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IPO Note | Closed

ACME Solar Holdings Ltd

Minimum Investment

14,739

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

06-Nov-24
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Close Date

08-Nov-24
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Application Timing

IPO Details

  • Min Order Quantity
    51
  • Price Range
    289-0
  • Issue Size
    2900
  • Face Value
    2
  • Listing at
    BSE
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

ICICI Securities Ltd

About Company

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    Parent Organization
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    Founded
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    Managing Director
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    Website
    www.acmesolar.in
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    Registered Office
    Plot No.152,Sector 44,
    Gurugram,122002,Haryana

IPO Schedule

Offer Start

06-Nov-24

Offer End

08-Nov-24

Allotment Finalization

Refund initiation

Demat transfer

Listing

Key Objective

Initial public offering of 100,381,678# equity shares of face value of Rs. 2 each ("Equity Shares") of Acme Solar Holdings Limited (the "Company" or the "Issuer") for cash at a price of Rs. 289.00# per equity share including a securities premium of Rs. 287.00 per equity share (the "Offer Price") aggregating to Rs. 2900.00# crores (the "Offer"). The offer comprises a fresh issue of 82,907,630# equity shares by the company aggregating to Rs. 2395.00 crores (the "Fresh Issue") and an offer for sale of 17,474,048 equity shares (the "Offered Shares") aggregating to Rs. 505.00 crores (the "Offer for Sale") by Acme Cleantech Solutions Private Limited (referred to as the "Promoter Selling Shareholder"). The offer includes a reservation of 381,679# equity shares, aggregating to Rs. 10.00# crores (constituting to 0.06% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 16.59% and 16.53%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the book running lead managers ("brlms"), offered a discount of Rs. 27.00 on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). *Subject to finalization of basis of allotment. #A discount of Rs. 27.00 per equity share was offered to eligible employees bidding in the employee reservation portion.

Financial Snapshot (Consolidated)

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
Mar 2024 1319.25 698.23 66.85
Mar 2023 1294.9 -3.14 -0.3
Mar 2022 1487.9 62.03 5.94
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How to apply for IPOs with Arihant Capital

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Step 1

Go to IPO Online page

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Step 2

Login using your “client code” or PAN and mobile number by verifying OTP.

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Step 3

Click on “Apply IPO” to enter your bid quantity and UPI id.

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Step 4

Go to your UPI application and approve the payment request.

Viola! You have successfully applied to the IPO.

First time bidding for an IPO? This is all you need to know.

Bidding online is one of the most efficient ways to subscribe to an IPO.

  • If you are an Arihant Customer, simply login using your client code and OTP.
  • Not an Arihant customer? No worries, apply using your PAN number.
  • Enter the bid quantity and approve the UPI payment mandate.
  • Your bid is complete!

When the IPO shares are allotted, you will either get full or partial allotment from the bid you made.

Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.

To apply for an IPO,

  • It is necessary to have a demat account and a UPI ID.
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  • Your mobile number should be linked to your bank account.

Applying for an IPO using UPI is super quick.

Haven’t started using UPI yet? Open one using your bank or UPI applications like Google Pay, BHIM, PhonePe etc.

Click here to learn how to create your UPI

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