ACME Solar Holding Limited is one of the largest renewable energy Independent Power Producers in India and among the top 10 renewable energy players in India as of March 31, 2024. Over the years, they have diversified and expanded their portfolio from solar power projects to become an integrated renewable energy company in India.
Acme Solar Holdings, an Book Built Issue amounting to ₹2,900.00 Crores, consisting an Fresh Issue of 828.71 Lakh Shares worth ₹2,395.00 Crores and an Offer for Sale of 174.74 Lakh Shares totalling to ₹505.00 Crores. The subscription period for the Acme Solar Holdings IPO opens on November 06, 2024, and closes on November 08, 2024. The allotment is expected to be finalized on or about Monday, November 11, 2024, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Wednesday, November 13, 2024.
The Share price band of Acme Solar Holdings IPO is set at ₹275 to ₹289 per equity share. The Market Capitalisation of the Acme Solar Holdings Limited at IPO price of ₹289 per equity share will be ₹17,515.70 Crores. The lot size of the IPO is 51 shares. Retail investors are required to invest a minimum of ₹14,739, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (714 shares), amounting to ₹2,06,346.
Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited are the book-running lead manager while KFin Technologies Limited is the registrar for the Issue.
Acme Solar Holdings Limited IPO GMP Today
The Grey Market Premium of Acme Solar Holdings Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Acme Solar Holdings Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 08 November 2024, the Acme Solar Holdings IPO live subscription status shows that the IPO subscribed 2.89 times on its Final day of subscription period. Check the Acme Solar Holdings IPO Live Subscription Status today at BSE.
Acme Solar Holdings IPO Anchor Investors Report
Acme Solar Holdings has raised ₹1300.50 Crores from Anchor Investors at a price of ₹289 per shares in consultation of the Book Running Lead Managers. The company allocated 4,50,00,000 equity shares to the Anchor Investors. Check Full List of Acme Solar Holdings Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.
Acme Solar Holdings Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Acme Solar Holdings IPO allotment date is 11 November, 2024, Monday. Acme Solar Holdings IPO Allotment will be out on 11th November 2024 and will be live on Registrar Website from the allotment date. Check Acme Solar Holdings Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Acme Solar Holdings Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Acme Solar Holdings Limited IPO
Acme Solar Holdings Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹17,950.00 Million will be used for Investment in the Subsidiaries for repayment/prepayment, in full or in part, of certain outstanding borrowings
availed by their Subsidiaries; and
2. General corporate purposes.
Refer to Acme Solar Holdings Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
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