solar energy in India. Established in 2010 and headquartered in Gurugram, Haryana, Acme Solar is specialized in large scale solar power development that can help India to meet its sustainable energy and climate commitments. Company wants to fulfill the increasing energy requirements from more people through green energies. It meets India’s mission and vision of increasing the use of renewable energy sources, and decreasing carbon footprint.
Significant Developments and Achievements of ACME Solar Holdings
Since its establishment, Acme Solar Holdings has recorded tremendous growth. Thus in a comparatively short period the company designed and commissioned many solar power plants right across the country and has emerged as a front-runner in the renewable energy sector. Most of the projects implemented by Acme solar are located in high solar irradiation zones within Rajasthan Uttar Pradesh, Madhya Pradesh Karnataka and Andhra Pradesh where weather conditions are suitable for enhanced generation of solar energy in India. Currently the company has more than 72 projects with combined capacity in excess of 2.9 GW and therefore is the leading IPP holder in India and an important player in the solar energy market.
Some of the major milestones include the development of the largest single location solar plant in Rajasthan for Acme Solar. This project has played an important role to the local economy for its employment and showing signs of improvement in its important structure as well as to the Indian renewable energy segments for its great boost.
Business Model and Operations
The business activities of Acme Solar Holdings is mainly focused on the development, acquisition and management of solar power plants. They supply large contracts either by tender or bidding on their own and on behalf of some of India’s ambitious solar power programs like the National Solar Mission. It has an operation strategy that focuses on cost and technological advancement in the delivery of superior performance. Acme Solar’s plants involve photovoltaic (PV) which entails the use of solar power to generate electricity hence, tariff efficient.
In the same way, the company enjoys some power purchase agreements (PPA) with state as well as central agencies which in a way gives a green signal to its projects from the financial point of view. Acme Solar has also extended its business in hybrid renewable projects with solar integrated with either wind or battery storage for higher power generation and stability. The diversification in its portfolio makes Acme Solar an influential organization in not only fulfilling but also, also in balancing the energy requirements of India.
Technological Innovation of Acme Solar Holdings
Acme Solar operates solar power plants by using efficient technology to enhance generation efficiency and project life cycle. It also adopts new practices such as the use of robotic systems for cleaning without water, the installation of sensors that adjust the angle of solar panels depending on the time of day. All these incorporation depict Acme’s reliability on sustainable operational techniques hence cutting on the costs of operation and the effects the company has on the environment.
Further, sponsoring its R&D, Acme Solar works in partnership with the world renowned technology organizations and research institutes it wants to align its technology profile with the current and next gen renewable energy technology conventions. This specific focus on innovation enables Acme Solar to decrease its Levelized Cost of Energy (LCOE) and thus the cost of solar energy.
Environmental and Social impact
The projects being undertaken at Acme Solar are; Environmental and Social Impact Assessment and policies. It means that through use of solar energy, Acme Solar helps to cut down immensely on the emissions of greenhouse gasses. It reckons that its solar projects enable it to prevent millions of tonnes of carbon emissions each year to fulfill India’s Paris Accord pledges.
Apart from environmental concerns, Acme Solar is committed to contributing towards the society around the vicinity of the projects implemented. The benefits delivered to the company from the improvement of the quality of life and development of infrastructure in these communities include education and healthcare support and infrastructure for economic growth. As evidenced from CSR activities that Acme engages in, the company is very much concerned with its overall development and that of the society.
Financial Performance and Industry Challenges
Being one of the key market players in the capital-intensive industry, Acme Solar’s financial dynamics depends on governmental actions such as policymaking and tariff implementation as well as the circumstances regarding financing of the large-scale projects. It has brought investment from not only small local investors but also big international firms and financial organizations proving that Acme Solar is capable of growing. That the future tariff uncertainties, regulatory changes and competition existed as some of the threats that Acme Solar has so far faced in the market, it has been able to withstand and compete well through key alliances and having a project mix.
Confronting factors that impact the Indian solar market are problems with land acquisition, grid constraints, and tariff volatility. But for Acme Solar, they still ensure they deal with such challenges through effective project management, signing of lower cost PPAs, engaging with government officials to ensure a better operating climate.
Future Trends and Market Development Plan
As India set its sights on 450 GW of renewable power by FY 2030, Acme Solar is poised for growth in the renewable energy space. Based on the growth strategy of the solar industry, the company aims to develop its installed capacity from utility-scale solar plants with a potential in hybrid systems and energy storage. As for Acme Solar, it also considers expansion in the international market, using the company’s experience to satisfy the increasing demand for clean energy products in the world.
Acme Solar plans to diversify in terms of business models and develop new models as forward looking as leasing out land to other renewable players and an isolated power building system that could also act as a backup system. This diversification will probably benefit the company during the changes in the renewable energy niche and the policy related to it.
Acme Solar Holdings IPO Details
ACME Solar Holdings IPO GMP listed with ₹2900.00 Cr opens for IPO from 06/11/2024 to 08/11/2024. The IPO is made up of ₹2395.00 cr of fresh issue and ₹505.00 of offer through sale of shares.
The face value is Rs 2 and price band has been set to 275.00-289.00 per share. You may bid for the ACME Solar Holdings Mainline IPO with a minimum lot size of 51 shares with the total valuation of Rs 14739.
Currently, the tentative listing date on the exchange (BSE, NSE) will be on 13-11-2024.
You can also find the details of ACME Solar Holdings IPO Mainline related to business and financials, live subscription, allotment, grey market premium (GMP), listing date & price.
Acme Solar Holdings IPO GMP Details
IPO Issue Opening Date | 6th Nov 2024 |
IPO Issue Closing Date | 8th Nov 2024 |
IPO Issue Price | ₹275.00-289.00 Per Share |
IPO Listing At | BSE, NSE |
Retail Quota | Not more than 10% of the Net Issue |
IPO Issue Type | Book Build Issue |
IPO Issue Size | ₹2900.00 Cr |
Offer for Sale | ₹505.00 Cr |
Fresh Issue | ₹2395.00 Cr |
Face Value | ₹2 Per Equity Share |
IPO Discount | Employee: INR 27.00 |
Promoter Holding Pre IPO | 100.00% |
ACME Solar Holdings IPO Important Dates
Get important updates regarding ACME Solar Holdings IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
IPO Activity | Date |
Basis of Allotment Date | 11th Nov 2024 |
Refunds Initiation | 12th Nov 2024 |
Credit of Shares to Demat | 12th Nov 2024 |
IPO Listing Date | 13th Nov 2024 |
ACME Solar Holdings IPO GMP :
Not getting traded in the Grey Market.
ACME Solar Holdings IPO Lots Allotment
IPO Activity | Date |
Issue Price | ₹275.00-289.00 |
Market Lot: | 51 Shares |
1 Lot Amount: | ₹14739 |
Min Small HNI Lots(2-10 Lakh): | 714 shares (14 lots) – ₹206346 |
Min Big HNI Lots(10+ Lakh): | 3468 shares (68 lots) – ₹1002252 |
ACME Solar Holdings IPO Financial Data
ACME Solar Holdings Limited’s revenue increased by 7.71% and profit after tax (PAT) rose by 22084.28% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
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 | 697.78 | -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 |
ACME Solar Holdings IPO Opportunities
- India’s largest independent renewable energy Producer
- There must be robust within-house strengths to develop and implement academic project plans.
- Relatively stable cash flows for the long-term because it is able to secure contracts with the central and state governmental bodies.
- A team of well qualified promoters and managers
Objectives of ACME Solar Holdings IPO
The Company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”)
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and
- General corporate purposes
Also Read : Godavari Biorefinaries IPO
FAQ'S
What is the ACME Solar Holdings IPO ?
The ACME Solar Holdings IPO is the first sale of shares in the stock market by ACME Solar, a renewable energy company located in India which intends to generate funds by issuing its shares.
What are the dates for the ACME Solar Holdings IPO ?
The particular periods of time within the IPO is also not yet determined to the days. They encourage investors to read official statements or, at the very least, seek the accurate dates from credible financial outlets.
What is the issue price of ACME Solar Holdings IPO ?
The number of shares on offer and the offer price or price at which the IPO will be sold to the public will be stated on the IPO documents. While we wait for the accurate announcement, we should keep an eye on the price band.
What is the lot size of the ACME Solar Holdings IPO ?
The IPO lot size thus refers to the quantity within which the amount to be tendered can be paid for in share lots. The actual lot quantity will be outlined in the IPO particulars earlier than the corporate’s IPO is launched.
What is the listing date of ACME Solar Holdings IPO ?
Nonetheless the listing date, that is the date on which the shares will be floated in the stock exchange, will be available only after allotment. More often, this is done within a week or two after the closing of the IPO particular, after the closing of the IPO.
