ACME Solar IPO Allotment Status

Summary

ACME Solar Holdings IPO has closed with a strong response from investors, achieving a final subscription of 2.89 times by 8th November 2024 at 5:23:09 PM (Day 3). The public issue witnessed robust demand across all categories. The Qualified Institutional Buyers (QIB) portion led with 3.72 times subscription. The Retail Investors segment showed strong interest with 3.25 times subscription.

The Employee portion achieved 1.85 times subscription, while the Non-Institutional Investors (NII) category crossed full subscription at 1.02 times, with small NIIs (sNII) at 1.24 times and big NIIs (bNII) at 0.91 times. The Anchor Investors portion was fully subscribed before the public issue, raising ₹1,300.500 crores. The offering received a total of 6,00,124 applications.

How to Check ACME Solar IPO Allotment Status:

How do you Check ACME Solar IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2: From the selection menu, choose ACME Solar IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check ACME Solar IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the ACME Solar IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "ACME Solar Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

ACME Solar IPO Timeline:

ACME Solar IPO Subscription Status

ACME Solar Holdings IPO received 2.89 times subscription with 6,00,124 applications. By 8th November 2024 at 5:23:09 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:23:09 PM)
Total Subscription: 2.89 times
QIB: 3.72 times 
NII: 1.02 times 
bNII (>₹10L): 0.91 times 
sNII (<₹10L): 1.24 times 
Retail investors: 3.25 times 
Employee: 1.85 times 

Subscription Day 2 (November 7, 2024)
Total Subscription: 0.74 times
QIB: 0.33 times
NII: 0.59 times
Retail investors: 2.16 times
Employee: 1.16 times

Subscription Day 1 (November 6, 2024)
Total Subscription: 0.42 times
QIB: 0.16 times
NII: 0.34 times
Retail investors: 1.28 times
Employee: 0.72 times

ACME Solar IPO Details 

ACME Solar Holdings' initial public offering (IPO) is a book built issue of ₹2,900.00 crores. This offering consists of a fresh issue of 8.29 crore shares aggregating to ₹2,395.00 crores and an offer for sale of 1.75 crore shares aggregating to ₹505.00 crores.

The bidding process commenced on 6th November 2024 and concluded on 8th November 2024. The allotment results are anticipated to be finalised on 11th November 2024. The shares are set to be listed on BSE and NSE, with a provisional listing date scheduled for 13th November 2024.

The price band has been established between ₹275 and ₹289 per share, with an employee discount of ₹27 per share. Investors must apply for a minimum lot size of 51 shares, which requires a minimum investment of ₹14,739 for retail investors. For small NIIs, the minimum investment is 14 lots (714 shares), totalling ₹206,346, and for big NIIs, it is 68 lots (3,468 shares), totalling ₹1,002,252.

The book running lead managers include Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, and Motilal Oswal Investment Advisors Limited. Kfin Technologies Limited is designated as the registrar for this offering.