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Markets / IPO / ACME Solar Holdings

ACME Solar Holdings IPO

Updated 19:47

Mainboard IPO on NSE and BSE · Power Generation

Status
Listed
Price band
₹275–289
Lot size
51 shares · ₹14,739
Subscribed
2.75×

How it listed

Issue price
₹289
Listing price (open)
₹251.00 -13.15%
First-day close
₹253.15 -12.40%
Price now
₹394.95 +36.66%
Listing day13 Nov 2024
Open / high / low / close₹251.00 / ₹276.10 / ₹248.50 / ₹253.15
Shares traded on NSE2,29,39,368
Market value at the listing-day close₹17,872 cr

Closing prices since listing: 26 Oct ₹382.15, 27 Oct ₹416.05, 28 Oct ₹411.15, 29 Oct ₹415.80, 30 Oct ₹404.80, 2 Nov ₹418.75, 3 Nov ₹412.50, 4 Nov ₹421.00, 5 Nov ₹407.90, 6 Nov ₹396.40.

ACME Solar Holdings share price, live chart and technicals →

Key dates

Bidding opens6 Nov 2024
Bidding closes8 Nov 2024
Allotment11 Nov 2024
Refunds and shares in demat12 Nov 2024
Listing13 Nov 2024

Issue reservation

Investor groupShares% of issueMost applicants allotted
Anchor investors4,50,00,00043.60%–
Institutions (QIB)3,15,27,27230.55%–
HNI / NII1,57,63,63615.27%–
  HNI, above ₹10 lakh1,05,09,09110.18%3,030
  HNI, ₹2–10 lakh52,54,5455.09%7,359
Retail1,05,09,09010.18%2,06,060
Employees4,03,2250.39%–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)151₹14,739
Retail (maximum)13663₹1,91,607
Small HNI (minimum)14714₹2,06,346
Small HNI (maximum)673,417₹9,87,513
Big HNI (minimum)683,468₹10,02,252

At ₹289 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 3
Retail allotments available
2,06,060 × one lot
Retail portion subscribed
3.10×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)3,15,27,27211,15,56,0233.54×
HNI / NII1,57,63,6361,52,68,7370.97×
  HNI, above ₹10 lakh1,05,09,09190,59,7930.86×
  HNI, ₹2–10 lakh52,54,54562,08,9441.18×
Retail1,05,09,0903,25,50,4443.10×
Employees4,03,2256,40,2541.59×
Total5,82,03,22316,00,15,4582.75×

NSE and BSE bids together, as of 8 Nov 2024 19:00.

Demand at each price

Top price ₹2891,302.26 lakh shares81.3%
Cut-off final price, whatever it is; mostly retail293.17 lakh shares18.3%
Lower prices ₹275–2885.77 lakh shares0.4%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date5 Nov 2024
Anchor shares4,50,00,000
Raised from anchors₹1,300.50 cr
Lock-in ends for the first 50% (30 days)10 Dec 2024
Lock-in ends for the remaining 50% (90 days)8 Feb 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹20,403 cr₹27,883 cr
P/E (last 12 months' profit)27.036.9
Revenue, last 12 months₹2,789 cr
Profit, last 12 months₹757 cr
Return on equity9.1%
Debt to equity3.17

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Power Generation

CompanyListedSubscribedOn listingSince IPO
Juniper Green Energy 6 Aug7.97×+8.89%+13.69%
Clean Max Enviro Energy Solutions 2 Mar0.94×-8.83%+19.63%

IPO details

Price band₹275–289
Final issue price₹289
Lot size51 shares
Minimum investment₹14,739 (1 lot)
MarketNSE mainboard
Issue type100% Book Building
Face value₹2 per Equity Share
IndustryPower Generation
Issue size₹2,900.00 crore (about 10.03 crore shares) · Fresh issue + offer for sale: fresh ₹2,395.00 cr, offer for sale ₹505.00 cr
ISININE622W01025
RegistrarKfin Technologies Limited
Helpline: +91 40 6716 2222, acmesolar.ipo@kfintech.com
Lead managersNuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 11 Nov 2024. Check it on the registrar's page (Kfin Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the ACME Solar Holdings IPO price band and lot size?

The price band is ₹275–289 per share, and one lot is 51 shares (₹14,739 at the upper price).

When is the ACME Solar Holdings IPO allotment date?

Allotment was finalised on 11 Nov 2024, the next working day after bidding closed on 8 Nov 2024.

How many times was the ACME Solar Holdings IPO subscribed?

In total 2.75 times, on NSE and BSE together; retail 3.10 times.

What is the ACME Solar Holdings IPO listing date?

It listed on 13 Nov 2024 on NSE and BSE.

What is the chance of getting ACME Solar Holdings IPO shares?

At least 1 in 3 retail applicants got the minimum lot: 2,06,060 retail allotments with the retail portion subscribed 3.10 times. Winners are picked by lottery.

When does the ACME Solar Holdings anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 10 Dec 2024 and the 90-day lock-in on the rest ends on 8 Feb 2025; they can sell from the next trading day.

What was the ACME Solar Holdings listing gain?

It opened at ₹251.00 against an issue price of ₹289, a loss of 13.15%. It is now up 36.66% from the issue price.