Concentrated revenue risk, dependence on government-owned transmission grids and infrastructure, and growth relying on winning highly competitive project bids are key risks for ACME Solar Holdings IPO, a brokerage firm said on Tuesday.
The IPO is a mix of fresh issue of up to Rs 2,395 crore and an offer of sale (OFS) of up to Rs 505 crore.
According to a note by Bajaj Broking, the company focuses on the development, construction, ownership, operation, and maintenance of large-scal...
ACME Solar IPO: Concentrated revenue, dependence on government-owned infra among key risks