Acme Solar Holdings IPO Details: Launch Date, Share Price

The ACME Group, a leading Indian renewable energy company, has expanded its portfolio to include solar, wind, hybrid, firm, and dispatchable renewable energy (FDRE) projects. Established in 2015, the company has grown from solar power projects to become an integrated renewable energy company. As of March 31, 2024, the company has an operational project capacity of 1,320 MW, under construction contracted project capacity of 1,650 MW, and under construction awarded project capacity of 2,380 MW. The company has an integrated in-house business platform to execute and operate its projects throughout their life cycles.

1. Acme Solar Holdings IPODetails
The ACME Group, a leading Indian renewable energy company, has expanded its portfolio to
include solar, wind, hybrid, firm, and dispatchablerenewable energy (FDRE) projects.
Established in 2015, the company has grown from solar power projects to become an
integrated renewable energy company. As of March 31, 2024, the company has an
operational project capacity of 1,320 MW, under construction contracted project capacity of
1,650 MW, and under construction awarded project capacity of 2,380 MW. The company has 1,650 MW, and under construction awarded project capacity of 2,380 MW. The company has
an integrated in-house business platform to execute and operate its projects throughout their
life cycles.
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2. The Main Objectives to Launch the Acme Solar Holdings IPO
The Acme Solar Holdings IPO issue will be mix of offer for sale and fresh
issue.
•
The OFS consist of Rs. 1000 croresand the company will not receive
any funds from the proceeds of the OFS.
•
The company has lasso floated Rs. 2000 croresfresh issue. Through
the fresh issue company proposes to utilize Rs. 1500 croresfor
repayment of certain borrowings. Rest Rs. 500 croreswill be used for
the fresh issue company proposes to utilize Rs. 1500 croresfor
repayment of certain borrowings. Rest Rs. 500 croreswill be used for
general corporate purposes.
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3. The issue price of Acme Solar Holdings hasn’t been released yet. Upon releasing the
dates, the investorscan bid between these price ranges. The company has an OFS of Rs.
1000 croresand fresh issue of Rs. 2000 crores.
Acme Solar Holdings IPO Issue Price & Size
Should You Subscribe to Acme Solar Holdings IPO or Not
While investing or subscribing to anyIPO, consider the investment rationales related to
the company. Hence, here you can find out the strength of the company that will be its
growth factors. And also check the risk factors that can affect the growth and
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growth factors. And also check the risk factors that can affect the growth and
operational efficiency of the company.
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4. One of the largest renewable energy producers
Acme Solar, One of the biggest independent power producers (or "IPP") of renewable energy in
India. As of Mar 24, the company has
•
Operational project capacity of 1,320 MW
•
Under construction contracted project capacity of 1,650 MW
•
Under construction awarded project capacity of 2,380 MW.
From the past few years government has given attention on using renewable sources for
Strengths of the Company:
From the past few years government has given attention on using renewable sources for
energy. Therefore, renewable energy project installations have increased fivefold to
approximately 191 GW as of Mar 24, with solar energy accounting for 43% of the total installed
generation base
.
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5. The ACME Group team has extensive experience in the renewable energy industry with proven
track record in developing, executing, and commissioning 2,719 MW (3,668 MWp) of solar
power projects in 12 Indian states since inception.
The ACME Group also maintains a full-fledged EPC and O&M capabilities, allowing them to
deploy resources efficiently and timely without affecting project development timelines.
The ACME Group's in-house EPC capabilities allow them to control process, costs, and
timelines, use project design expertise, be flexible with technology and top-tier suppliers, and
optimize power generation.
End-to-end value chain capabilities
optimize power generation.
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6. Dependent on our Power Purchase Agreements
The Draft Red Herring Prospectus outlines the company's operational projects, under
construction contracts, and long-term Power Purchase Agreements (PPAs), which typically
last 25 years and require a performance bank guarantee. Delays in project commissioning
can lead to liquidation of performance bank guarantees and termination of non-
commissioned capacity by the offtaker.
Dependent on off-takers
The company has a significant reliance on off-takers as they generate a significant portion
Risk Factors of the Company:
The company has a significant reliance on off-takers as they generate a significant portion
of its revenues for the company. Off takers in project financings are buyers of the resources
produced by completed and operating projects.
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7. Steps to Apply for Acme Solar Holdings IPO:
Step 1:Once the IPO opens you can apply.
Step 2:Open trade.moneysukh.com and log in with your User ID & password.
Step 3:Now find the IPO section and select the Acme Solar Holdings IPO.
Step 4:Here you have to fill in various details like price, quantity, and so on.
Step 5:Now make the required payment and submit your IPO application.
The allotment of shares in the IPOis organized after a few days of closing of bidding. Once
To apply for this IPO through Moneysukh follow the
steps given below.
The allotment of shares in the IPOis organized after a few days of closing of bidding. Once
the allotment date arrives, you can check the allotment status through various online
sources like NSE, and BSE and through the website of Moneysukh using your PAN or IPO
application details.
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