The ACME Solar IPO has been a major talking point for investors interested in renewable energy. Offering shares within a price band of Rs 275-289 per share, ACME Solar Holdings allowed a minimum lot size of 51 shares and multiples thereof, aiming to raise a total of Rs 2,900 crore. Although the IPO witnessed a relatively subdued response, it closed with a subscription of 2.89 times over its three-day bidding period from November 6 to November 8, 2024.
Overview of Contents
ACME Solar IPO Allotment Status
The basis of allotment for the ACME Solar IPO is set to be finalized on Monday, November 11, 2024. Investors who applied for the IPO can check their allotment status on the websites of Kfin Technologies Limited (the registrar) and the BSE and NSE websites on or after the allotment date.
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Founded in 2008, ACME Solar is a prominent player in India’s renewable energy sector, focusing on providing affordable green energy. With a significant portfolio of 3,668 MWp solar power commissioned across 12 states, the company is among India’s top 10 renewable energy producers. ACME Solar handles various aspects of solar power projects, including project development, financing, construction, and operations.
In terms of financial performance, ACME Solar has demonstrated growth, with revenue increasing from Rs 1,361.37 crore in the previous fiscal year to Rs 1,466.27 crore. The company’s net profit for the year stood at Rs 689.26 crore, reflecting an impressive growth rate of 3.17% over the past year.
How to Check ACME Solar IPO Allotment Status
The basis of allotment for the ACME Solar IPO is set to be finalized on Monday, November 11, 2024. Investors who applied for the IPO can check their allotment status on the websites of Kfin Technologies Limited (the registrar) and the BSE and NSE websites on or after the allotment date.
| ACME Solar IPO Allotment Status on KfinTech | Check Here |
| ACME Solar IPO Allotment Status on BSE & NSE | Check here |
Step 1: Check ACME Solar IPO Allotment Status on KfinTech
- Go to the Kfin Technologies IPO allotment page.
- Select “ACME Solar” from the drop-down list of IPOs.
- Choose the preferred option to search by PAN Number, Application Number, or DP ID.
- Enter the relevant details.
- Click on the ‘Search’ button.
- View the allotment status on your screen (compatible with both mobile and desktop).
Step 2: Check ACME Solar IPO Allotment Status on BSE & NSE
- Go to the BSE IPO allotment page on BSEIndia.com.
- Select “ACME Solar” from the IPO list.
- Choose an option to search by PAN Number, Application Number, or DP ID.
- Input the necessary information.
- Click on the ‘Search’ button.
- The screen will display your allotment status.
Subscription and Grey Market Premium (GMP) Details
ACME Solar’s IPO saw a 2.89 times subscription overall, with the demand concentrated primarily among institutional buyers. However, the Grey Market Premium (GMP) for ACME Solar IPO showed little momentum, stabilizing around Rs 0 after the subscription period ended.
Conclusion
The ACME Solar IPO holds significant potential for investors interested in renewable energy. While the IPO did not witness overwhelming demand, it represents a major step in scaling solar energy initiatives in India. Investors can easily check their allotment status on KfinTech and BSE platforms from November 11 onwards, marking a crucial date for applicants awaiting the IPO outcome.