Acme Solar IPO Allotment Latest Updates

The much-anticipated ACME Solar Holdings IPO allotment is set to be finalized on Monday, November 11, 2024. Here’s your comprehensive guide to checking your application status, understanding the latest GMP, and preparing for the listing date.

Acme Solar IPO Allotment: IPO Overview

Price Band: ₹275-289 per share
Lot Size: 51 shares
Total Issue Size: ₹2,900 crore
Fresh Issue: ₹2,395 crore
OFS Size: 1,74,74,049 equity shares
Listing Date: November 13, 2024

Subscription Status

The IPO received mixed response with overall subscription of 2.75 times:

QIB Portion: 3.54x
Retail Portion: 3.10x
Employee Portion: 1.59x
NII Portion: 0.97x

Grey Market Premium (GMP)

Current GMP: -₹1 (Trading at discount)
Pre-bidding GMP: ₹30
Expected Listing Price: Around issue price

ACME Solar Holdings, established in June 2015, stands as one of India’s leading renewable energy producers. Their expertise spans:

Solar energy production
Wind power generation
Project development
Infrastructure maintenance
Large-scale renewable installations

Step-by-Step Allotment Status Check

BSE Website Method:

Visit BSE website (www.bseindia.com/investors/appli_check.aspx)
Select “Equity” under issue type
Choose “ACME Solar Holdings Limited”
Enter application number
Provide PAN details
Complete captcha verification
Click search

KFin Technologies Portal Method:

Access KFin portal (kosmic.kfintech.com/ipostatus)
Select ACME Solar IPO
Choose verification method:

Application number
Demat account
PAN

Select ASBA/non-ASBA
Enter required details
Submit with captcha

Important Dates

Allotment Date: November 11, 2024
Fund Transfer/Refund: November 12, 2024
Listing Date: November 13, 2024

FAQs

Q1: What should investors expect given the current GMP?

The current negative GMP of ₹1 suggests a possible listing at par or slightly below the issue price. However, market conditions can change rapidly, and GMP isn’t always an accurate predictor of listing performance.

Q2: How can investors track their refund status?

Check their bank accounts for refund credits
Monitor the status through their broker’s platform
Use ASBA linked bank account statements
Contact their bank’s IPO cell
Track through KFin Technologies portal
Expert Analysis
While brokerages maintain a positive long-term outlook citing:
Growing renewable energy demand
Diversified portfolio
Strong margin profile
Investors should consider risk factors:
Inconsistent profit history
High debt levels
Aggressive valuations
Remember to conduct thorough research and consult financial advisors before making investment decisions. Market investments carry risks, and past performance doesn’t guarantee future returns.

Acme Solar IPO Allotment: Latest Updates and Complete Allotment Guide

Acme Solar IPO Allotment: IPO Overview

Subscription Status

Grey Market Premium (GMP)