City
Epaper

ACME Solar IPO Debuts: Should You Subscribe? Check GMP, Expert Opinions, & Key Details

By ANI | Updated: November 7, 2024 11:45 IST

PNNNew Delhi [India], November 7: The IPO, which opened for subscription yesterday, is a book-built issue with a ...

Open in App

PNN

New Delhi [India], November 7: The IPO, which opened for subscription yesterday, is a book-built issue with a total offering size of Rs2,900 crore, marking one of the significant entries into the market in recent months. The IPO is a mix of a fresh issue of 8.29 crore equity shares totaling Rs2,395 crore, alongside an offer for sale of 1.75 crore shares valued at Rs505 crore. The price band for ACME Solar Holdings IPO is set at Rs275 to Rs289 per share, reflecting the company's strong position within the renewable energy sector. Subscriptions will remain open from November 6 to November 8, 2024.

ACME Solar Holdings' Initial Public Offering (IPO) has garnered robust market enthusiasm, with the Grey Market Premium Rs: 20 (GMP) witnessing a surge. Market experts note that the increase in GMP highlights investor confidence in ACME Solar Holdings' growth prospects and its role in driving India's solar energy initiatives. The allotment of shares is scheduled for November 11, 2024, with a tentative listing date on the BSE and NSE set for November 13, 2024.

Key Highlights of the ACME Solar Holdings IPO

- IPO Size: Rs2,900 crore (Fresh Issue: Rs2,395 crore; Offer for Sale: Rs505 crore)

- Price Band: Rs275 to Rs289 per share

- Lot Size: Minimum of 51 shares, requiring a retail investment of Rs14,739

- Investment Requirement for sNII and bNII: sNII minimum at 714 shares (Rs206,346) and bNII minimum at 3,468 shares (Rs1,002,252)

- IPO Timeline: Opens on November 6, closes on November 8, 2024

- Expected Allotment Date: November 11, 2024

- Tentative Listing Date: November 13, 2024 on BSE and NSE

The IPO has already attracted significant attention from both retail and institutional investors, underscoring ACME Solar Holdings' appeal in the clean energy space. The rise in GMP further solidifies ACME Solar Holdings' position as a promising addition to the stock market, as it aims to accelerate India's renewable energy infrastructure and sustainability goals. For further details on ACME Solar Holdings IPO, visit acmesolar.in

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN.will not be responsible in any way for the content of the same)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentRajkummar Rao shares details about his wedding: We didn’t have ceremonies

International"Closely following ongoing situation, deeply concerned", says China on escalating tensions between India, Pakistan

NationalResponded in measured fashion to continued Pakistani provocations: India

BusinessPublic Affairs Forum of India (PAFI) Announces New Leadership Team for 2025-2026

NationalHeightened security at Chennai airport following 'Operation Sindoor'; passengers advised to arrive early

Business Realted Stories

BusinessSejal Glass Delivers 3x Net Profit Growth in FY25

BusinessIndia should draw lessons from the US-UK lopsided trade deal and be cautious on deal with America, warns GTRI

BusinessMG Windsor PRO Secures 8,000 Bookings Within 24 Hours of Launch

BusinessIndia launches report on priority corridors for zero-emission trucking

BusinessMore Organizations Earn the Amazing Workplaces® Certification for Exemplary People Practices