ACME Solar Holdings IPO Day 1: Issue subscribed 31% so far; check lot size, price band, key dates and more

The Gurugram-based firm's ₹2,900 crore issue is a new offering of shares aggregating to ₹2,395 crore and an offer-for-sale worth ₹505 crore.

The net proceeds from the fresh issue will be used to pay off debt and for general corporate purposes.

ACME Solar Holdings IPO: Subscription status

ACME Solar Holdings IPO: Company raises over ₹1,300 crore in anchor round

On Tuesday, ACME Solar collected ₹1,300.5 crore from anchor investors, including Goldman Sachs, Morgan Stanley, Nomura, Abu Dhabi Investment Authority, Societe Generale, BNP Paribas Funds, HSBC Global, CLSA Global, Eastspring Investments, Prudential Hong Kong, Oaks Emerging Umbrella Funds Plc, Great Eastern Life, Lion Global, Copthall Mauritius, Citigroup, Susquehanna Pacific and Integrated Core Strategies.

HDFC Mutual Fund (MF), Mirae Asset, Nippon Life India, Tata MF, ICICI Prudential MF, SBI Life Insurance, Bandhan MF, Manulife, ICICI Prudential Life, Invesco India, SBI General Insurance, Baroda BNP Paribas, Abakkus Diversified Alpha Fund, Edelweiss Life and Kotak Mahindra Life also participated in the anchor round.

ACME Solar Holdings IPO: Lot size

Investors can apply for at least one lot size consisting of 51 shares worth ₹14,025.

The company has set aside 75% of the issue size for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.

ACME Solar Holdings IPO: Allotment and listing date

• Subscription period: November 6 to November 8
• Finalisation of allotment: November 11
• Refund initiation: November 11
• Demat transfer: November 12
• Listing on BSE and NSE: November 13

ACME Solar Holdings develops, builds, owns, operates, and maintains renewable energy projects by utilising its in-house engineering, procurement, and construction division and operation and maintenance team. The company earns revenue by selling electricity to diverse off-takers.