31 Mar 2022
Assets10,887.62
Total Income1,562.73
Profit After Tax62.01
NET Worth1,908.76
Reserves and Surplus1,154.32
Total Borrowing7,563.60
At a glance
Updated 2026-09-12ACME Solar Holdings is a Mainboard IPO with an issue size of ₹2,900.00 crore, proposed for listing on BSE, NSE. The offer opens on 6th Nov 2024 and closes on 8th Nov 2024. The issue structure includes a fresh issue of ₹2,395.04 crore and an offer-for-sale component of ₹504.96 crore. The current listing schedule points to 13th Nov 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹2,900.00 Cr
Fresh issue₹2,395.04 Cr
Offer for sale₹504.96 Cr
Face value₹2
Price band₹275.00–₹289.00
Allotment11th Nov 2024
Listing13th Nov 2024
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listing₹285.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens6th Nov 2024
Closes8th Nov 2024
Allotment11th Nov 2024
Refund12th Nov 2024
Demat12th Nov 2024
Listing13th Nov 2024
Subscription demand
Full bidding ↗Total2.89×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 51 | ₹14,739 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Investment in our Subsidiaries for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and | ₹1,795.00 Cr |
| General corporate purposes | ₹499.78 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue340.01₹ Cr · -76.8% vs prior year
PAT1.39₹ Cr · -99.8% vs prior year
Assets13,985.14₹ Cr · +4.4% vs prior year
Net Worth1,942.12₹ Cr · -25.0% vs prior year
Borrowing9,319.91₹ Cr · +13.4% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets12,186.95
Total Income1,361.37
Profit After Tax-3.17
NET Worth1,900.56
Reserves and Surplus1,146.12
Total Borrowing8,657.35
31 Mar 2024
Assets13,394.13
Total Income1,466.27
Profit After Tax697.78
NET Worth2,590.87
Reserves and Surplus1,836.43
Total Borrowing8,217.59
30 Jun 2024
Assets13,985.14
Total Income340.01
Profit After Tax1.39
NET Worth1,942.12
Reserves and Surplus1,837.68
Total Borrowing9,319.91
KPIs
| KPI | Jun 30, 2024 |
|---|---|
| ROE | 2.93% |
| Debt / Equity | 3.89% |
| RoNW | 0.07% |
| PAT Margin | 47.59% |
| Price to Book Value | 7.77 |
Valuation & shareholding
Pre-IPO EPS13.36
Post-IPO EPS0.09
Pre-IPO P/E21.63
Post-IPO P/E3147.37
Promoter holding pre100%
Promoter holding post83.41%
Market cap₹17486.81 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| ACME Solar Holdings IPO | — | 3147.37 x | — | — |
| Fujiyama Power IPO | — | 25.84 x | — | — |
| Emmvee Photovoltaic IPO | — | 20.01 x | — | — |
| Solarworld Energy IPO | — | 39.48 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | ₹77.00 Cr |
| Selling commission and processing fees for SCSBs and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹2.55 Cr |
| Fees payable to the Registrar to the Offer | ₹1.01 Cr |
| Other expenses: (i) Listing fees, SEBI and Stock Exchanges filing fees, book building software fees and other regulatory expenses | ₹7.46 Cr |
| Other expenses: (ii) Printing and stationery expenses | ₹2.23 Cr |
| Other expenses: (iii) Advertising and marketing expenses | ₹16.13 Cr |
| Other expenses: (iv) Fees payable to the legal counsels to the Offer | ₹6.79 Cr |
| Other expenses: (v) Fees payable to Joint Statutory Auditors | ₹3.95 Cr |
| Other expenses: (vi) Fees payable to the industry service provider | ₹1.59 Cr |
| Other expenses: (vii) Miscellaneous expenses | ₹2.63 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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