ACME Solar IPO subscription started on Wednesday, November 6th, and will close on November 8th as per the schedule. The price band is set at ₹275 to ₹289 per share with a face value of ₹2.
ACME Solar IPO Subscription Status
ACME Solar IPO Subscribed over 0.74x on its second day till 05.00 PM on 7th November.
- ACME Solar IPO subscription QIB investors portion is 0.33 times, while NII subscribed 0.59 times and RII investors subscribed 2.16 times.
- The company has received bids for 4,06,80,150 shares against 5,53,46,021 shares on offer on the second day.
- ACME Solar IPO Subscribed over 0.41x on its day 1.
- ACME Solar IPO Subscribed over 0.74x on day 2.
About ACME Solar IPO
ACME Solar is a substantial renewable energy power producer among the top 10 renewable energy businesses and was incorporated in 2008. It has a goal to provide sustainable green energy at affordable rates and manage resourceful projects. ACME Solar Holdings Limited is a key player in India’s renewable energy movement, successfully commissioning 3,668 MWp of solar power across 12 states. Solar power projects offer a wider range of services, from project development and financing to construction and operation. Further, the revenue of this company has increased from the previous year’s (1,361.37)CR to 1,466.27 CR, moreover, the profit of FY year is 689.26, while 3.17% was for 2023.
ACME Solar IPO Company Financial Report
The company reported revenue of ₹1,466.27 crores in 2024 against ₹1,361.37 crore in 2023. The company reported profit of ₹689.26 crores in 2024 against loss of ₹3.17 crores in 2023.
ACME Solar IPO GMP:
ACME Solar IPO GMP was ₹10 as of Thursday, November 7th. That indicates the IPO is trading at ₹299 with ₹10 premium in the grey market against the issue price of ₹289.
