Acme Solar Holdings Limited

Initial Public Offering

Service

November 2024

Date

Infrastructure

Sector

INR 29,000 MN

Deal Value

Acme Solar Holdings Limited

Nuvama Contribution

  • Nuvama dominated procurement in the Anchor Book in 5 Bank Syndicate
    • Highest Share in terms of anchor investors converted (33%)
    • 28% Share in terms of amount procured by anchor investors
  • As the left-lead banker, hand-held the Company in end-to-end execution, swift regulatory approvals, thereby ensuring timely launch
  • With this IPO, Nuvama continues its dominance in taking Renewable Energy Stories to the Indian capital markets and remains a “Banker of Choice” for Renewable Energy IPOs*
  • Nuvama played a key role in the IPO by converting key marquee LO investors driving the deal momentum & helping set pricing benchmark
  • Pushed the story aggressively through our distribution channel to ensure participation from HNI & Retail category

Deal Details

  • First ever IPO of a pure play Solar IPP Player and First IPO of a Power Producer in last 14 years
  • IPO received strong response across investor categories garnering ~INR 6,000 crs^

*Since 2011; ^Before technical Rejections