ACME Solar Holdings IPO: If you are thinking about investing in ACME Solar Holdings IPO they are the key facts that you should be aware of.
ACME solar Holdings limited was established in 2015 and compete with only listed peer Adani Green Energy. ACME is Solar Holdings is one of the largest renewable energy independent power producer (IIP) in India.
What can ACME Solar Holdings IPO mean to you?
Because ACME Solar Holdings only competitor company of darling green energy, it is crucial to invest in it because Conjuring the growing Solar sector and anti Monopoly agenda of Government of India in it ACME Solar Holdings limited have the best chances possible to grow.
Therefore it can become make or breaking for the investors of now and many of the seasoned Investors have already understood and heavily invested in ACME Solar Holdings IPO.
What details about ACME Solar Holdings IPO you can’t miss?
ACME Solar Holdings IPO is a book built tissue of 2900 crores, where the issue is combination of fresh issue of 8.29 crore shares which sum up to 2395 crores. The offer for sale is for 1.75 crore shares which sum of 505 crores.
ACME Solar Holdings IPO price band is from 275 to 289 per share, with the face value of Rs. 2 per share.
The shareholding pre issue was 522,207,910 which changes to 605,079,882 post issue share holding.
ACME Solar Holdings IPO has categorised investors into three main category and offers shares according to it.
QIB shares has been offered to not less than 75% of the net issue.
Retail shares has been offered do not more than 10% of the net issue.
NII (HNI) shares has been offered not more than 15% of the net issue.
What is schedule of ACME Solar Holdings IPO?
The date of ACME Solar Holdings IPO is from November 6 to November 8, where
Basis of allotment – 11 November
Initiation of Refunds – 12 November
Credit of Shares to Demat – 12 November
Listing Date – 13 November
Cut off time for UPI mandate confirmation – 5 PM on 8 November
Issue Type – Book Built Issue IPO
What ACME Solar Holdings IPO information is must for you?
The market capitalization of ACME Solar Holdings IPO is Rs 17486.81 Cr.
ROE – 2.93
Debt – 3.89
RoNW – 0.07
P/BV – 7.77
PAT Margin – 0.41 %
ACME Solar Holdings IPO objective is to fund borrowings availed by subsidiaries and for general corporate purpose
With all these information it is now your call, weather ACME Solar Holdings IPO is your cup of tea or a cake to avoid.
All in all if you are looking for investment in renewal source of energy sector in India however is not comfortable with investing in the giant Monopoly of Adani Energy, ACME Solar Holdings IPO can be Make or Break deal for you.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
ACME Solar Holdings IPO
