ACME Solar Holdings IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 29, 2023The ACME Solar Holdings IPO is one of the latest IPO from ACME Solar Holdings Limited that is in compliance with the SEBI. Lets have a read here about the IPO release date, IPO offer price, IPO subscription, IPO allotment, grey market price and other details.
ACME Solar Holdings Limited IPO Review & Ratings by Top10StockBroker
| ACME Solar Holdings IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.3/10 |
| Industry Ranking | 7.2/10 |
| Company Background | 7.6/10 |
| Company Reputation | 7.3/10 |
| Competitive Edge | 7.1/10 |
| Financial Statements | 7.5/10 |
| Popularity Index | 7.1/10 |
| Promoters Reputation | 7.0/10 |
| Retail Appetite | 7.0/10 |
| Top Brokers Review | 7.2/10 |
| Overall Ratings | 7.2/10 |
| Star Ratings | ★★★☆☆ |
Summary of ACME Solar Holdings Limited IPO
The ACME Solar Holding Limited was previously a private limited company later went public, filed its papers for the raising of an Initial Public Offer in the month of September, 2017. The IPO got nod from the SEBI in the month of December 2017.
The company is raising this capital for their repayment and for the other further expansion costs. Since the solar power is booming in today’s market, if one decides to buy the stocks of this firm, it would definitely provide good returns. The renewable energy in India has a good market.
The stocks of the company would be listed both on the NSE as well as BSE.
Subscribe to ACME Solar Holdings Limited IPO – Fill up the Form Below
ACME Solar Holdings IPO date
The IPO date has not been released yet.
ACME Solar Holdings IPO Subscription
| SUBSCRIPTION | |
| DAY 1 | x |
| DAY 2 | x |
| DAY 3 | x |
| DAY 4 | x |
| DAY 5 | x |
The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.
ACME Solar Holdings Limited IPO Allotment Status
Since the issue date has not been fixed yet, the Allotment Status is not out and will be announced about 3-4 weeks of the IPO issue date.
ACME Solar Holdings Limited IPO Price Band
The price band of the IPO will be known only after the offer price of the IPO issues are known. One can know about the price band of the IPO in about a week.
The face value of the equity shares released by the company is Rs 10 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated[.] times the face value of the Cap price of the Price band.
ACME Solar Holdings Limited IPO issue size
This IPO issue size is Rs.2000 crore. (according to sources).
ACME Solar Holdings Limited IPO Equity Shares Offerings
The equity shares will be listed after the issues get approval from the SEBI.
ACME Solar Holdings Limited – Company Overview
The ACME Solar Holdings was earlier known as the ACME CleanTech Solutions Private Limited is company that is located in Gurugram, Haryana. Though the company is not very old, it has grown up to become India’s largest solar energy provider. The company also boasts the fact that it is the pioneer in renewable energy resources of the country.
Ache Solar Holding Limitednot just has customers within India but also all over the globe. Solar Energy company also provides telecommunication solutions for the latest wireless technologies. Since, the services and the products of the company are known much better in the solar energy arena, the company came to be known as ACME Solar Holdings Limited.
The main aim of the company is to provide green technology solutions that are cost effective, environment friendly, energy efficient and provides good return on investment. The company has over a lakh and more telecom sites under its umbrella. The portfolio of the company in the solar energy is about 1.8 GW Solar PV Projects in India alone.
The company also works on some of the best energy storage devices like the Lithium ion Battery. Thus, the main aim of the company is to leverage the technologies that can be adapted for a sustainable future.
ACME Solar Holdings -Financial Statement
Have a look at the Financial Stability of the company before you invest in it.
Asset of the Company – (in INR & Millions)
| 31 March 2017 | 31 March 2016 | |
| Non-Current Assets | 27,278.81 | 901.60 |
| Current Assets | 445.51 | 0.35 |
| Total Assets | 27,724.32 | 901.95 |
Revenue and PAT of the company
Revenue and Profit (in millions)
| 31 March 2017 | 31 March 2016 | |
| Total Revenue | 117.31 | – |
| Profit After Tax | 7.18 | 24.52 |
Earnings per Equity Share (in millions)
| 31 March 2017 | 31 March 2016 | |
| Basic | 7.56 | 0.61 |
| Diluted | 7.56 | 0.61 |
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ACME Solar Holdings Basis of Offer Price
ACME Solar Holdings Limited determines its own offer price. The shareholders of the company research the market for the demand of the products as the company has decided to sell off the equity shares. The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company.
The face value of the equity shares released by the company is Rs 10 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.
Qualitative Factors
These are some of the qualitative factors that are the reasons why you should buy the issues of this company.
- The company follows an integrated approach to develop the solar projects for the power production by some of the highly experienced team of developers.
- The large-scale operations that occur in the vast areas of varied geographies and there are various economies that are the best for sale.
- The PPA of the company that provides a long-term revenue that is recurring in nature. There are low receivable cycles with the revenue.
- The projects are funded effectively that provides best outputs.
- The highly sophisticated design and the value-based engineering of the company that leads to higher ranges of efficiencies.
- The very strong promoters group and the management team is another USP of the company
Quantitative Factors
The Quantitative factors are used to compute the offer price of the company
- Basic and Diluted Earnings Per Share (“EPS”)
- Price/Earning (“P/E”) ratio in relation to Price Band of Rs [●] to Rs [●] per Equity Share
- Return on Net Worth (“RoNW”)
- Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS
- Net Asset Value (“NAV”) per Equity Share
- Comparison with Listed Industry Peers
- The Offer Price will be [●] times of the face value of the Equity Shares
ACME Solar Holdings Limited – Promoters
The Promoters of the Company are
- Manoj Kumar Upadhyay
- ACME Cleantech Solutions Private Limited.
Interest of Promoters in the promotion of the company
The promoters of the company have promoted the company and they have shown interest in their shareholding of the company in the form of equity shares
Interest of promoters in the property of the company
The promoter is not interested in the property of the company, they are only the shareholders of the company who have invested in the firm. Two years before the filing of the draft red herring prospectus of the company, the promoters do not have any interest in the property of the firm.
Interest of promoters in the intellectual property of the company
The promoter does not have any interest in the intellectual property of the company.
ACME Solar Holdings IPO Offer Details or IPO issue Details
Check the details below for detailed understanding of the ACME Solar Holdings Limited IPO offer:
| Issue | Up to [●] Equity Shares aggregating up to ₹ 22,000 million |
| Of which | |
| QIB Category | Not less than [●] Equity Shares |
| Of which: | |
| Anchor Investor Portion | [●] Equity Shares |
| Net QIB Portion (assuming Anchor Investor Portion is fully subscribed) | [●] Equity Shares |
| Of which: | |
| Available for allocation to Mutual Funds only (5% of the QIB Category, excluding the Anchor Investor Portion) | [●] Equity Shares |
| Balance for all QIBs including Mutual Funds | [●] Equity Shares |
| Non-Institutional Category | Not more than [●] Equity Shares |
| Retail Category | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 89,940,480 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
ACME Solar Holdings IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited |
| Citigroup Global Markets India Private Limited |
| Deutsche Equities India Private Limited |
ACME Solar Holdings IPO Registrar of the Offer
| Registrar of the Offer |
| Link Intime India Private Limited |
ACME Solar Holdings IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Repu-tation | Compe-titive Edge | Finan-cial State-ment | Popu-larity Index | Promo-ters Repu-tation |
| Angel Broking | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 |
| Sharekhan | 7.2/10 | 7.5/10 | 7.2/10 | 7.5/10 | 7.2/10 |
| Kotak Securities | 7.4/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.4/10 |
| ICICI Direct | 7.4/10 | 7.4/10 | 7.3/10 | 7.5/10 | 7.5/10 |
| IIFL | 7.5/10 | 7.2/10 | 7.4/10 | 7.0/10 | 7.5/10 |
| Edelweiss | 7.5/10 | 7.5/10 | 7.5/10 | 7.4/10 | 7.2/10 |
| Zerodha | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.0/10 |
| 5Paisa | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 | 7.5/10 |
| Karvy | 7.5/10 | 7.4/10 | 7.2/10 | 7.5/10 | 7.5/10 |
| Motilal Oswal | 7.5/10 | 7.5/10 | 7.2/10 | 7.4/10 | 7.2/10 |
ACME Solar Holdings IPO Grey Market Premium
The ACME Solar Holdings Limited IPO Grey Market Pricing will be posted 2 weeks before the price of the issue is announced.
Subscribe to ACME Solar Holdings IPO – Fill up the Form Below
ACME Solar Holdings Limited IPO News
News 1 – Public Issues : Acme Solar Holdings Limited Draft Offer Documents filed with SEBI
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