ACME Solar Holdings IPO: The ACME Solar IPO opens for subscription on Wednesday, 6 November. The declining Grey Market premium indicates towards weakening investor interest towards the Public issue.
ACME Solar Holdings IPO: GMP or Grey Market premium for ACME Solar IPO sthat stood at ₹30 on Frriday however has declined to Nil on Monday. This indicates that shares of ACME Solar Holdings that were earlier available in the grey market at ₹30 premium over the upper band of the issue price, however now are available without any premium and at the issue price itself.
With the upper price band at ₹289, the current Grey Market premium also indicates that the public issue that was earlier estimated to be listed at ₹319, a 10.38 per cent higher than the issue price, according to Investorgain.com, however now is being expected to see a flat Listing
Grey market premium is the willingness of an investor to pay more for a public issue.
Subscriptions for ACME Solar Holdings’ initial public offering (IPO) will see opening on November 6, 2024, and end on November 8, 2024. On Monday, November 11, 2024, the allocation for the ACME Solar Holdings IPO is anticipated to be finalized. The proposed listing date for ACME Solar Holdings’ initial public offering (IPO) is set for Wednesday, November 13, 2024, on the BSE and NSE.
ACME Solar Holdings IPO size: The IPO for ACME Solar Holdings is a book-built offering worth ₹2,900.00 crores. The offering consists of an offer to sell 1.75 crore shares worth ₹505.00 crores and a new issue of 8.29 crore shares for ₹2,395.00 crores.
ACME Solar Holdings IPO registrar and lead managers-
The book running lead managers of the ACME Solar Holdings IPO are Nuvama Wealth Management Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors Limited. The issue’s registrar is Kfin Technologies Limited.