ACME Solar Holdings Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

This marked its first equity fund raise since its stock market debut in 2024.

The renewable energy company said the issue attracted strong participation from a diversified group of domestic and global institutional investors. The investor roster included SBI Mutual Fund, Nippon India Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others.

Nippon India and HDFC group funds emerged as the largest allottees, each accounting for 20.54% of the issue size. SBI-managed schemes and insurance entities were allotted 18.39% of the issue, while ICICI Prudential funds received 8.39%, SBI Life Insurance was allotted 8.57%, and Kotak group funds accounted for 7.14%.

The proceeds from the QIP will primarily be used to reduce debt and strengthen the company's balance sheet.

ACME Solar Holdings is an integrated renewable energy company with an aggregated contracted capacity of 8,070 MW. The company develops, builds, owns, operates and maintains utility-scale renewable energy projects and generates long-term revenue through fixed-tariff power purchase agreements with central and state government-backed entities and other off-takers.

The company?s consolidated net profit jumped 12.93% to Rs 139.31 crore in Q4 FY26, compared with Rs 123.36 crore in Q4 FY25. Revenue from operations increased 12.52% YoY to Rs 547.85 crore in Q4 FY26.

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ACME Solar Holdings (ACME Solar) has successfully concluded its Rs 2,800 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in 2024.

The transaction garnered strong participation from a well-diversified mix of existing and new marquee investors, including leading domestic mutual funds, major insurance companies and foreign institutional investors including SBI Mutual Fund (MF), Nippon MF, HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others. 

The proceeds from the QIP will be used to reduce leverage and enhance the overall balance sheet strength.

The company's board authorized and declared the opening of the issue on Monday, 1 June 2026.

The floor price of Rs 294.13 is at a discount of 4.16% to the scrip?s previous closing price of Rs 306.90 on the BSE.

The company may offer a discount of up to 5% on the floor price determined for the issue at its discretion.

In a separate development, the company through its wholly owned subsidiary, ACME Sun Power, has commissioned 33.333 MW/160.512 MWh capacity of Battery Energy Storage System (BESS) project located at Village: Badi Sid, Rajasthan, on June 01, 2026. The commercial operation date (COD) for the project has been fixed as June 03, 2026.

Following the latest commissioning ACME Sun Power has achieved a commissioned capacity of 266.669 MW / 1283.936 MWh.

ACME Solar Holdings is an integrated renewable energy company with a diversified portfolio across solar, wind, storage, hybrid and firm and dispatchable renewable energy (FDRE) projects. Backed by in-house EPC and O&M capabilities, the company executes projects end-to-end, enabling timely delivery, cost efficiency and strong operating performance.

The company?s consolidated net profit jumped 12.93% to Rs 139.31 crore in Q4 FY26, compared with Rs 123.36 crore in Q4 FY25. Revenue from operations increased 12.52% YoY to Rs 547.85 crore in Q4 FY26.

The counter hit all-time high at Rs 333.50 in intraday today.

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ACME Solar Holdings (ACME Solar) through its subsidiary ACME Renewtech Sixth, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI), a AAA-rated Central Government enterprise, for 300 MW / 1,200 MWh ISTS-connected assured peak power capacity.

This FDRE project will be connected to ISTS substations and will utilize ACME Solar's existing night-time connectivity available at high irradiation zones. Under the PPA, , ACME Solar will supply 4 hours of assured peak power only during non-solar hours with minimum annual availability requirement of 85%.

The project was awarded to ACME Solar under SECI's FDRE Tranche-VII tender, pursuant to the Letter of Award (LOA) dated February 10, 2026. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, with the e-reverse auction conducted on February 02, 2026.

With this, out of the total contracted portfolio of 8,070 MW, PPA-signed portfolio stands at 6,570 MW.