Acme Solar shares started trading on the NSE on November 13 at a 13.15% discount, listing at Rs 251 per share, lower than the offer price of Rs 289. The Gurugram-based renewable energy firm raised Rs 2,900 crore through its IPO, with a price band of Rs 275 to Rs 289 per share. The IPO included a fresh issue of Rs 2,395 crore and an offer-for-sale worth Rs 505 crore by ACME Cleantech Solutions.
About Acme Solar’s Growing Presence in Renewable Energy:
Acme Solar is developing a diversified renewable portfolio, adding to the cumulative total of installed renewable energy in India of almost 200 GW. The company operates major businesses in a wide variety of renewable technologies and aspires to help India achieve its target of adding more clean sources to the country’s power mix, now standing at 44% of renewable capacity, including large hydro projects.
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Source: Moneycontrol
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