ACME Solar’s ₹2,900 Crore IPO Sees Slow Start as Day 2 Subscription Hits 0.52

ACME Solar Holdings' ₹2,900-crore IPO entered its second day with 0.39 times the total subscription. The IPO, priced between ₹275 and ₹289 per share, includes a fresh issue of ₹2,395 crore and an offer-for-sale of ₹505 crore. While retail investors’ portion was subscribed 1.19 times, there was lower demand for the institutional and QIB portions. Before the launch, ACME raised ₹1,300.5 crore from anchor investors.

By Avi G

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