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  5. ACME Solar Holdings Share Price Highlights: Stock ends 1.6% higher after listing at 13% discount on NSE

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ACME Solar Holdings Share Price Highlights: Stock ends 1.6% higher after listing at 13% discount on NSE

Upstox
By Upstox News Desk

5 min read | Updated on November 13, 2024, 15:38 IST

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SUMMARY

ACME Solar Holdings Share Price Highlights: ACME Solar Holdings shares listed at ₹251 aunit on the National Stock Exchange (NSE) on Wednesday, a 13% discount from the issue price of ₹289 apiece.

acme-solar-holdings-ipo-listing-date-share-price-gmp.webp

ACME Solar generates revenue by selling electricity to various off-takers, including government-backed entities.

ACME Solar Holdings Share Price Live Update at 3:37 pm: ACME Solar Holdings shares closed 1.65% higher at ₹255.1 apiece on the NSE. It ended 1.54% higher at ₹255 on the BSE.
ACME Solar Holdings Share Price Live Update at 3:16 pm: ACME Solar Holdings shares are trading 1.1% higher at ₹253.7 apiece on the NSE after listing at a 13% discount.
ACME Solar Holdings Share Price Live Update at 2:54 pm: Price information
  • Current price: ₹252 (+0.4%)
  • Issue price: ₹289
  • Open: ₹251
  • High: ₹276.1
  • Low: ₹251
ACME Solar Holdings Share Price Live Update at 2:30 pm: Trading stats
  • Traded volume: 202.02 lakh
  • Traded value: ₹538.29 crore
  • Total market capitalisation: ₹15,520.50 crore
ACME Solar Holdings Share Price Live Update at 2:07 pm: The stock is up 2.27% to ₹256.7 aunit on the NSE.
ACME Solar Holdings Share Price Live Update at 1:50 pm: Shares of ACME Solar Holdings are trading 1.7% higher at ₹255.35 apiece on the NSE.
ACME Solar Holdings Share Price Live Update at 1:03 pm: Price information
  • Current price: ₹258 (+2.8%)
  • Issue price: ₹289
  • Open: ₹251
  • High: ₹276.1
  • Low: ₹251
ACME Solar Holdings Share Price Live Update at 12:47 pm: How much stake do promoters hold after listing?

The promoters of the company include ACME Cleantech Solutions Pvt Ltd, Manoj Kumar Upadhyay, Mamta Upadhyay, MKU Holdings Pvt Ltd, and the Upadhyay Family Trust.

Before listing, the promoters held a 100% stake in the company. After listing, their stake was reduced to 83.41%.

ACME Solar Holdings Share Price Live Update at 12:25 pm: After the debut at 13.1% discount, the stock has gained 4.4% to ₹262.1 on the NSE.
ACME Solar Holdings Share Price Live Update at 11:53 am: How will the company use IPO proceeds?

ACME Solar Holdings aims to use the net proceeds from its fresh issue to repay borrowings. It will also be used for general corporate purposes.

ACME Solar Holdings Share Price Live Update at 11:32 am: ACME Solar Holdings shares are trading 7.9% higher on the NSE, as the market capitalisation rises to ₹16,343.4 crore.
ACME Solar Holdings Share Price Live Update at 11:15 am: The stock is up 5.3% to ₹264.3 apiece on the NSE.
ACME Solar Holdings Share Price Live Update at 10:50 am: Price information
  • Current price: ₹263 (+4.78%)
  • Issue price: ₹289
  • Open: ₹251
  • High: ₹276.1
  • Low: ₹251
ACME Solar Holdings Share Price Live Update at 10:27 am: Shares rose up to 10% to trade at ₹276.10 per share after making a tepid debut at ₹251 per share, down 13.1% on the NSE.
ACME Solar Holdings Share Price Live Update at 10:14 am: The market capitalisation of the company stands at ₹16,531 crore as the stock is up 8.84% to ₹273.2 apiece.
ACME Solar Holdings Share Price Live Update at 10:05 am: Following listing at a 13.1% discount, shares of ACME Solar Holdings Ltd gained 8.9% to ₹273.4 per share on the NSE.
ACME Solar Holdings Share Price Live Update at 9:58 am: ACME Solar Holding shares were listed at a discount on the stock exchanges on Wednesday. The scrip opened at ₹251, down 13.15% from the issue price of ₹289, on the NSE. It debuted at ₹259, a discount of 10.38%, on the BSE.
ACME Solar Holdings Share Price Live Update at 9:48 am: The stock opened at a discount of 10.38% at ₹259 per share on the BSE.
ACME Solar Holdings Share Price Live Update at 9:41 am: ACME Solar Holdings IPO listed at ₹251 apiece on the National Stock Exchange (NSE) on Wednesday, a discount of 13.15% to the issue price of ₹289 apiece.
ACME Solar Holdings IPO Listing Live Update at 9:33 am: Promoters

The company's promoters are Manoj Kumar Upadhyay, Mamta Upadhyay, ACME Cleantech Solutions Pvt Ltd, MKU Holdings Pvt Ltd, and Upadhyay Family Trust.

Promoters currently hold a 100% stake in the company. Their stake will be reduced to 83.41% after the issue.

ACME Solar Holdings IPO Listing Live Update at 9:23 am: Who are the issue's book-running lead managers?

The book-running lead managers for the initial share sale are Nuvama Wealth Management, JM Financial, ICICI Securities, Kotak Mahindra Capital Company and Motilal Oswal Investment Advisors.

KFin Technologies is the registrar of the issue.

ACME Solar Holdings IPO Listing Live Update at 9:03 am: Financials
ParticularsFY22FY23FY24
Revenue₹1,487 cr₹1,294 cr₹1,319 cr
Net Profit/Loss₹62 cr₹-3.17 cr₹698 cr

ACME Solar Holdings IPO Listing LIVE: Shares of renewable energy company ACME Solar Holdings Ltd will make their stock market debut on Wednesday, November 13. The stock will be listed on NSE and BSE at 10 am.

The ₹2,900 crore initial share share, with a price band of ₹275 to ₹289 per share, had got bids for 16 crore shares against 5,82,03,223 shares on offer, translating to a total subscription of 2.75 times.

CategoryNumber of Times Subscription
Qualified Institutional Buyers (QIBs)3.54
Non-institutional Investors97%
Retail Individual Investors (RIIs)3.10
Total2.75
The ACME Solar Holdings IPO share allotment status was finalised on Monday.
ACME Solar Holdings IPO is a fresh issuance of shares worth ₹2,395 crore as well as an offer-for-sale valued at ₹505 crore.

The funds raised will be used to pay off debt and for general corporate purposes.

Prior to the IPO, the company had mobilised ₹1,300 crore from anchor investors.

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ACME Solar Holdings IPO listing date and time

ACME Solar Holdings shares will be listed on the BSE and the NSE on Wednesday, November 13, at 10 am.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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