By tracking ACME Solar Holdings GMP (grey market premium), you can predict the demand for the IPO and listing price in the stock market. But the GMP is not accurate sometimes but sometimes its prediction is right.
ACME Solar Holdings Ltd recently announced its IPO (initial public offering). The IPO is open for bidding from 06 November 2024 and closes on 08 November 2024. The issue size of the IPO is Rs. 2900.00 Crore, but the IPO price band is not publicly released. It will most likely be disclosed in the next 1 to 2 days. Once it is disclosed, we will update you here.
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ACME Solar Holdings IPO GMP Today
Disclaimer: You should not completely rely on the IPO GMP as it is not an accurate indicator, and its trend may change rapidly anytime. Before applying for an IPO, you should check various things like Brokerage or Expert view, Subscription Levels or Status, Risks Involved, Financials, Industry and Market Conditions, Valuations, Company Fundamentals, Promoters and management, etc.
| Date | Live IPO GMP | GMP Trend | Kostak | Subject To |
|---|---|---|---|---|
| 06 Nov (Today) | ₹10 | NA | ₹ | ₹ |
About ACME Solar Holdings Ltd
ACME Solar Holdings Ltd company is a subsidiary of the ACME Group. The company was founded in 2011. As of March 2024, the company is one of the leading companies in renewable energy and comes under top in India.
The company is primarily involved in solar, wind, and solar-wind hybrid power projects. The company constructs, develops, and operates power plants.
The company developed & operates 3,440 MW of solar power projects, 1600 MW FDRW projects, and 1130 Hybrid projects, 150 MW wind power projects in 11 states of India.
ACME Solar Holdings IPO Details
| IPO Type | Mainboard |
| IPO Open Date | 06 Nov, 2024 |
| IPO Close Date | 08 Nov, 2024 |
| IPO Listing Date | 13 Nov, 2024 |
| IPO Refund Date | 12 Nov, 2024 |
| IPO Allotment Date | NA |
| IPO Price Band | ₹xxx to ₹xxx Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹2,106 Crore |
| Fresh Issue | NA |
| Offer For Sale | Approx 70,21,99,262 Equity Shares |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 75% |
| Retail Quota | Not More Than 10% |
| Prospectus | PDF (Download) |
FAQs
As per publicly available details, the company looks good because it is one of the top 10 leading companies in India in the renewable energy sector. Also, it is a profitable company and its annual net profits are a March 2021 profit of 15 Crore, a March 2022 profit of 62 Crore, a March 2023 net loss of 3 Crore, and a March 2024 profit of 698 Crore.
The ACME Solar Holdings IPO GMP Today is Rs. NA. The GMP changes rapidly with time, we update the GMP from time to time.
As of 03 Nov 2024, the IPO bidding has not started yet. Once the bidding is started we will update the subscription levels as well.
Final Words
In the post, we shared some details about the company like ACME Solar Holdings IPO GMP Today, IPO Subscription Levels, Company financials, etc. Hope these details may help you to analyze the IPO.