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.
Key Details About ACME Solar Holdings’ IPO
- 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.
Financial Overview (FY22-FY24)
- FY22: Revenue: ₹1,487 cr | Net Profit: ₹62 cr
- FY23: Revenue: ₹1,294 cr | Net Loss: ₹3.17 cr
- FY24: Revenue: ₹1,319 cr | Projected Net Profit: ₹698 cr
ACME Solar Holdings IPO Details
- 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 |
Important IPO Timeline:
- Listing Date: ACME Solar Holdings’ shares started trading on the BSE and NSE on Wednesday, November 13, at 10 AM.
Stay tuned for more updates as the stock continues to move in the market
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