ACME Solar Holdings IPO: Price band, GMP, dates, among 10 things to know before subscribing to the issue

ACME Solar Holdings Limited's initial public offering (IPO) is set to open for public subscription on Wednesday, November 6, and close on Friday, November 8.

The renewable energy producer set the price band for the IPO at the range of ₹275 to ₹289 per equity share with a face value of ₹2 per share.

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ACME Solar aims to raise ₹2,900 crore from a fresh issue of ₹2,395 crore and an offer-for-sale (OFS) of equity shares worth ₹505 crore by the company's promoter ACME Cleantech Solutions Private Ltd.

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The Gurugram-based renewable electricity producer aims to raise ₹2,900 crore through a fresh issue and an offer-for-sale (OFS) component of equity shares

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The initial public offering is set to open for public subscription on Wednesday, November 6, and close on Friday, November 8.

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The IPO is tentatively expected to be allotted by Monday, November 11. The shares will likely be listed on the NSE and BSE on Wednesday, November 13.

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The public offer comprises a fresh issue of shares worth ₹2,395 and an offer-for-sale (OFS) of equity shares worth ₹505 crore by the promoter selling shareholding, ACME Cleantech Solutions Private Ltd.

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The grey market premium (GMP) today for the IPO is ₹30. With the upper price band at ₹289, the public issue is estimated to be listed at ₹319, a 10.38 per cent rise, according to Investorgain.com. a

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