ACME Solar Holdings Limited: IPO Overview
Company Overview
Incorporated in June 2015, ACME Solar Holdings Limited is a leading Indian renewable energy producer, focusing on electricity generation from wind and solar power. As one of the largest players in the country, the company is involved in the entire lifecycle of renewable energy projects, from development and construction to ownership, operation, and maintenance. This is achieved through its in-house Engineering, Procurement, and Construction (EPC) division, along with a dedicated Operations and Maintenance (O&M) team. Key Operations ACME Solar generates revenue by selling electricity to various customers, including plants supported by both central and state governments. As of March 31, 2024, the company had:
Operational Capacity: 1,320 MW (1,802 MWp) from solar power projects.
Contracted Capacity: 1,650 MW, comprising 1,500 MW (2,192 MWp) in solar projects and 150 MW in wind power.
Awarded Capacity Under Construction: 2,380 MW, consisting of 300 MW solar projects, 830 MW hybrid projects, and 1,250 MW FDRE projects.
Objects of the Issue
Repayment of Borrowings – A portion of the proceeds will be used to reduce the company's outstanding debt.
General Corporate Purposes – The remaining funds will be allocated towards various corporate expenses to support business growth.
ACME Solar Holdings IPO
IPO Dates: 6 to 8 November, 2024
Price Band: ₹275 to ₹289 per share
Lot Size: 51 shares
Issue Size: ₹2,900 Crores
Retail Quota: 10%
GMP: Nil (for informational purposes only)
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