ACME Solar Holdings Limited IPO

ACME Solar Holdings Limited is launching an IPO with 8.29cr fresh shares worth  ₹2,395 crores & ₹1.75 crore shares worth ₹505 crores to repay borrowings and for corporate purposes.

Important Details

Open Date : November 6, 2024 Close Date : November 8, 2024 Allotment Date: November 11, 2024 Listing Date: November 13, 2024

Important Details

IPO Price: INR 275-289 per share Lot Size: NA Total Issue Size: INR 2,900 crores

Fundamental Analysis

ACME Solar Holdings IPO shows mixed performance: 1. Mixed financial performance. 2. Revenue initially decreased, then improved. 3. Significant rise in profit after tax. 4. Increased earnings per share (EPS). 5. Strong profitability and financial position

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Peer Comparison

1. ACME Solar: Strong revenue and EPS. 2. Adani Green: High P/E ratio and strong RoNW. 3. ReNew Energy: Impressive performance metrics.

Objective

ACME Solar Holdings Limited aims to repay or prepay subsidiary borrowings to enhance financial stability and operational efficiency.

Risks And Challenges

ACME Solar Holdings IPO Risks: 1. Competitive bidding for renewable energy projects. 2. Potential penalties from government PPAs. 3. Reliance on key off-takers affecting cash flows.