ACME Solar Holdings IPO

Incorporated In June 2015, Acme ACME Solar Holdings Limited is an Indian electricity producer from renewable energy sources. The company is one of the largest producers of electricity from wind and solar energy in India. The company specializes in the development, construction, ownership, operation and maintenance of large-scale renewable energy projects. The company achieves this through its in-house engineering, procurement and construction (EPC) division and operations and maintenance (O&M) team. The company's revenue is generated by selling electricity to various customers, including plants supported by the central and state governments. As of March 31, 2024, the company had a total operational project capacity of 1,320 MW (1,802 MWp) in solar power projects. In addition, it had a contracted project capacity of 1,650 MW, comprising 1,500 MW (2,192 MWp) of solar power projects and 150 MW of wind power projects. In addition, the awarded project capacity under construction amounted to 2,380 MW, consisting of 300 MW of solar power projects, 830 MW of hybrid power projects and 1,250 MW of FDRE power projects. Competitive strengths Largest renewable energy company with strong industry growth in the IPP business; End-to-end value chain and integrated approach to renewable energy project development through in-house project development, EPC and O&M teams; An expansive portfolio diversified across different renewable energy technologies; Long-term stable cash flows based on contracts with central and state government agencies; Access to diversified funding sources; Design and value engineering leading to greater efficiency; and Experienced promoters and management team As of March 31, 2024, the company had 214 permanent employees in various departments.

The Company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the "Objects") Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; and General corporate purposes.

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App