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ACME Solar Holding IPO:  The Initial public offering of ACME Solar Holding opened on Wednesday i.e. November 6. Investors can place bids till 4:50 pm on November 8. The green energy sector company has set a price band of Rs 275-289 per share and investors have to buy a lot of 51 shares to place a bid. ACME Solar Holding allotted at least 75% of the IPO to qualified institutional investors (QIBs). retail investors will have up to 10% of the total allotted shares to bid. Non-institutional investors can hold up to 15% of the shares.

Acme Solar Holding IPO Day 1 Subscription Status

Till 11:00 am, the IPO of ACME Solar Holding subscribed 0.09 times. the quota reserved for retail investors got 0.44 times the subscription, while shares reserved for non-institutional investors got 0.04 times the bid. While the Employee's quota was subscribed 0.22 times.

ACME Solar Holding IPO GMP Today

ACME Solar Holding IPO GMP does not show a strong gain on the listing date. According to investorgain.com, the shares of ACME Solar Holding are trading at a premium of Rs 10 against the issue price. The shares are trading at Rs 299, up 3.46 per cent or Rs 10 against the IPO's price Band of Rs 289 per share.

Acme Solar Holding IPO details

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Acme Solar Holding IPO Price Band and Lot Size

ACME Solar Holdings has set a price range of Rs 275 to Rs 289 per share and a lot size of 51 shares for its IPO. This indicates that retail investors must make bids of at least Rs 14,739.

Quota Reservation

At least 75% of the IPO will be reserved for qualified institutional investors (QIBs). At the same time, retail investors will be allocated up to 10% of the shares. Non-institutional investors can hold up to 15% of the shares.

ACME Solar IPO Size

ACME Solar Holding intends to raise Rs 2,900 crore through an initial public offering (IPO). The business will offer 82.9 million new shares and 17.5 million shares as a part of the offer for sale (OFS).

ACME Solar Holding IPO Share Allotment Date

The company will allot shares to investors on November 11, 2024. The company is scheduled to list its shares on the BSE and NSE on November 13.

Acme Solar Financial

ACME Solar Holdings reported revenue of Rs 340.01 crore in the June quarter. The company reported a profit of Rs 1.39 crore after taxes. In terms of the same fiscal year, the company’s revenue stood at Rs 1,466.27 crore. The company reported a profit of Rs 697.78 during the period.

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