ACME Solar IPO, one of the upcoming IPOs in India, opened for subscription on November 6, 2024, and will be closed today on November 8, 2024.
The share allotment for ACME Solar Holdings’ IPO is expected to be finalised on November 11, 2024. The shares are likely to be listed on the NSE and BSE on November 13, 2024.
This book-built IPO is valued at ₹2,900 crore, comprising a fresh issue of 8.29 crore shares worth ₹2,395 crore and an offer for sale of 1.75 crore shares, amounting to ₹505 crore.
The IPO price range is set between ₹275 and ₹289 per share. The minimum lot size is 51 shares. Retail investors need to invest at least ₹14,739.
As of 10:26 AM on November 8, 2024, ACME Solar Holdings IPO GMP stands at ₹0.
The company plans to use the net proceeds towards the investment in their subsidiaries for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by their subsidiaries and for general corporate purposes.
ACME Solar Holdings Ltd is one of India’s largest renewable energy independent power producers (IPP). The company’s portfolio comprises solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE) projects. It develops, constructs, owns, operates, and maintains large-scale renewable projects. The company generates its revenue through electricity sales to a range of off-takers, including central and state-backed entities. The company also manages engineering, procurement, and construction (EPC) and operation and maintenance (O&M) functions through its in-house teams.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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