1 month ago
Renewable energy company, ACME Solar Holdings Ltd., is expected to finalise the IPO share allotment status on Monday, November 11, 2024.
The investors, who participated in the ACME Solar Holdings IPO, can check the share allocation details online.
The renewable energy solutions provider’s initial public offering was a book-building issue worth ₹2,900 crore. The mainboard issue was open for bidding from November 6 to November 8.
The IPO was subscribed 2.75 times during the three-day subscription with applications for over 16 crore shares against 5.82 crore shares on offer.
The investors, awaiting share allocation, can check the allotment status on the NSE and BSE. The IPO share allotment status can also be checked on the official website of the issue registrar, Kfin Technologies.
Steps to check share allotment status on BSE website:
1. Open the BSE IPO allotment status page.
2. Select 'Equity' as the issue type.
3. Choose 'ACME Solar Holdings Ltd ' from the drop-down menu.
4. Enter your IPO application number or PAN number.
5. Click 'Search' to view your allotment status.
Here’s how to check IPO share allotment status on the registrar's website:
1. Go to the IPO allotment page of the registrar Kfin Technologies Limited at https://ris.kfintech.com/ipostatus/.
2. Choose from any of the five links available.
3. Under IPO name, choose ACME Solar Holdings Ltd.
4. Enter your Application Number, Demat account number or PAN.
5. Enter Captcha to verify.
6. Click on the ‘Submit’ button to view the allotment status.
Further, the allotment status can also be checked online via the NSE website. The new users need to register on the NSE website in order to check the IPO share allotment status.
Successful applicants will likely receive shares in their Demat accounts by November 12.
ACME Solar Holdings IPO listing date has been tentatively fixed as November 13. Shares of ACME Solar Holdings will be listed on the BSE and NSE.
ACME Solar IPO Details
ACME Solar Holdings Ltd. aims to raise an amount of ₹2,900 crore through its IPO. The mainboard issue is a combination of fresh issue of 82,871,973 shares, aggregating to approximately ₹2,395 crore, and an offer-for-sale (OFS) of 17.47 shares, aggregating to ₹505 crore.
ACME Solar IPO price band has been set at ₹275 to ₹289 per share, and the minimum lot size for a single application is 51 shares.
Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited were the book running lead managers for the issue.
ACME Solar Holdings Ltd., founded in 2015, is among India's leading manufacturers of electricity from wind and solar energy. The company has a focus on the development, construction, ownership, operation, and maintenance of large-scale renewable energy projects. As of March 31, 2024, ACME Solar had a total operational solar power capacity of 1,320 MW.
