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SAM Advises ACME Solar Holdings on Successful USD 343.56 Million IPO

ACME Solar Holdings Limited’s IPO

SAM & Co. provided legal counsel to ACME Solar Holdings Limited on its initial public offering (IPO), which raised approximately USD 343.56 million through a combination of a fresh issue and an offer for sale. The IPO was met with strong investor demand, oversubscribed by more than 2.75 times.

The transaction team at SAM & Co. was led by:

  • Prashant Gupta, Partner and National Practice Head, Capital Markets
  • Sayantan Dutta, Partner
  • Devi Prasad Patel, Partner
  • Romit Raja Srivastava, Senior Associate
  • Purva Mishra, Associate
  • Jayant Saxena, Associate

The Book Running Lead Managers for the IPO, namely Nuvama Wealth Management, ICICI Securities, JM Financial Ltd, Kotak Mahindra Capital, and Motilal Oswal Investment Advisors, were represented by Cyril Amarchand Mangaldas as Indian legal counsel. For international legal matters, Hogan Lovells Lee & Lee acted as the global legal advisor.

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