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
November 7, 2024