ACME Solar’s GMP Rises By Rs 60

New Delhi: ACME Solar Holdings’ Initial Public Offering (IPO) has garnered robust market enthusiasm, with the Grey Market Premium (GMP) witnessing a surge of Rs60. The IPO, which opened for subscription today, is a book-built issue with a total offering size of Rs2,900 crore, marking one of the significant entries into the market in recent months.The IPO is a mix of a fresh issue of 8.29 crore equity shares totaling Rs2,395 crore, alongside an offer for sale of 1.75 crore shares valued at Rs505 crore. The price band for ACME Solar Holdings IPO is set at Rs275 to Rs289 per share, reflecting the company’s strong position within the renewable energy sector.