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.