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Issue Open Date
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06-Nov-24
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Issue Closing Date
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08-Nov-24
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Application Money
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100
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Allotment Money
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Price Band
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275
-
289
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Minimium Application No.
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51
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Issue Size (Shares)
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58203223
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Market Lot
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1
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Objective
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1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Subsidiaries; and2. General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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15763636
|
15268737
|
0.96860502234383
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|
Qualified Institutional Buyers
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31527272
|
111556023
|
3.53839758162394
|
|
Retail Individual Investors
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10509090
|
32550444
|
3.09736085617308
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|
|
|
|
Business Description
We are a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchablerenewable energy (“FDRE”) projects. We are one of the largest renewable energy independent power producers(“IPP”) in India and among the top 10 renewable energy players in India in terms of operational capacity as ofMarch 31, 2024 (Source: CRISIL Report) and over the years, we have diversified and expanded our portfolio fromsolar power projects to become an integrated renewable energy company in India. We develop, build, own, operateand maintain utility scale renewable energy projects (through our in-house engineering, procurement andconstruction (“EPC”) division and operation and maintenance (“O&M”) team, and generate revenue through thesale of electricity to various off-takers including central and state government-backed entities. Our Company wasestablished in 2015 to consolidate the ACME Group’s renewable energy business and to capitalize on theopportunities in the Indian renewable energy industry.
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Promoter's Holding
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Total Share Capital
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522207910
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Offered to Public
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100346022
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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83.41
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Address |
Plot Number 152
Sector 44
Gurugram,
Haryana,
122002
Phone : 0124-7117000
Email : cs.acme@acme.in
Website : www.acmesolar.in
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
ICICI Securities Ltd
JM Financial Ltd.
Kotak Mahindra Capital Co Ltd
Nuvama Wealth Management Ltd.
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Promoters |
Acme Cleantech Solutions Pvt Ltd
Mamta Upadhyay
Manoj Kumar Upadhyay
MKU Holdings Pvt Ltd.
Upadhyay Family Trust
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