ACME Solar Holdings IPO: Price band, GMP, dates, 10 things to know before subscribing to the issue

The initial public offering (IPO) of ACME Solar Holdings Limited will open for public subscription on Wednesday, November 6 and close on Friday, November 8. energy Manufacturer sets price band limit for IPO from 275 Rs 289 per equity share at face value 2 per share.

Akshay energy company produces Electricity From both solar and wind power projects in India. ACME Solar specializes in the development, construction, ownership, operation and maintenance of large-scale renewable energy projects. They earn by selling electricity to various customers, including supported plants. central And state governments.

ACME Solar aims to increase Rs 2,900 crore from the latest issue of 2,395 crore and offer-for-sale (OFS). equity value of shares Rs 505 crore by the company’s promoter ACME Cleantech Solutions Private Limited.

ACME Solar Holdings IPO – 10 things to know

1. ACME Solar Holdings IPO issue size: Gurugram-based renewable electricity producers aim to mobilize Rs 2,900 crore through fresh issue and offer-for-sale (OFS) component of face value equity shares. 2 per share. The lot size of the issue is 51 equity shares, and thereafter, it will be in multiples of 51 equity shares.

2. ACME Solar Holdings IPO release dates: The initial public offering will open for public subscription on Wednesday, November 6 and close on Friday, November 8.

3. ACME Solar Holdings IPO Listing Date: The IPO is tentatively expected to be allotted by Monday, November 11. The shares will be listed on NSE and BSE On Wednesday, November 13.

4. ACME Solar Holdings IPO Anchor Round: The anchor round of the renewable energy company IPO is scheduled to be held on Tuesday, November 5.

5. ACME Solar Holdings IPO Price Band: The company has fixed the price band range for the public issue. from 275 Rs 289 per share at face value 2 per equity share.

6. ACME Solar Holdings IPO Basis of Allotment: The public offering includes a fresh issue shares Worthy 2,395 and offer for sale (OFS) of equity shares. Rs 505 crore by promoter selling shareholding, ACME Cleantech Solutions Pvt. Ltd.

7. ACME Solar Holdings IPO Reservation: At least 75 per cent of the shares in the public issue are reserved for qualified institutional buyers (QIBs), not more than 15 per cent and not more than 10 per cent are reserved for non-institutional investors (NIIs). Retail investors. The employee portion has been given aggregate reserved equity shares 100 million.

8. ACME Solar Holdings IPO Objective: The company aims to use the funds raised from the public offering to repay part or full dues or prepay Loan According to the draft documents, obtained for subsidiaries as well as for general corporate needs.

9. ACME Solar Holdings IPO GMP: Gray Market Premium (gmp) is for IPO today 30. With upper price band 289, the public issue is expected to be listed 319, an increase of 10.38 percent, according to Investorgain.com.

Gray market premium is an investor’s willingness to pay more for a public issue.

10. Merchant Banker and Registrar of ACME Solar Holdings IPO: Nuvama Wealth Management Ltd., ICICI Securities Ltd., JM Financial Ltd., Kotak Mahindra Capital Company Ltd., and Motilal Oswal Investment Advisors Ltd. are the bookrunners for the ACME Solar Holdings IPO, with Kfin Technologies Ltd. acting as the registrar for the offering. .