Acme solar holdings IPO details, Date, Price, GMP, Review,

Acme-solar-holdings-IPO

Acme solar holdings IPO details Today : Acme solar holdings IPO details Today is Open on [.] 2024 and Close on [.] 2024. Acme solar holdings IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh issue of [.] shares (Approx ₹[.] Cr). 

We are one of the largest solar IPPs in India having a portfolio of solar power projects (which comprises Operational and Under-construction solar power projects) with an aggregate capacity of 2,351 MWp (1,814 MW) .

We develop, build, own, operate and maintain utility scale grid connected solar power projects (through our in-house EPC and O&M operations), and generate revenue through the sale of electricity to central and state government entities and government-backed corporations.

We are focused on developing and operating on-grid solar power projects using the latest PV technology. Our objective is to be one of India’s most capital efficient solar power producers, through better project management, development of economies of scale, use of the latest technology and emphasis on timelines and cost efficiency.

we are an integral part of the ACME Group. The ACME Group was established in 2003 and originally operated as a provider of energy management solutions to wireless telecommunications operators in India. The ACME Group currently has businesses in India and abroad in the wireless telecommunications infrastructure sector, the energy storage solutions sector and the solar power projects sector.

Our Company, ACME Solar Holdings Limited, was established in 2015 to consolidate the ACME Group’s solar power business and to capitalize on the opportunities in the Indian solar
power industry. Pursuant to the Restructuring, our Company acquired all of the solar power assets of the ACME Group. Subsequently, our Company acquired ACME Cleantech’s entire EPC and O&M capabilities during Fiscals 2017 and 2018.

We have grown our portfolio of Operational solar power projects from a 15 MW solar power project in Gujarat that was commissioned in December 2011 to having Operational solar power projects with an aggregate installed capacity of 1,043 MWp (874 MW).

We are present across 12 Indian states, Uttarakhand, Gujarat, Chhattisgarh, Telangana, Karnataka, Punjab, Bihar, Uttar Pradesh, Odisha, Madhya Pradesh, Rajasthan and Andhra Pradesh with a portfolio of 33 Operational projects and 14 Underconstruction projects with central government entities.

We utilize our own civil and electrical engineers with proven project development and project management capabilities to develop our projects. Our organizational structure allows on site decision making, so that project managers can rapidly respond to changing situations during the construction phase of a project.

we intend to bid aggressively for allocations at solar parks, where the utility entities purchasing the electricity are NTPC and SECI, which were set up under the aegis of the MNRE. Under the MNRE schemes, the solar parks are part funded by the central government, through its agencies, in collaboration with various state governments.

Object of the Issue

1. Repayment/pre-payment of certain indebtedness.
2. Funding the cost of engineering, procurement and construction works in relation to the 200 MW Solar Power Project at Bhadla, Rajasthan (the “Bhadla Project”).
3. General corporate purposes.

Our Company Promoters

  1. Manoj Kumar Upadhyay
  2. ACME Cleantech Solutions Private Limited

Qualitative Factors

  •  Integrated approach to developing solar power projects by highly experienced development teams.
  •  Geographically diversified established large scale operations and economies of scale.
  •  Our PPAs provide stable long-term recurring revenue with low receivable cycles.
  •  Proven cost effective project funding solutions;
  • Design and value engineering leading to higher efficiencies.
  • Strong Promoter support and management team.

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Acme solar holdings Company Contact Details

Plot No. 152, Sector 44
Gurugram 122 002, Haryana,
India.
Tel: (91 124) 7117 000
Fax: (91 124) 7117 001
Website: www.acme.in

Acme solar holdings IPO Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bhadur Shastri Marg
Vikhroli (West)
Mumbai 400 083 Maharashtra, India
Tel: (91 22) 4918 6200
E-mail: acmesolar.ipo@linkintime.co.in
Investor Grievance E-mail: acmesolar.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan

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