| Company Name | ACME Solar Holdings Limited |
| Open Date | 06-11-2024 |
| Close Date | 08-11-2024 |
| Exchange | BSE, NSE |
| Lot Size | 51 Shares |
| Issue Price | ₹275 to ₹ 289 per share |
| Issue Size | 100,346,022 shares |
| Application Amount | Min- ₹14,739 (51 shares), Max - ₹1,91,607 (663 shares) |
| Recommendation | Avoid |
Background: Incorporated in 2015, ACME Solar is a
renewable energy company with its registered office
being in Gurugram, Haryana, India.
▪ Business Activity: The company is a renewable
energy company in India with a portfolio of solar,
wind, hybrid and firm and dispatchable renewable
energy (“FDRE”) projects.
▪ Revenue: The company generates revenue through
the sale of electricity.
▪ Human Resource: As on June 30, 2024, the company
had 246 employees on its pay roll.
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 1,487.90 | 1,294.90 | 1,067.62 |
| EBITDA | 1,240.32 | 1,172.59 | 857.92 |
| Net Profit | 62.01 | -3.17 | 11.94 |
| RoCE | 7.20% | 6.13% | 5.43% |
| ROE | 3.25% | -0.17% | 0.46% |
| P/E | 258.04 | - | 23.03 |
| Opening Date | 06/11/2024 |
| Closing Date | 08-11-2024 |
| Basis of Allotment | 11-11-2024 |
| Initiation of Refunds | 12-11-2024 |
| Credit of Shares to Demat | 12-11-2024 |
| Listing Date | 13-11-2024 |
| Repayment/prepayment, in full or part, of certain borrowings availed by the Subsidiaries |
| General Corporate Purposes |
| Registered Office | ACME Solar Holdings Limited Plot No. 152 Sector 44 Gurugram - 122002 |
| Phone | +91 1247117000 |
| cs.acme@acme.in | |
| Website | https://www.acmesolar.in/ |
| Name | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| acmesolar.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| 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 |
| Share Holding Pre Issue (Promoters) | 100.00% |
| Share Holding Post Issue (Promoters) | 83.42% |