Acme Solar Holdings IPO GMP Today
Acme Solar Holdings Limited, a leading solar power generation company in India, is all set to launch its initial public offering (IPO) on September 9, 2021. The IPO will comprise of a fresh issue of equity shares worth Rs. 2,000 crore and an offer for sale (OFS) of up to 4,000,000 equity shares by the existing shareholders.
The company has fixed a price band of Rs. 284-294 per share for the IPO. The issue will open for subscription on September 9 and close on September 11, 2021.
The IPO has received a strong response from investors, as indicated by the high grey market premium (GMP) for the shares. As of today, September 8, 2021, the GMP for Acme Solar Holdings IPO is Rs. 22, which means that the shares are trading at a premium of Rs. 22 above the upper price band of Rs. 294.
The high GMP indicates that investors are expecting a strong listing of the shares on the stock exchanges. This is due to several factors, including the company’s strong financial performance, its leadership position in the solar power industry, and the growing demand for renewable energy in India.
Analysts believe that Acme Solar Holdings is a good investment opportunity for long-term investors. The company is well-positioned to benefit from the growing adoption of solar power in India and its strong financial performance is expected to continue in the future.
Key Details of the IPO:
- Issue Size: Rs. 2,000 crore
- OFS Size: Up to 4,000,000 equity shares
- Price Band: Rs. 284-294 per share
- Issue Opening Date: September 9, 2021
- Issue Closing Date: September 11, 2021
- Listing Date: Expected on or around September 17, 2021
- Book Running Lead Managers: Axis Capital, Edelweiss Financial Services, ICICI Securities, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India) Private Limited, and SBI Capital Markets
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Please search for “acme solar holdings ipo gmp today” which is rapidly rising on Google Trends IN and explain in detail. Answers should be in English.
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