ACME Solar Holdings’ IPO is a book-built issue totaling Rs 2,900.00 crores. It consists of a fresh issue of 8.29 crore shares aggregating to Rs 2,395.00 crores and an offer for sale of 1.75 crore shares worth Rs 505.00 crores.
The ACME Solar Holdings IPO will open for subscription on November 6, 2024, and close on November 8, 2024. The allotment of shares is expected to be finalized on Monday, November 11, 2024. ACME Solar Holdings’ shares are set to list on both BSE and NSE, with the anticipated listing date on Wednesday, November 13, 2024.
ACME Solar Holdings operates in the renewable energy sector. They specialize in the development, construction, ownership, operation, and maintenance of large-scale renewable energy projects, including solar and wind energy. Their goal is to produce electricity from renewable sources and contribute to India’s clean energy mission.
The price band for the IPO has been set between ₹275 and ₹289 per share, with a minimum application lot size of 51 shares. Retail investors are required to invest a minimum of ₹14,739. For sNII, the minimum investment is 14 lots (714 shares) totaling ₹206,346, while for bNII, the minimum lot size is 68 lots (3,468 shares), amounting to ₹1,002,252.
The book-running lead managers for the ACME Solar Holdings IPO are Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors Limited. KFin Technologies Limited will act as the registrar for the issue.
ACME Solar Holdings IPO Details:
| Company Name | ACME Solar Holdings Limited |
| Sector | Renewable Energy |
| IPO Type | Mainboard |
| IPO Open date | 06th Nov 2024 |
| IPO Close date | 08th Nov 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
ACME Solar Holdings IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 51 | 14,739 |
| sHNI (Min) | 14 | 714 | 2,06,346 |
| bHNI (Min) | 68 | 3468 | 10,02,252 |
ACME Solar Holdings IPO Timeline:
| IPO Open Date | 06th Nov 2024 |
| IPO Close Date | 08th Nov 2024 |
| Basis of Allotment | 11th Nov 2024 |
| Refund Initiation Date | 12th Nov 2024 |
| Shares Credit to Demat | 12th Nov 2024 |
| Listing Date | 13th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review ACME Solar Holdings’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Renewable Energy Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in ACME Solar Holdings and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
