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.
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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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