ACME Solar Holdings IPO GMP, Open Date, Price Band, Allotment Status

ACME Solar Holdings IPO GMP quotation is around Rs 235 per share. The lower and upper price band is expected to be around Rs 550 to Rs 554 per share. The grey market premium quotation indicates huge interest of retail investors. After the release of the IPO issue date the reliable GMP quote will be available.

ACME Solar Holdings IPO open date is expected to be between November 4 to Rs November 8, which is in the first week of November 2024. This new IPO is a book-built issue of Rs 3000 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 2000 crore and OFS of Rs 1000 crore.

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ACME Solar Holdings IPO GMP

ACME Solar Holdings IPO GMP quotation is around Rs 235 per share. You can check the latest GMP price online and reliable GMP from the first day of subscription. If the subscription got oversubscribed then ACME Solar Holdings IPO GMP might rise in the coming days.

ACME Solar Holdings IPO Open Date, Close Date

ACME Solar Holdings IPO open date and close date is expected to be near to 4 November to 8 November 2024. It is expected in the first week of November 2024. However, as of now the open and close date is not yet finalised.

ACME Solar Holdings IPO Price Band

ACME Solar Holdings IPO price band is expected to be above Rs 550 to Rs 554 per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,850 and for small NII minimum investment is to be around Rs 2,01,000. The minimum investment for the Big NII is to be around Rs 10,01,000.

ACME Solar Holdings IPO Issue Size

ACME Solar Holdings IPO issue size is of Rs 3000 crore. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 2000 crore and OFS of Rs 1000 crore.

ACME Solar Holdings IPO Allotment Status

ACME Solar Holdings IPO allotment status is expected to be finalised in the second week of November 2024. The listing will be on the BSE and NSE platforms in the second week of November. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

ACME Solar Holdings IPO Listing Date

ACME Solar Holdings IPO's listing date is expected to be in the second week of November 2024. The Listing will be on BSE. Retail investors can sell the shares after 10 AM on the listing day.

ACME Solar Holdings IPO: Listing Date, Lot Size, Price Band

ACME Solar Holdings IPO  Limited: About the Company

ACME Solar Holdings Limited was incorporated in 2015, is a renewable energy power producer in India. The company is one of the largest producers of power using Wind and Solar energies in India.

ACME Solar Holdings specialises in developing, building, owning, operating, and maintaining large-scale renewable energy projects. We achieve this through our in-house engineering, procurement, and construction division, as well as our operation and maintenance team. Our revenue is generated by selling electricity to various off-takers, including entities backed by central and state governments.

ACME Solar Holdings Competitive strength are:- 1) Company is largest renewable energy company with strong industry growth in its IPP business. 2) Expansive portfolio diversified across different renewable energy technologies. 3) End-to-end value chain capabilities and an integrated approach to developing renewable power projects by the in-house project development, EPC and O&M teams.

ACME Solar Holdings IPO Objectives

ACME Solar Holdings IPO's objective is to raise money from the public issue. The funds will be utilised for the repayment of the past borrowing availed by the company. Also, the funds will be used for the investment in the subsidiary and fulfilling the general corporate purposes.

ACME Solar Holdings IPO: Key Dates, Allotment, Listing Date

ACME Solar Holdings IPO Subscription Details, IPO Reservation

ACME Solar Holdings IPO subscription details will be available after the IPO opens in the first week of November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

ACME Solar Holdings IPO Lot Size Details

ACME Solar Holdings IPO IPO lot size is set at (x)shares per lot. For retail, the minimum lot size is 1 lot, amounting to be around Rs 14,850, and the maximum is 13 lots, amounting to be around Rs 1,90,000. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,01,000.

ACME Solar Holdings IPO Promoter Holdings

ACME Solar Holdings IPO promoters are Mamta Upadhyay, Manoj Kumar Upadhyay, ACME Cleantech Solutions Private Limited, MKU Holdings Private Limited, and Upadhyay Family Trust. The promoters' shareholdings before the IPO were 100%; however, after the IPO, shareholdings will decline.

ACME Solar Holdings IPO Registrar

ACME Solar Holdings IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

ACME Solar Holdings IPO Lead Managers

ACME Solar Holdings IPO lead managers are Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital and Motilal Oswal Investment Advisors Limited.

How to apply to ACME Solar Holdings IPO

Interested investors can apply to the ACME Solar Holdings IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

ACME Solar Holdings IPO Review

ACME Solar Holdings IPO may get a positive response from the general public. The company is involved in the business of renewable energy power producers. So, investors interested in the renewable energy sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then ACME Solar Holdings IPO GMP will also rise.

ACME Solar Holdings IPO FAQ

1. What are the details of the ACME Solar Holdings IPO?

ACME Solar Holdings IPO is a book-built issue of Rs 3000 crores. This new IPO is a book-built issue of Rs 3000 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 2000 crore and OFS of Rs 1000 crore.

2. When will the ACME Solar Holdings IPO open and close?

ACME Solar Holdings IPO open date and close date is expected to be near to 4 November to 8 November 2024. It is expected in the first week of November 2024. However, as of now the open and close date is not yet finalised.

3. What is ACME Solar Holdings IPO GMP?

ACME Solar Holdings IPO GMP quotation is around Rs 235 per share. You can check the latest GMP price online and reliable GMP from the first day of subscription. If the subscription got oversubscribed then ACME Solar Holdings IPO GMP might rise in the coming days.

4. What are the details of ACME Solar Holdings IPO reservation?

ACME Solar Holdings IPO subscription details will be available after the IPO opens in the first week of November 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

ACME Solar Holdings IPO allotment status is expected to be finalised in the second week of November 2024. The listing will be on the BSE and NSE platforms in the second week of November. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for ACME Solar Holdings IPO?

ACME Solar Holdings IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers are Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital and Motilal Oswal Investment Advisors Limited.

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• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners