Acme Solar Holdings fixes price band at Rs 275-289 for Rs 2,900 crore IPO. Check details
Acme Solar Holdings announced on Thursday a price band of Rs 275-389 for its initial public offering (IPO), which will be open for public subscription from Tuesday, November 5, to Friday, November 8.
The bids can be made for a minimum quantity of 51 shares and in multiples of 51 thereof.
The issue will be a combination of the issue of fresh equity shares worth Rs 2,395 crore as well as an offer for sale (OFS) by the selling shareholders worth Rs 505 crore, making the total value of the IPO equivalent to Rs 2,900 crore.
Acme Cleantech Solutions will be offloading its stake via the OFS in the issue.
The shares of the company are proposed to be listed on BSE and NSE.
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