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ACME Solar Holdings IPO Opens at Rs 2900 Crore Highlighting Strong Renewable Energy Market
New Delhi [India] November 7: The IPO, which opened for subscription yesterday, is a book-built issue with a total offering size of ₹2,900 crore, marking one of the significant entries into the market in recent months. The IPO is a mix of a fresh issue of 8.29 crore equity shares totaling ₹2,395 crore, alongside an [...]
New Delhi [India] November 7: The IPO, which opened for subscription yesterday, is a book-built issue with a total offering size of ₹2,900 crore, marking one of the significant entries into the market in recent months. The IPO is a mix of a fresh issue of 8.29 crore equity shares totaling ₹2,395 crore, alongside an offer for sale of 1.75 crore shares valued at ₹505 crore. The price band for ACME Solar Holdings IPO is set at ₹275 to ₹289 per share, reflecting the company’s strong position within the renewable energy sector. Subscriptions will remain open from November 6 to November 8, 2024. ACME Solar Holdings’ Initial Public Offering (IPO) has garnered robust market enthusiasm, with the Grey Market Premium Rs: 20 (GMP) witnessing a surge. Market experts note that the increase in GMP highlights investor confidence in ACME Solar Holdings’ growth prospects and its role in driving India’s solar energy initiatives. The allotment of shares is scheduled for November 11, 2024, with a tentative listing date on the BSE and NSE set for November 13, 2024.
Key Highlights of the ACME Solar Holdings IPO
