ACME Solar Holdings is a Gurugram-based firm that is raising a total of Rs 2,900 through its IPO, bidding for which will close on November 8, 2024. According to reports, the company successfully raised Rs 1,300.50 crore from anchor investors on Tuesday, November 5. The allotment for ACME Solar Holdings IPO will be decided on Monday, November 11, 2024, while the listing of shares at BSE and NSE will take place on November 13, 2024.
The lead managers to the IPO are ICICI Securities, Nuvama Wealth Management, JM Financial, Motilal Oswal Investment Advisors and Kotak Mahindra Capital Company. Kfin Technologies has been appointed as the registrars to ACME Solar Holdings IPO.
ACME Solar Holdings IPO review
Brokerages reviewed the ACME Solar Holdings IPO and came up with the following recommendations: SBICAP Securities, Ventura Securities, Canara Bank Securities, Bajaj Capital, Marwadi Shares and Finance signalled “apply”. On the other hand, Swastika Investmart, Capital Market and Dilip Davda have signalled “may apply” to ACME Solar Holdings IPO.
ACME Solar Holdings IPO price band, lot size
Each share of ACME Solar Holdings has been priced at Rs 275-289. A retail investor needs to apply for a minimum lot size of 51 shares which needs a commitment of Rs 14,739. On the other hand, the minimum lot size for a sNII is 714 shares (or 14 lots) which will cost Rs 2.06,346.
ACME Solar IPO GMP Price Today
According to investorgain, the Grey Market Premium (GMP) of ACME Solar Holdings IPO has been continuously declining from Rs 30, where it stood on November 3. On November 4, it dropped to Rs 27 and further went down to Rs 10 on November 5. On November 6, the first day of bidding, the GMP further dived to Rs 5 and on the next day it went down to 0. However, it must be remembered that GMP is an unofficial estimate that guarantees nothing – listing gain or listing loss.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO or mutual funds.)
ACME Solar Holdings IPO: The retail portion of the issue was oversubscribed 2.16 times and the overall level of subscription stood at 0.74 times till November 7, the second day of bidding. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
