ACME Solar raises ₹2,800 cr via QIP; SAM, CAM and Hogan Lovells act

IPO / ECM 8 Jun 2026· ₹2,800 cr · Completed· ◔ Reported

ACME Solar Holdings raised ₹2,800 crore through a QIP - its first equity raise since its 2024 listing - allotting ~10.02 crore shares at ₹279.50 on 4 June 2026. The book drew a marquee mix including SBI MF, Nippon MF, HDFC MF, ICICI Prudential, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet; proceeds go towards deleveraging. Shardul Amarchand Mangaldas advised the issuer; Cyril Amarchand Mangaldas advised the placement agents (ICICI Securities and IIFL Capital Services); Hogan Lovells acted as international counsel to the agents. ACME Solar is among the top 10 renewable-energy IPPs in India by total capacity.

CounselShardul Amarchand Mangaldas, Cyril Amarchand Mangaldas, Hogan Lovells
SectorEnergy & Renewables
Value₹2,800 cr

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