The Initial Public Offer (IPO) of ACME Solar Holdings Limited will open tomorrow i.e. on 6th November. Investors will be able to bid for this issue till November 8. On November 13, the company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The company wants to raise a total of ₹2,900 crore through this issue. For this, ACME Solar Holdings is issuing 82,871,973 fresh shares worth ₹2,395 crore. Whereas, the existing investors of the company are selling 17,474,049 shares worth ₹ 505 crore through Offer for Sale i.e. OFS.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested?
ACME Solar Holdings has fixed the price band of this issue at ₹275-₹289. Retail investors can bid for a minimum of one lot i.e. 51 shares. If you apply for 1 lot at the upper price band of IPO at ₹ 289, then you will have to invest ₹ 14,739.
Whereas, retail investors can apply for maximum 13 lots i.e. 663 shares. For this, investors will have to invest ₹ 191,607 as per the upper price band.
10% of the issue reserved for retail investors
The company has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
ACME Solar Holdings was established in June 2015.
ACME Solar Holdings Limited was established in June 2015, which generates electricity from renewable energy sources. The company is one of the largest companies generating electricity from wind and solar energy in India. The company engages in development, construction, ownership, operation and maintenance of large-scale renewable energy projects.
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