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.
Table of Contents
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
Read More: Niva Bupa IPO GMP Today: Subscription Status, Grey Market Premium, and More
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.
