After the close of the three-day subscription window for the initial public offering (IPO) of ACME Solar Holdings, all eyes of the investors are on the finalisation of the shares of the renewable energy firm.
The ACME Solar Holding IPO, with a price band of Rs 275 to Rs 289, opened on Wednesday, November 6 and closed on Friday, November 8.
ACME Solar IPO allotment date and time
The allotment of the ACME Solar Holdings IPO is expected to be finalised on Monday, November 11, 2024 at any time.
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ACME Solar IPO Subscription Status
The initial share sale of ACME Solar Holdings Ltd was subscribed 2.75 times on the closing day of bidding on Friday, November 8.
The Initial Public Offer (IPO) received bids for 16,00,11,174 shares against 5,82,03,223 shares on offer, according to data available with the NSE.
From the investor’s category, the qualified institutional buyers (QIBs) portion received 3.54 times the subscription, while the retail individual investors (RIIs) part attracted 3.10 times subscription. The portion for non-institutional investors received a 97 per cent subscription. ACME Solar Holdings Ltd has collected Rs 1,300 crore from anchor investors.
ACME Solar IPO Allotment Status Check Online – Direct Links
Investors can check the allotment status of the ACME Solar Holidaing IPO online by visiting the official website of the registrar – KFin Technologies. The investors can also check the allotment status on NSE and BSE as well.
ACME Solar IPO Registrar direct link – https://kprism.kfintech.com/ipostatus/
ACME Solar IPO BSE direct link – https://www.bseindia.com/investors/appli_check.aspx
ACME Solar IPO NSE direct link – https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
ACME Solar IPO allotment status check online on registrar KFin Tech
To check the status of ACME Solar IPO allotment through KFin Tech, follow these steps:
Step 1: Visit the registrar Kfin Technologies’ website -https://rti.kfintech.com/ipostatus/
Step 2: Select ACME Solar IPO from the Dropdown Menu
Step 3: Select the ‘PAN’ tab and enter your PAN details
Step 4: Enter captha and click on ‘submit’ to know the status
ACME Solar IPO allotment status online on BSE
To check the status of ACME Solar IPO allotment status through BSE website, follow these steps:
Step 1: Visit the official website of BSE at – https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select the issue type as ‘Equity’
Step 3: Under issue name, select ACME Solar Holdings’ from the drop-down menu.
Step 4: Enter the application number or PAN number
Step 5: Click on ‘Search’ to check the allotment status.
ACME Solar IPO GMP Today
Ahead of the finalisation of the shares of ACME Solar Holdings, the shares of the company in the unlisted market are trading at -1. This means if the shares are to be listed today, it would have been listed at Rs 288, a discount of 0.35 per cent on the upper band of the public issue.
ACME Solar IPO Details
The issue has a price band of Rs 275 to Rs 289 per share. The Rs 2,900 crore IPO of the Gurugram-based company is a combination of a fresh issue of shares worth Rs 2,395 crore and an offer-for-sale (OFS) of shares valued at Rs 505 crore by ACME Cleantech Solutions.
ACME Solar Holdings intends to utilise the proceeds from the fresh issuance to the extent of Rs 1,795 crore towards payment of debt, and a portion will be used for general corporate purposes.
Over the years, ACME Solar has diversified and expanded its portfolio from solar power projects to becoming an integrated renewable energy company in India.
The company develops, builds, owns, operates and maintains utility-scale renewable energy projects through its in-house engineering, procurement and construction (EPC) division and its operation and maintenance (O&M) team.
ACME Solar generates revenue by selling electricity to various off-takers, including central and state government-backed entities.
Nuvama Wealth Management, ICICI Securities, JM Financial, Kotak Mahindra Capital Company and Motilal Oswal Investment Advisors are the book-running lead managers, and KFin Technologies is the registrar of the issue.
ACME Solar IPO Listing Date
ACME Solar IPO is scheduled to list on both the leading stock exchanges – NSE and BSE, with the tentative listing date set for Wednesday, November 13, 2024.
(With agency inputs)
