ACME Solar Holdings Ltd News Today

The project is expected to start operations before June 2025, which will be a huge leap in the expansion of renewable energy.

In an exchange filing, the company stated that it had obtained Rs 3,753 crore in term loan financing from REC Limited

ACME has a wide range of renewable energy technologies in its portfolio, and it is always expanding by increasing its capacity.

The IPO, with a price band of ₹275 to ₹289 per share, raised ₹2,900 crore.

Demand was driven by retail individual investors (RIIs), who subscribed for more than twice the amount set out for them.

The IPO’s price range is set at ₹275 to ₹289 per equity share, with a face value of ₹2 per share.

Prior to the IPO launch, the company raised ₹1,300.50 Crore from anchor investors on 5th November 2024, providing strong backing for the public offering.

Investors can bid for 51 shares in a single lot and then in multiples of that price, which is set at Rs 275-289 per share.

The company supplies electricity to buyers, including central and state-backed entities, with 85% of its operational capacity based in Andhra Pradesh, Rajasthan, and Telangana.