Upcoming IPO: Acme Solar Holdings Fixes Price Band For Public Issue; Check Allotment & Listing Dates

Acme Solar Holdings Limited is preparing to launch its Initial Public Offering (IPO). With a price band set between Rs 275 and Rs 289 per equity share, Acme Solar's IPO is expected to attract investors from various categories. This renewable energy company will open its doors to public investment from Wednesday, November 6, and subscriptions will close on Friday, November 8.

Key Dates and Price Band for Acme Solar IPO The price band for the IPO has been carefully determined, with shares available between Rs 275 and Rs 289 per equity share, each having a face value of Rs 2. Interested investors will need to bid for a minimum lot size of 51 equity shares, with additional bids in multiples of 51 shares. Anchor investors are scheduled to be allocated shares on Tuesday, November 5.

Investor Allocation Breakdown Acme Solar's IPO allotment has been strategically divided to cater to different investor segments, Qualified Institutional Buyers (QIBs) are reserved 75% of the total IPO, Non-Institutional Investors (NIIs) are capped at 15%, and Retail Investors are allotted a maximum of 10% of the offer. Additionally, an employee portion worth Rs 10 crore in equity shares has been reserved.

Allotment and Listing Timeline Following the close of the IPO
Basis of Allotment is anticipated to be finalized by Monday, November 11.
Refunds will be processed and shares credited to successful applicants' demat accounts by Tuesday, November 12.
Listing Date on the BSE and NSE is projected for Wednesday, November 13.

About Acme Solar Holdings

Founded in 2015, Acme Solar has emerged as a leading renewable energy player in India, focusing primarily on solar and wind energy. The company is involved in the development, ownership, operation, and maintenance of large-scale renewable energy projects. Acme Solar's income stems from selling electricity to both central and state government-backed entities.

Leveraging an in-house engineering, procurement, and construction (EPC) team alongside a dedicated operations and maintenance (O&M) division, Acme Solar is well-positioned for sustained growth. This internal control over its projects enhances efficiency, allowing the company to manage projects from inception through operation effectively.