ACME Solar Holdings IPO - Day 3 Subscription at 0.98 Times!

ACME Solar Holdings' initial public offering (IPO) has received improving investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates growing from 0.42 times on day one, to 0.74 times on day two, and reaching 0.98 times by 12:15 PM on the final day.

The IPO, which opened on 6th November 2024, has seen strong participation across categories. The Retail Investors segment has shown the strongest interest reaching 2.59 times subscription, while Employee portion has exceeded full subscription at 1.44 times. The QIB portion stands at 0.59 times, while NII category shows moderate participation at 0.69 times.

This growing response comes amid ongoing sentiment in the Indian stock market, particularly towards companies in the renewable energy sector.

Subscription Status of ACME Solar Holdings IPO:

Here are the subscription details for ACME Solar Holdings IPO as of Day 3 (8th November 2024, 12:15 PM):

Total Applications: 4,60,102

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.

Key Highlights:

• Currently, overall subscription improved to 0.98 times, nearing full subscription.
• Retail investors maintained strong participation with 2.59 times subscription.
• Employee portion exceeded expectations at 1.44 times subscription.
• QIB portion showed improved participation at 0.59 times.
• Non-Institutional Investors (NII) demonstrated steady interest with 0.69 times subscription.
• Small Non-Institutional Investors (sNII) at 0.72 times versus bNII at 0.67 times.
• Total applications increased to 4,60,102 by final day.
• The subscription trend indicates strong retail and employee confidence.

Also, read ACME Solar IPO Anchor Allocation at 44.84%

ACME Solar Holdings IPO - Day 2 Subscription at 0.74 Times

Key Highlights:

• Overall subscription improved to 0.74 times, showing building momentum.
• Retail investors showed strong interest with 2.16 times subscription.
• Employee portion exceeded full subscription at 1.16 times.
• QIB portion doubled to 0.33 times subscription.
• Non-Institutional Investors (NII) showed improved interest with 0.59 times subscription.
• Total applications reached 3,71,864 by end of day two.
• The subscription trend indicated growing investor confidence across categories.
   

ACME Solar Holdings IPO - Day 1 Subscription at 0.42 Times

Key Highlights:

• Overall, the subscription reached 0.42 times on Day 1, showing a decent initial response.
• Retail investors showed strong interest with a subscription that was 1.28 times.
• The employee portion received a good response, with a subscription of 0.72 times.
• QIB portion showed limited participation at 0.16 times subscription.
• Non-Institutional Investors (NII) demonstrated moderate interest with 0.34 times subscription.
• Total applications reached 1,55,324 on the first day.
• The subscription trend indicated positive retail participation on opening day.

Also read Growth Potential of ACME Solar Holdings IPO

About ACME Solar Holdings Limited

ACME Solar Holdings Limited, incorporated in June 2015, is one of India's largest producers of electricity from wind and solar energy sources. The company specialises in development, construction, ownership, operation, and maintenance of large-scale renewable energy projects through its in-house engineering, procurement and construction (EPC) division and operations and maintenance (O&M) team. As of 31st March 2024, the company operated with a total operational project capacity of 1,320 MW in solar power projects, along with a contracted project capacity of 1,650 MW and an additional 2,380 MW of awarded projects under construction. The company employs 214 permanent employees across various departments.

Highlights of the ACME Solar Holdings IPO

• IPO Date: November 6, 2024 to November 8, 2024
• Listing Date: November 13, 2024 (Tentative)
• Face Value: ₹2 per share
• Price Band: ₹275 to ₹289 per share
• Lot Size: 51 Shares
• Total Issue Size: 100,346,022 shares (aggregating up to ₹2,900.00 Cr)
• Fresh Issue: 82,871,973 shares (aggregating up to ₹2,395.00 Cr)
• Offer for Sale: 17,474,049 shares (aggregating up to ₹505.00 Cr)
• Employee Discount: ₹27 per share
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Book Running Lead Managers: Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Motilal Oswal Investment Advisors Limited
• Registrar: Kfin Technologies Limited