ACME Solar Holdings Ltd Share Price

(ACMESOLAR)

ACME Solar Holdings Limited was incorporated as a Private Limited Company with the name ACME Solar Holdings Private Limited on June 3 2015. Upon the conversion of the status to Public Limited Company the Company name got changed to ACME Solar Holdings Limited on May 12 2017 vide fresh Certificate of Incorporation on May 12 2017 issued by the RoC. The Company further got converted into a Private Limited Company and the name was changed to ACME Solar Holdings Private Limited dated July 1 2020. Due to administrative and commercial considerations Company once again converted from Public Limited to Private Limited on July 1 2020. Later the Company through a Board resolution dated May 27 2024 was converted into a Public Limited Company and the name was changed to ACME Solar Holdings Limited dated June 22 2024 issued by the RoC to the Company. ACME Solar Holdings is a renewable energy company in India with a portfolio of solar wind hybrid and firm and dispatchable renewable energy FDRE projects. The Company develop build own operate and maintain utility scale renewable energy projects through engineering procurement and construction EPC division and operation and maintenance team and generate revenue through the sale of electricity to various offtakers including central and state governmentbacked entities. It has an aggregate Operational Project capacity of 1340 MW 1826 MWp solar power projects Under Construction Contracted Project capacity of 3250 MW including solar power projects of 1500 MW 2192 MWp wind power projects of 150 MW hybrid projects of 1030 MW and FDRE projects of 570 MW and Under Construction Awarded Project capacity of 1730 MW comprising 600 MW 870 MWp of solar power projects 450 MW hybrid power projects and 680 MW of FDRE power projects.The Company acquired 494 MW renewable energy plants which were operational from ACME Group in 2017. It acquired installed capacity of 1 GWp of renewable energy till December 2017. In 2018 it developed 299.5 MWp solar power plant at Bhadla Rajasthan commissioned 50th solar energy power plant. In 2022 it commissioned over 3 GWp of renewable energy and has diversified the business operations into complex renewable energy projects of 570 MW of FDRE project from SJVN and 680 MW of FDRE projects from NHPC in 2024. In November 2024 the Company made an Initial Public Offer of 100381678 Equity Shares of Face Value of Rs 2 each by raising funds from public aggregating to Rs 2900 Crore comprising a Fresh Issue of 82907630 Equity Shares aggregating to Rs 2395 Crore and 17474048 Equity Shares aggregating to Rs 2900 Crore through Offer for Sale..

Listing date: 13 Nov, 2024
Chairperson Name: Manoj Kumar Upadhyay