Tue Nov 05 07:24:08 UTC 2024: ## ACME Solar Holdings IPO Opens for Retail Investors on November 6th

**New Delhi:** ACME Solar Holdings, a solar energy company, is set to launch its Initial Public Offering (IPO) this week, attracting significant investor attention. The IPO will open for retail investors on November 6th and close on November 8th. The company aims to raise ₹2900 crore through the IPO, offering 8.29 crore fresh shares and 1.75 crore shares under the Offer For Sale (OFS).

The IPO price band has been fixed at ₹275 to ₹289 per share. The minimum bid for retail investors is 51 shares, amounting to ₹14,739. The allotment is expected to be announced on November 11th, 2024, with the company’s listing on the BSE and NSE scheduled for November 13th.

The IPO has reserved 75% of the shares for Qualified Institutional Buyers (QIBs), 10% for retail investors, and 15% for Non-Institutional Investors.

ACME Solar Holdings reported revenue of ₹340.01 crore in the June quarter, with a profit of ₹1.39 crore after taxes. For the entire financial year, the company’s revenue stood at ₹1466.27 crore, while its profit was ₹697.78 crore.

**Note:** This news article is for informational purposes only and does not constitute investment advice. Always consult with a qualified financial advisor before making any investment decisions.

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