ACME Solar Holdings: The initial public offering (IPO) of ACME Solar Holdings Limited closed with good subscription. As the bidding period has ended, applicants can check the ACME Solar IPO allotment, which has been finalized today.
The public was open for subscription from 6 to 8 November. ACME Solar IPO allotment date is today 11th November and the company has announced its share allotment today.
Eligible bidders can expect the shares to be credited to their demat accounts on Tuesday, November 12, while unsuccessful investors who did not get share allotment will get the refund on the same day.
Investors who have bid for the public offering can check the ACME Solar Holdings IPO allotment status online on the BSE and NSE websites and the official portal of the IPO registrar. Kfin Technologies Limited is the ACME Solar IPO Registrar.
Price band of ACME Solar IPO was determined from 275 289 per share. The company increased at the upper level of the price band Rs 2,900 crore from book-built issue, which included a combination of fresh issue of 8.29 crore equity shares 2,395 crore and offer for sale (OFS) of 1.75 crore shares. 505 crores.
ACME Solar IPO has been subscribed a total of 2.75 times. The public issue was subscribed 3.10 times in the retail category and 97% in the non-institutional investor (NII) category. The portion of qualified institutional buyers (QIBs) was booked 3.54 times.
Nuvama Wealth Management, ICICI Securities, JM Financial, Kotak Mahindra Capital Company and Motilal Oswal Investment Advisors are the book running lead managers to the ACME Solar IPO, while Kfin Technologies is the IPO registrar.
