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15 Days Price Change

Acme Solar Holdings IPO

Closing In

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Issue Size --
Profile
Price Range 275  to  289 per share
Profile
Min Investment ₹289
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Lot Size 1
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Face Value ₹2
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Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

ACME Solar Holdings Limited is a prominent renewable energy company based in India, primarily focused on the development and operation of solar power projects. Established with a vision to promote sustainable energy solutions, ACME has rapidly expanded its portfolio, becoming one of the leading players in the solar sector. The company specializes in the design, construction, and management of large-scale solar installations, catering to both commercial and residential markets. With a commitment to innovation and sustainability, ACME Solar is actively involved in initiatives to enhance renewable energy adoption, contributing to India's clean energy goals and addressing climate change challenges. Their operations reflect a dedication to environmental stewardship and social responsibility, positioning ACME as a key contributor to the renewable energy landscape in India and beyond. Read More

Basic Info

Face Value 2 per share

Price 275  to  289 per share

P/E (x) 62.8

Sales( Cr.) 1405

PAT( Cr.) 251

EPS 4.6

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Mamta Upadhyay Manoj Kumar Upadhyay ACME Cleantech Solutions Private Limited MKU Holdings Private Limited

Pre Issue Share Holding 100%

Post Issue Share Holding --%

Listing Details:

Listing Price: 259

Listing Gain: -11.58%

Current Price: 310.1

Gain On Issue: 310.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 06, 2024
Closing Date Nov 08, 2024
Allotment Nov 11, 2024
Refund Nov 12, 2024
Delivery of Shares Nov 12, 2024
Listing Date Nov 13, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 51 14,739
Retail (Max) 13 663 191,607
S-HNI (Min) 14 714 206,346
S-HNI (Max) 67 3417 987,513
B-HNI (Min) 68 3468 1,002,252

Objective of the Issue

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries. 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 75259517 279965403 3.7x
NII 15051903 15352941 1x
Retail 10034602 32612457 3.3x
EMP 0 0 0x
Total 100346022 290000004 2.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Acme Solar Holdings Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 292 1096 1672 1777 1692 1488 1295 1319 1405
Other Income 0 29 90 130 82 218 75 66 147 170
Total Income 0 321 1186 1802 1859 1910 1563 1361 1466 1575
Total Expenditure 6 86 212 220 129 139 247 122 230 170
Operating Profit -6 236 974 1583 1731 1771 1315 1239 1236 1406
Interest 0 196 651 1018 1237 1151 996 809 767 759
Depreciation 0 116 368 571 704 622 546 485 308 287
Exceptional Income / Expenses 0 0 0 0 0 0 330 39 749 -21
Profit Before Tax -7 -75 -44 -6 -211 -1 102 -15 909 338
Provision for Tax -1 -7 196 41 -296 -16 40 -12 212 87
Profit After Tax -5 -68 -240 -47 86 15 62 -3 698 251
Adjustments 0 0 0 0 0 0 0 0 0 1
Profit After Adjustments -5 -68 -240 -47 86 15 62 -3 698 252
Adjusted Earnings Per Share -0.6 -7.6 -23 -4.5 8.2 1.5 5.9 -0.3 66.8 4.2

Acme Solar Holdings Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 164 34 1157 1110 1192 1208 1259 1251 1941 4511
Minority's Interest 0 0 0 0 0 0 100 30 0 -1
Borrowings 100 6300 8103 9142 9875 8876 7601 8749 8346 9857
Other Non-Current Liabilities -1 84 261 442 433 554 521 940 1488 2454
Total Current Liabilities 400 1823 3083 3510 1934 1708 1246 970 1432 1320
Total Liabilities 663 8242 12605 14205 15355 12345 10727 11939 13207 18140
Fixed Assets 524 4112 7991 10576 9650 8984 6177 6631 6757 12314
Other Non-Current Assets 119 3649 1976 637 1072 1078 2210 2606 3295 2045
Total Current Assets 20 480 2638 2992 2122 2283 2340 2702 3143 3772
Total Assets 663 8242 12605 14205 15355 12345 10727 11939 13207 18140

Acme Solar Holdings Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 16 282 545 370 340 504 478 547 309
Cash Flow from Operating Activities 36 387 727 940 922 1746 955 1263 1434 1543
Cash Flow from Investing Activities -242 -5663 -2650 -1181 -1426 493 -374 -1410 -1731 -3976
Cash Flow from Financing Activities 222 5516 2186 103 474 -2040 -556 215 216 3408
Net Cash Inflow / Outflow 16 240 263 -139 -31 200 25 69 -81 975
Closing Cash & Cash Equivalent 16 256 545 407 340 504 478 547 309 1284

Acme Solar Holdings Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.61 -7.56 -23.01 -4.49 8.2 1.46 5.94 -0.3 66.81 4.17
CEPS(Rs) -0.59 5.36 12.21 50.17 75.65 60.99 58.24 46.11 96.31 8.89
DPS(Rs) 0 0 0 0 0 0 0 0 0 0.2
Book NAV/Share(Rs) 18.19 3.8 110.8 106.32 114.14 115.61 120.52 119.74 185.83 74.15
Core EBITDA Margin(%) 0 70.69 80.65 86.86 92.77 91.79 83.37 90.56 82.56 87.93
EBIT Margin(%) 0 41.34 55.31 60.52 57.74 67.95 73.83 61.3 127.1 78.09
Pre Tax Margin(%) 0 -25.56 -4.03 -0.35 -11.85 -0.07 6.88 -1.19 68.94 24.06
PAT Margin (%) 0 -23.26 -21.93 -2.8 4.82 0.9 4.17 -0.25 52.89 17.85
Cash Profit Margin (%) 0 16.48 11.64 31.34 44.46 37.65 40.88 37.19 76.25 38.3
ROA(%) -0.83 -1.53 -2.31 -0.35 0.58 0.11 0.54 -0.03 5.55 1.6
ROE(%) -3.35 -68.75 -40.35 -4.13 7.44 1.27 5.03 -0.25 43.73 7.8
ROCE(%) -2.33 3 6.42 8.67 8.33 9.73 10.62 7.93 15.7 8.53
Receivable days 0 96.95 41.73 78.59 125.32 150.59 202.88 229.83 154.96 104.13
Inventory Days 0 0 0 0 0 0 0 0 0 1.02
Payable days 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 0 0 0 46.08
Price/Book(x) 0 0 0 0 0 0 0 0 0 2.59
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0.1
EV/Net Sales(x) 2284.05 25.91 7.11 5.75 6 5.43 5.08 6.23 5.8 13.61
EV/Core EBITDA(x) -16.73 32.16 8 6.08 6.16 5.18 5.74 6.52 6.19 13.61
Net Sales Growth(%) 0 0 274.94 52.53 6.3 -4.81 -12.05 -12.97 1.88 6.51
EBIT Growth(%) 0 2002.12 401.67 66.87 1.43 12.01 -4.43 -27.74 111.24 -34.56
PAT Growth(%) 0 -1140.9 -253.39 80.5 282.73 -82.24 307.61 -105.12 0 -64.05
EPS Growth(%) 0 -1141.13 -204.32 80.5 282.73 -82.24 307.77 -105.06 0 -93.76
Debt/Equity(x) 0.67 226.39 8.61 10.01 9.41 8.3 6.53 7.44 4.57 2.32
Current Ratio(x) 0.05 0.26 0.86 0.85 1.1 1.34 1.88 2.79 2.19 2.86
Quick Ratio(x) 0.05 0.26 0.86 0.85 1.1 1.34 1.88 2.79 2.19 2.86
Interest Cover(x) -38.98 0.62 0.93 0.99 0.83 1 1.1 0.98 2.19 1.45
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.9

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 7% -2% -5% 0%
Operating Profit CAGR 14% 2% -4% 0%
PAT CAGR -64% 59% 24% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 21% NA% NA% NA%
ROE Average 8% 17% 12% -5%
ROCE Average 9% 11% 11% 8%

Company Contact Information

Acme Solar Holdings Ltd.

Plot Number 152 Sector 44

IPO Lead Manager(s)

Acme Solar Holdings Ltd.

ICICI Securities Ltd

JM Financial Ltd.

Kotak Mahindra Capital Co Ltd

Motilal Oswal Investment Advisors Pvt Ltd

Nuvama Wealth Management Ltd.

Registrar Info

Acme Solar Holdings Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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