ACME Solar Holdings IPO Gains Momentum as GMP Rises by ₹60 Ahead of First day opening IPO
New Delhi, November 6, 2024 — ACME Solar Holdings’ Initial Public Offering (IPO) has garnered robust market enthusiasm, with the Grey Market Premium (GMP) witnessing a surge of ₹60. The IPO, which opened for subscription today, is a book-built issue with a total offering size of ₹2,900 crore, marking one of the significant entries into the market in recent months.The IPO is a mix of a fresh issue of 8.29 crore equity shares totaling ₹2,395 crore, alongside an offer for sale of 1.75 crore shares valued at ₹505 crore. The price band for ACME Solar Holdings IPO is set at ₹275 to ₹289 per share, reflecting the company’s strong position within the renewable energy sector. Subscriptions will remain open from November 6 to November 8, 2024. Market experts note that the increase in GMP highlights ...