All You Need to Know About ACME Solar Holdings IPO

ACME Solar Holdings Limited is set to launch its ₹2,900.00 crore IPO on November 6, 2024, which will close on November 8, 2024.  ACME Solar Holdings IPO is a combination of a fresh issue of 8.29 crore shares aggregating to ₹2,395.00 crores and an offer for sale of 1.75 crore shares aggregating to ₹505.00 crores.

ACME Solar Holdings IPO price band has been set at ₹275 to ₹289 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,739.

ACME Solar Holdings IPO allotment is likely to be finalised on November 11, 2024. ACME Solar Holdings IPO will be listed on BSE and NSE with a tentative listing date of November 13, 2024.

Purpose of ACME Solar Holdings IPO

ACME Solar Holdings has decided to utilise the net proceeds towards funding the following objects:

• Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and
• General corporate purposes.

About ACME Solar Holdings IPO

ACME Solar Holdings Limited is an Indian electricity producer from renewable energy sources incorporated in June 2015.  ACME Solar Holdings is one of the leading producers of electricity from wind and solar energy in India.

The company’s expertise lies in the development, construction, ownership, operation and maintenance of large-scale renewable energy projects. ACME Solar Holdings achieves this through its in-house engineering, procurement and construction (EPC) division and operations and maintenance (O&M) team. The company’s revenue is generated by selling electricity to various customers, including plants supported by the central and state governments.

As of March 31, 2024, the company had a total operational project capacity of 1,320 MW (1,802 MWp) in solar power projects. In addition, it had a contracted project capacity of 1,650 MW, comprising 1,500 MW (2,192 MWp) of solar power projects and 150 MW of wind power projects. I

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.