ACME Solar Share Price Rose 6.31% on Listing Day

The Indian renewable energy company, ACME Solar Holdings shares made a stock market debut on November 13. 

Acme Solar Share Price Performance

On the listing date, on the NSE, Acme Solar share price opened at ₹251.00, down from its issue price of ₹289 per share. However, at 11:35 AM, the share price of Acme Solar was trading at ₹266.85, up by 6.31%. Notably, the stock touched its day’s high as of 11:35 AM at ₹276.10. 

On the BSE, Acme Solar share price opened at ₹259.00, down from its issue price of ₹289 per share. At 11:45 AM, the share price of Acme Solar was trading at ₹266.90, down by 7.65% from its issue price. As of 11:49 AM, the share touched its day’s high at ₹279.00 and day’s low at ₹255.00. 

ACME Solar IPO Details

The ACME Solar Holdings IPO opened for subscription on Wednesday, November 6, and closed on Friday, November 8. The IPO allotment was finalised on November 11, and the shares of ACME Solar Holdings were listed on both BSE and NSE today, November 13.

ACME Solar IPO was subscribed 1.55 times in total. The public issue received 1.49 times subscription in the retail category and 0.44x subscription in the Non Institutional Investors (NII) category. The portion for Qualified Institutional Buyers (QIB) was subscribed 2.14 times.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.