{"id":33749,"date":"2024-11-07T12:15:18","date_gmt":"2024-11-07T06:45:18","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/11\/07\/acme-solar-holdings-ipo-opens-at-rs-2900-crore-highlighting-strong-renewable-energy-market\/"},"modified":"2024-11-07T12:15:18","modified_gmt":"2024-11-07T06:45:18","slug":"acme-solar-holdings-ipo-opens-at-rs-2900-crore-highlighting-strong-renewable-energy-market","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/11\/07\/acme-solar-holdings-ipo-opens-at-rs-2900-crore-highlighting-strong-renewable-energy-market\/","title":{"rendered":"ACME Solar Holdings IPO Opens at Rs 2900 Crore Highlighting Strong Renewable Energy Market"},"content":{"rendered":"<div>\n<p><strong>New Delhi [India] November 7: <\/strong>The IPO, which opened for subscription yesterday, is a book-built issue with a total offering size of \u20b92,900 crore, marking one of the significant entries into the market in recent months. The IPO is a mix of a fresh issue of 8.29 crore equity shares totaling \u20b92,395 crore, alongside an offer for sale of 1.75 crore shares valued at \u20b9505 crore. The price band for ACME Solar Holdings IPO is set at \u20b9275 to \u20b9289 per share, reflecting the company\u2019s strong position within the renewable energy sector. Subscriptions will remain open from November 6 to November 8, 2024. ACME Solar Holdings\u2019 Initial Public Offering (IPO) has garnered robust market enthusiasm, with the Grey Market Premium Rs: 20 (GMP) witnessing a surge. Market experts note that the increase in GMP highlights investor confidence in ACME Solar Holdings\u2019 growth prospects and its role in driving India\u2019s solar energy initiatives. The allotment of shares is scheduled for November 11, 2024, with a tentative listing date on the BSE and NSE set for November 13, 2024.<\/p>\n<p><strong>Key Highlights of the ACME Solar Holdings IPO<\/strong><\/p>\n<ul>\n<li><strong>IPO Size:<\/strong> \u20b92,900 crore (Fresh Issue: \u20b92,395 crore; Offer for Sale: \u20b9505 crore)<\/li>\n<li><strong>Price Band:<\/strong> \u20b9275 to \u20b9289 per share<\/li>\n<li><strong>Lot Size:<\/strong> Minimum of 51 shares, requiring a retail investment of \u20b914,739<\/li>\n<li><strong>Investment Requirement for sNII and bNII:<\/strong> sNII minimum at 714 shares (\u20b9206,346) and bNII minimum at 3,468 shares (\u20b91,002,252)<\/li>\n<li><strong>IPO Timeline<\/strong>: Opens on November 6, closes on November 8, 2024<\/li>\n<li><strong>Expected Allotment Date:<\/strong> November 11, 2024<\/li>\n<li><strong>Tentative Listing Date:<\/strong> November 13, 2024 on BSE and NSE<\/li>\n<\/ul>\n<p>The IPO has already attracted significant attention from both retail and institutional investors, underscoring ACME Solar Holdings\u2019 appeal in the clean energy space. The rise in GMP further solidifies ACME Solar Holdings\u2019 position as a promising addition to the stock market, as it aims to accelerate India\u2019s renewable energy infrastructure and sustainability goals. For further details on ACME Solar Holdings IPO, visit <a href=\"https:\/\/www.acmesolar.in\/\" target=\"_blank\" rel=\"nofollow noopener\">acmesolar.in<\/a><\/p>\n<p><em><strong>Disclaimer<\/strong>: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India] November 7: The IPO, which opened for subscription yesterday, is a book-built issue with a total offering size of \u20b92,900 crore, marking one of the significant entries into the market in recent months. The IPO is a mix of a fresh issue of 8.29 crore equity shares totaling \u20b92,395 crore, alongside an&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2024\/11\/07\/acme-solar-holdings-ipo-opens-at-rs-2900-crore-highlighting-strong-renewable-energy-market\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;ACME Solar Holdings IPO Opens at Rs 2900 Crore Highlighting Strong Renewable Energy Market&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":33750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-33749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/33749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=33749"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/33749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/33750"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=33749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=33749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=33749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}