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ACME Solar listing: Shares make poor debut on bourses at Rs 251 on NSE

Business Standard LogoBusiness Standard1w ago

ACME Solar listing: Shares make poor debut on bourses at Rs 251 on NSE - Business Standard

Quick Summary:

As of March 2024, the company’s operational solar capacity reached 1,320 MW.

Through the IPO, the company aims to raise Rs 2,900 crore by issuing a fresh offering of 82,871,973 shares and an offer for sale of 17,474,049 shares with a face value of Rs 2 apiece.

From the investor's category, the qualified institutional buyers (QIBs) portion received 3.54 times the subscription, while the retail individual investors (RIIs) part attracted 3.10 times the subscription.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:09:31 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23565266

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Official Website: business-standard.com

Update Frequency: 290 posts per day

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News Last Updated: 3 hours ago

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