Acme Solar Holdings IPO Details: Launch Date, Share Price, Size & Review

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 The ACME Group, a leading Indian renewable energy company, has expanded its portfolio to include solar, wind, hybrid, firm, and dispatchable renewable energy (FDRE) projects. Established in 2015, the company has grown from solar power projects to become an integrated renewable energy company. As of March 31, 2024, the company has an operational project capacity of 1,320 MW, under construction contracted project capacity of 1,650 MW, and under construction awarded project capacity of 2,380 MW. The company has an integrated in-house business platform to execute and operate its projects throughout their life cycles.




The Main Objectives to Launch the Acme Solar Holdings IPO The Acme Solar Holdings IPO issue will be mix of offer for sale and fresh issue.
  • The OFS consist of Rs. 1000 crores and the company will not receive any funds from the proceeds of the OFS.
  • The company has lasso floated Rs. 2000 crores fresh issue. Through the fresh issue company proposes to utilize Rs. 1500 crores for repayment of certain borrowings. Rest Rs. 500 crores will be used for general corporate purposes.
Acme Solar Holdings IPO Issue Price & SizeThe issue price of Acme Solar Holdings hasn’t been released yet. Upon releasing the dates, the investors can bid between these price ranges. The company has an OFS of Rs. 1000 crores and fresh issue of Rs. 2000 crores

Acme Solar Holdings Promoters & ShareholdingAs mentioned in the document, there are 5 promoters of Acme Solar Holdings
  • Mamta Upadhyay
  • Manoj Kumar Upadhyay (Chairman & MD)
  • ACME Cleantech
  • MKU Holdings Private Limited
  • Upadhyay Family Trust
Name of the Promoter Selling Shareholder Details of the Offer for SaleEquity shares held at time of filing DRHP
ACME Cleantech Up to [●] Equity Shares aggregating to ₹10,000.00 million 522,207,910 Equity Shares, constitutes to 100% of paid-up Equity capital

Should You Subscribe to Acme Solar Holdings IPO or Not
While investing or subscribing to any IPO, consider the investment rationales related to the company. Hence, here you can find out the strength of the company that will be its growth factors. And also check the risk factors that can affect the growth and operational efficiency of the company.

How to Apply in Acme Solar Holdings IPO?
To apply for the Acme Solar Holdings IPO or invest in any listed company in India, you must have a demat account and trading account. Once you have both these accounts you can apply for IPOs in the primary market or buy shares directly from the secondary market through the trading platform provided by the discount brokers or full-service brokers to their clients.

To apply for this IPO through Moneysukh follow the steps given below.Steps to Apply for Acme Solar Holdings IPO:
Step 1: Once the IPO opens you can apply.
Step 2: Open trade.moneysukh.com and log in with your User ID & password.
Step 3: Now find the IPO section and select the Acme Solar Holdings IPO.
Step 4: Here you have to fill in various details like price, quantity, and so on.
Note: At the time of applying for any IPO, always bid at the cutoff price before submitting your application. 
Step 5: Now make the required payment and submit your IPO application.

How to Check the Allotment Status of Acme Solar Holdings IPO?
The allotment of shares in the IPO is organized after a few days of closing of bidding. Once the allotment date arrives, you can check the allotment status through various online sources like NSE, and BSE and through the website of Moneysukh using your PAN or IPO application details.
The allotment of shares in the IPOs is highly dependent on the oversubscribe status of the IPOs. Hence, if it is oversubscribed many times, there are less chances of allotment to everyone.However, if you have been allotted any share in this IPO cit will be credited into your demat account on the date of listing that you can sell in the secondary market.  And if there is no allotment of shares in this IPO, then your application money will be refunded into your bank account or the fund will be unblocked if you have applied through ASBA.

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