ACME Solar Holdings Limited is a key player in India’s renewable energy sector, specializing in solar power generation and energy solutions. The company, founded by Manoj Kumar Upadhyay, has grown rapidly to become one of the top 10 renewable energy companies in India. As of early 2024, ACME Solar has operational solar projects totaling 3,668 MWp, with ongoing and contracted projects expanding their total capacity to 6,320 MW across solar, wind, and hybrid systems.
ACME Solar’s strategic focus includes developing large-scale solar parks, hybrid power projects, and expanding its footprint into international markets. The company is committed to supporting India’s transition to clean energy, aligning with government initiatives to increase the share of renewables in the national energy mix. The company’s innovative approaches include utilizing advanced technology to improve efficiency and reduce environmental impact.
ACME Solar places a strong emphasis on sustainability. The company invests in community development projects, including education, women’s empowerment, and skill-building programs. Environmentally, they have initiatives to minimize water usage, offset carbon emissions, and engage in large-scale afforestation projects to contribute positively to the ecosystem.
ACME Solar Holdings Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 06 Nov 2024 |
| IPO Close Date | 08 Nov 2024 |
| Allotment Date | 11 Nov 2024 |
| IPO Listing Date | 13 Nov 2024 |
ACME Solar Holdings Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 275 to Rs. 289 Per Equity Share |
| Market Lot | 51 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 2900 Crore. |
ACME Solar Holdings Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 51 | Rs. 14739 |
| Maximum | 13 | 663 | Rs. 191607 |
| Small HNI (Minimum) | 14 | 714 | Rs. 206346 |
| Big HNI (Minimum) | 68 | 3468 | Rs. 1002252 |
ACME Solar Holdings Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 13394.13 | 12186.95 | 10887.62 |
| Total Revenue | 1466.27 | 1361.37 | 1562.73 |
| Profit After Tax | 697.78 | -3.17 | 62.01 |
Company Promoters:
The company’s promoters are Mamta Upadhyay, Manoj Kumar Upadhyay, ACME Cleantech Solutions Private Limited, MKU Holdings Private Limited, and Upadhyay Family Trust.
Objects of this Issue:
- Repayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| ACME Solar Holdings Limited Plot No. 152 Sector 44 Gurugram – 122002 Phone: +91 1247117000 Email: cs.acme@acme.in Website: https://www.acmesolar.in/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: acmesolar.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
