ACME Solar Holdings IPO subscribed 10% so far on first day of bidding process
At 11:15 am, the issue attracted bids for 59,63,685 shares or 10% against the issue size of 5,82,03,223 shares. The retail portion of the issue was subscribed 50%, while there were no bids from qualified institutional buyers. The allocation for non-institutional investors (NII) was booked 4%.
Meanwhile, the current grey market premium (GMP) for ACME Solar Holdings is Rs 10-12, representing a 3% premium in the unlisted market.
The IPO consists of fresh equity shares worth Rs 2,395 crore and an offer for sale (OFS) by the selling shareholders worth Rs 505 crore, making the total value of the IPO Rs 2,900 crore.
Acme Solar Holdings IPO price band
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