Acme Solar Holdings IPO Gmp Today

5 Dariya News

04-Nov-2024

The upcoming initial public offering (IPO) of ACME Solar Holdings Limited is going to represent a turning point for India's renewable energy business. Investors and industry players investing in this company are very eager to know more and more about the details of this important offering as the company's firm is ready to make the IPO public.

Today in this article we are going to talk about the main features of ACME Solar Holdings IPO, cost and market mood etc.

If you also want to know about it well, then read this article till the end, so let's start the article.

Acme Solar Holdings IPO Information

IPO Launch Dates	November 6 to November 8, 2024
Total Amount to be Raised	₹2,900 crore
Fresh Issue	₹2,395 crore
Offer for Sale (OFS)	₹505 crore
Price Band	₹275 to ₹289 per equity share
Face Value	₹2 per share
Lot Size	51 shares
Minimum Investment	₹14,739
GMP (Grey Market Premium)	₹30 (indicative listing at ₹319)
Expected Allotment Date	November 11, 2024
Tentative Listing Date	November 13, 2024

ACME Solar Holdings' initial public offering (IPO) is scheduled for November 6-8, 2024. With ₹2,395 crore from the latest issue and ₹505 crore through an offer-for-sale (OFS) by its promoter ACME Cleantech Solutions Pvt Ltd, the company expects to raise a total of ₹2,900 crore. With a face value of ₹2 per share, the IPO price range has been set between ₹275 and ₹289 per equity share.

Acme Solar Holdings Financial Metrics

Issue Size	₹2,900 crore
Fresh Issue	₹2,395 crore
Offer for Sale	₹505 crore
Lot Size	51 shares
Minimum Investment	₹14,739 for retail investors
GMP (Grey Market Premium)	₹30 (indicating a potential listing price of ₹319)

GMP (Grey Market Premium): Currently at ₹ 30, which shows a strong listing price of ₹ 319, which is an upside of 10.38% over the upper price band.

Acme Solar Holdings Company Overview

Since the inception of ACME Solar Holdings Company in 2015, ACME Solar Holdings has become one of the top renewable energy producers in India. The company's areas of expertise are very large-scale energy project development, construction, operation and maintenance, with a focus on solar and wind power projects. As of March 31, 2024, ACME Solar had 1,320 MW of operating solar power capacity, with an additional 1,650 MW under contract.

Acme Solar Holdings Structure of IPO and its Reservation

Qualified Institutional Buyers (QIB)	Not less than 75%
Non-Institutional Investors (NII)	Not more than 15%
Retail Investors	Not more than 10%
Employee Reservation	Up to ₹10 crore in shares

Acme Solar Holdings IPO Timeline

Event	Date
IPO Open Date	November 6, 2024
IPO Close Date	November 8, 2024
Allotment Date	November 11, 2024
Tentative Listing Date	November 13, 2024

The article is just for informational purposes, we are not providing any kind of financial or investment advice.

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