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.
Open Date : November 6, 2024 Close Date : November 8, 2024 Allotment Date: November 11, 2024 Listing Date: November 13, 2024
IPO Price: INR 275-289 per share Lot Size: NA Total Issue Size: INR 2,900 crores
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
1. ACME Solar: Strong revenue and EPS. 2. Adani Green: High P/E ratio and strong RoNW. 3. ReNew Energy: Impressive performance metrics.
ACME Solar Holdings Limited aims to repay or prepay subsidiary borrowings to enhance financial stability and operational efficiency.
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.