Acme Solar Holdings has successfully concluded its ₹2,800 crore Qualified Institutional Placement (QIP), marking its first equity capital raise since listing in 2024. The transaction, which closed on June 05, 2026, garnered strong participation from a mix of existing and new marquee investors, reflecting deep investor conviction in the company's execution capabilities and capacity expansion pipeline. The proceeds from the issue will be utilized to reduce leverage and enhance the overall balance sheet strength.

Key Investors and Advisors

The fundraise saw participation from leading domestic mutual funds, major insurance companies, and foreign institutional investors. Key participants included SBI Mutual Fund, 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.

ICICI Securities Limited and IIFL Capital Services Limited acted as the Book Running Lead Managers to the QIP. Shardul Amarchand Mangaldas & Co served as the Legal Counsel to the company, while Cyril Amarchand Mangaldas and Hogan Lovells were the Legal Counsels to the Book Running Lead Managers.

Company Profile

Acme Solar Holdings Limited is a leading integrated renewable energy player with an aggregated contracted capacity of 8,070 MW. The company develops, builds, owns, operates, and maintains utility-scale renewable energy projects through its in-house engineering, procurement, and construction division and operation and maintenance team. It generates stable, long-term revenue through fixed-tariff power purchase agreements for the sale of electricity to various off-takers, including central and state government-backed entities.

acme solar holdings commissioned an additional 33.333 MW / 160.512 MWh capacity of its Battery Energy Storage System (BESS) Project in Rajasthan on June 01, 2026. The commercial operation date (COD) for this additional capacity is scheduled for June 03, 2026. This expansion strengthens the company's energy storage capabilities in the region.

The commissioning was undertaken by ACME Sun Power Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited. The project is located at Village: Badi Sid, Tehsil-Bap, District: Phalodi and Jodhpur, State: Rajasthan. This development follows an earlier intimation dated May 11, 2026.

With the addition of this new capacity, ACME Sun Power Private Limited has achieved a cumulative commissioned capacity of 266.669 MW / 1283.936 MWh. The disclosure was made to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details