Acme Solar Holdings to list on exchanges today. What to expect?
Acme Solar Holdings will debut at the bourses today. Ahead of the listing, the company's shares were trading with a discounted GMP of Rs 4 in the grey market.
Considering the upper price band of Rs 289, the current GMP indicates a negative premium over the issue price.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Acme operates in a promising sector with a focus on renewable energy sources. The company has demonstrated strong growth and improved profitability in recent times. However, analysts said the high debt-to-equity ratio remains a concern.
«The IPO's valuation appears reasonable, but the current market sentiment and the company's historical financial performance may influence the listing outcome,» said Shivani Nyati, Head of Wealth, Swastika Investmart.
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