ACME Solar Holdings Share Price Update – Live Tracking

Vicky Sharma

1 week ago

ACME Solar Holdings Share Price Update – Live Tracking

11:15 AM Update: ACME Solar Holdings’ stock is currently trading at ₹264.3 per share on the NSE, up by 5.3%.
10:50 AM Update: The stock is priced at ₹263, marking a 4.78% increase. It opened at ₹251, reached a high of ₹276.1, and hit a low of ₹251.
10:27 AM Update: After a slow start at ₹251 (down 13.1% from the issue price), ACME Solar shares saw a significant jump of up to 10%, now trading at ₹276.10.
10:14 AM Update: The company’s market capitalization is ₹16,531 crore, with the stock up by 8.84% at ₹273.2 per share.
10:05 AM Update: After a modest debut at ₹251 (a 13.1% drop from the issue price), ACME Solar shares gained 8.9%, trading at ₹273.4 on the NSE.
9:58 AM Update: ACME Solar’s shares opened at ₹251 on the NSE, marking a 13.15% drop from the issue price of ₹289. On the BSE, the stock debuted at ₹259, a 10.38% discount.
9:48 AM Update: On the BSE, the stock opened at ₹259, reflecting a 10.38% discount.
9:41 AM Update: ACME Solar Holdings’ IPO listed at ₹251 per share on the NSE, which is 13.15% below the issue price of ₹289.

Promoters: The promoters of ACME Solar Holdings include Manoj Kumar Upadhyay, Mamta Upadhyay, ACME Cleantech Solutions Pvt Ltd, MKU Holdings Pvt Ltd, and the Upadhyay Family Trust. They currently own 100% of the company, which will reduce to 83.41% post-IPO.
Lead Managers: The IPO was managed by Nuvama Wealth Management, JM Financial, ICICI Securities, Kotak Mahindra Capital Company, and Motilal Oswal Investment Advisors. KFin Technologies is the registrar for the issue.
Objective: ACME Solar plans to use the funds raised from this IPO to pay off its borrowings and for general corporate purposes.

IPO Size: ₹2,900 crore, with a price range of ₹275-₹289 per share.
Subscription: The IPO was oversubscribed 2.75 times, with:
QIBs (Qualified Institutional Buyers) subscription: 3.54x
Non-Institutional Investors: 97%
Retail Investors: 3.10x
Shares Issued: ₹2,395 crore through fresh issuance and ₹505 crore via an offer-for-sale.
Funds Utilization: The raised capital will be used for debt repayment and general corporate purposes.
Anchor Investors: Before the IPO, ACME Solar secured ₹1,300 crore from anchor investors.

Category	No. of Times Subscription
Qualified Institutional Buyers (QIBs)	3.54
Non-institutional Investors	97%
Retail Individual Investors (RIIs)	3.10
Total	2.75

Listing Date: ACME Solar Holdings’ shares started trading on the BSE and NSE on Wednesday, November 13, at 10 AM.