ACME Solar Holdings IPO – One of India’s top players in renewable energy, ACME Solar Holdings, is scheduled to go public on November 6th with its initial public offering (IPO). Through a combination of new equity and an offer for sale, the company hopes to raise 2,900 crore.
ACME Solar Price Band & Share Listing
The pricing range for the IPO is ₹275 to ₹289 per share. It is anticipated that share allocation would be resolved on November 11 after the subscription period. According to the preliminary timeline, ACME shares are anticipated to go public on the NSE and BSE on November 13.
ACME Solar Grey Market Premium (GMP)
Shares of ACME Solar are currently trading 9.8% higher than the top price band on the grey market. Although it is still unofficial, the GMP, an informal trading indicator, provides an idea of expected listing performance.
One of India’s leading renewable energy companies, ACME Solar Holdings, specialises in producing power utilising solar and wind energy. Large-scale project development, building, ownership, operation, and maintenance are all part of ACME’s role as one of the nation’s biggest suppliers of renewable energy. The corporation makes money by selling power, mostly to national and state government-supported plants.
IPO Objective – Reducing Debt and corporate funding
The IPO’s proceeds will be used to settle some of the obligations that ACME’s subsidiaries have accrued. A portion of the money will also go towards general business requirements, which will support the company’s ongoing operations and projects.
51 shares is the minimal application size for individual investors. This would require a ₹14,739 investment at the upper price range of ₹289 per share. For non-institutional investors (NIIs), minimum investments vary: small NIIs must invest at least ₹2,06,346, while large NIIs need a minimum investment of ₹10,02,252.
Also Read:
- Equatorial Guinea’s Director General caught in Sex Scandal
- Daylight Savings 2025 – When did it End?
- Chase Oliver, RKF Jr Gain Traction among Voter tired of Trump, Harris choices
- Robert Kennedy Jr.’s fringe views on vaccines and fluoride are gain support from Donald Trump
- US Election Results 2024 – 82 Mn Cast early vote
Shubhangi Gupta is a distinguished content writer and the visionary founder of The Unpleasant – Acha Nahi Sabse Sacha. With a Master’s degree in Commerce from University of Lucknow, Shubhangi has seamlessly blended her academic background with her passion for reading and writing, embarking on a successful career as a content writer since 2019.
