ACME Solar Holdings Limited’s initial public offering (IPO) launched on Wednesday, November 21.73, involves a book-building process that includes both a new issue and an offer-for-sale (OFS) component. On the first day, the public offer saw a subscription rate of 275 per cent, with investors requesting 215 crore shares despite only 210 crore shares being available. Retail investors led the subscription among the three segments, participating 183 times more than their designated share. The non-institutional investors (NIIs) followed the example set by retail investors by subscribing to 218 percent of their available shares. According to the Bombay Stock Exchange (BSE) IPO data, Qualified Institutional Buyers (QIBs) subscribed at a rate of 228 percent on Day 285. The ACME Solar Holdings IPO began public subscription on Wednesday, November 6, and will end on Friday, November 8. On Tuesday, November 5, the company secured ₹1,300.50 crore from its anchor investors. ACME Solar has established its IPO price range between ₹275 and ₹294 per share, with each lot consisting of 51 shares. The GMP for ACME Solar Holdings IPO is available today. As of November 6, the grey market premium (GMP) for ACME Solar Holdings’ IPO is ₹5. The grey market premium (GMP) reflects how much more investors are willing to pay beyond the issue price. The price range for the renewable energy company’s shares is set at a maximum of ₹289, and it is anticipated that the public issue will be listed at ₹294 per share, as per Investorgain.com.
