Acme Solar IPO GMP Today – Acme Solar Holdings kicked off its journey back in June 2015. They are all about harnessing the power of nature, focusing on wind and solar energy to create electricity. They positioned themselves as one of the big players in India’s energy scene, working on some pretty impressive renewable projects that are massive in scale. Let’s analyze the details of Acme Solar IPO GMP Today.
Description
Stay ahead with expert analysis of Acme Solar IPO GMP Today, shaping the future of renewable energy!
Key Facts
- Investors need to consider a price band set between ₹275 and ₹289 per share.
- The minimum lot size is 51 shares, requiring an investment of around ₹14,739.
- Subscription starts on November 6 and ends on November 8.
Understanding Acme Solar IPO GMP Today
IPO Details
The company is looking to gather around ₹2,900 crore with their upcoming IPO. This includes a fresh issue of about ₹2,395 crore and an offer-for-sale worth ₹505 crore from ACME Cleantech Solutions. Mark your calendars, as the subscription kicks off on November 6, 2024, and wraps up on November 8. Anchor investors can apply starting November 5. Shares will be listed on BSE and NSE on November 13.
GMP (Grey Market Premium)
Currently, the Grey Market Premium for Acme Solar Holdings IPO stands at ₹0, indicating no premium or discount. This means shares are trading at Acme Solar IPO GMP issue price of ₹289. GMP shows how much investors are willing to pay above the issue price.
Lot Size and KPI
ACME Solar Holdings plans to offer its IPO with a lot size of 12 shares. Each share has an issue price of ₹65. With plans to raise about ₹800 crore, ACME Solar’s public offering is generating buzz. Last year, they brought in ₹1,200 crore, and their net profit margin sits at 12%. The subscription window runs from November 2 to November 6, 2024. After the IPO, they’re eyeing a market cap of around ₹5,000 crore.
Risks Associated with Acme Solar IPO GMP
Renewable energy markets can be unpredictable, and ACME Solar has a hefty debt of ₹9,891.7 crore as of August 2024. Revenue crept up just 1.9%, sparking worries about future stability.
IPO Allotment and Listing Process
The basis of allotment for shares will be finalized on November 11, 2024. For investors missing out on shares, refunds arrive on November 12. Meanwhile, those who succeed will see their shares hit their demat accounts the same day, with stock listings following on November 13.
Investor Categories and Allocation
In Acme Solar’s IPO, 75% goes to Acme institutional buyers, 15% to non-institutional folks, and 10% set aside for retail investors. Employee portion allocates shares worth up to ₹10 crore. This structure aims to ensure diverse investor participation.
Promoters and ACME Solar Holdings IPO Dates
ACME Cleantech Solutions is running the IPO show. It kicks off on November 6 and closes on November 8, and by November 11, investors will come to know about their allotments. November 13 is the listing date! The reservation system targets various investor categories.
Acme Solar IPO GMP Today Final Thoughts
Analysts are a bit wary about ACME Solar’s growth amid market ups and downs. Acme IPO pricing hints at modest short-term returns. Depending on market conditions and risks, investors should make careful decisions, as P/E, ROE, ROCE, and EBITDA Margin are favorable but NAV is low and Debt to Equity Ratio is medium-high.
