The ACME Solar IPO allotment status has been a topic of great interest as the IPO, launched between November 6 and November 8, 2024, attracted substantial attention. How to check ACME Solar IPO allotment status? Investors can get answer of this question by following the simple steps outlined on the registrar’s website or through BSE/NSE platforms to check their allotment status post-November 11. With a price range of ₹275-289 per share, the IPO was oversubscribed 2.89 times, reflecting strong investor confidence.
| Table Of Content |
|---|
| How To Check ACME Solar IPO Allotment Status? – Key Methods |
| ACME Solar IPO Subscription Data |
| ACME Solar IPO GMP Trend |
| ACME Solar IPO Dates |
| Key Points to Consider on Listing Day |
| Top FAQs |
How To Check ACME Solar IPO Allotment Status
After the allotment on November 11, there are a few simple methods investors can confirm whether they have received shares in the ACME Solar IPO:
- Registrar’s Website (Link Intime):
- Navigate to the “IPO Allotment Status” page.
- Select “ACME Solar IPO” from the dropdown.
- Enter either your PAN number, application number, or DP ID/client ID.
- Submit the form to view the allotment result.
- BSE Website:
- Choose “Equity” as the issue type and select “ACME Solar IPO.”
- Enter the application number and PAN to access your status.
- Submit the form to view the allotment result.
- Through Bank (ASBA): If you applied for the IPO through Application Supported by Blocked Amount (ASBA) via your bank account, the allotment status can be checked through the bank’s portal.
- Log in to your bank account: Go to your bank’s online banking website or mobile app.
- Locate IPO section: Once logged in, search for an IPO-related section under the “Investments” or “Applications” tab (this can vary by bank).
- Select IPO Application Status: Look for a link that says “IPO Allotment Status” or “Check IPO Application Status.”
- Enter required details: You will be asked to provide your PAN number, Application number, or Client ID.
- View status: After entering the information, you will be shown if you have been allotted shares and the number of shares allotted.
Sources: ICICI Bank, Axis Bank, HDFC Bank provide direct links to check the status via their banking platforms.
- Through Demat Account: If you applied through your demat account (via a broker or through an online trading platform), the allotment status can be checked using the Depository Participants (DP) portal or through the broker’s website.
- Log in to your trading account: Use the credentials to log in to your broker’s trading platform (like Zerodha, Upstox, Angel One, etc.).
- Navigate to IPO Section: Once logged in, navigate to the IPO section under the “Portfolio” or “Investments” tab.
- Check IPO Status: There should be an option to check the IPO allotment status.
- Enter details: You might need to enter PAN number, Application number, or Demat account number to view the allotment status.
- View results: If allotted shares, they will be credited to your demat account and the status will reflect the number of shares allotted.
These platforms offer timely updates, ensuring investors can quickly confirm their allotment status.
ACME Solar IPO Subscription Data
| Category | Subscription (times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 3.72x |
| Non-Institutional Investors (NII) | 1.02x |
| Retail Individual Investors (RII) | 3.25x |
| Total Overall Subscription | 2.89x |
ACME Solar IPO GMP Trend
The Grey Market Premium (GMP) for ACME Solar has shown promising growth in the last three days, which serves as an indicator of investor demand and market confidence ahead of the listing:
| Date | GMP (₹) | Important Event |
|---|---|---|
| November 6, 2024 | 10 | IPO Open Date |
| November 7, 2024 | 10 | IPO Second Day |
| November 8, 2024 | 0 | IPO Close Date |
| November 9, 2024 | 0 | – |
The increasing GMP trend suggests optimism among investors, hinting at a potential premium listing if market conditions remain favorable. However, GMP is speculative and can fluctuate based on market dynamics, so investors are encouraged to keep an eye on any sudden changes as listing day approaches.
Expected Listing Gains
Given the robust subscription numbers, particularly the 3.25 times subscription from retail investors and a GMP of ₹0, the ACME Solar IPO could see listing flat gains. Such listing gains are may lead to panic selling on listing day. However, actual gains will depend on prevailing market conditions, investor sentiment, and demand-supply dynamics on the listing day. Investors should assess the market’s response to comparable green energy stocks for additional insight into potential price movements.
ACME Solar IPO Dates
Below is a timeline of critical upcoming dates associated with the ACME Solar IPO:
| Event | Date |
|---|---|
| IPO Open Date | November 6, 2024 |
| IPO Close Date | November 8, 2024 |
| Allotment Date | November 11, 2024 |
| Refund Initiation | November 12, 2024 |
| Shares Credited to Demat | November 12, 2024 |
| Listing Date | November 13, 2024 |
These dates are crucial for tracking the progress from allotment to listing and ensuring investors are prepared to make decisions about their shares on time.
Key Points to Consider on Listing Day
To maximize the benefit from the ACME Solar IPO on the listing day, here are essential factors to keep in mind:
- Monitor Real-Time GMP: Keep an eye on the GMP right before the market opens. If the premium has held steady or increased, it may indicate strong listing gains.
- Set a Listing Day Strategy: Based on your investment objectives, decide whether to sell immediately or hold for potential long-term gains, especially considering ACME Solar’s position in the renewable energy sector.
- Expect Price Volatility: Like most IPO listings, ACME Solar may experience significant price swings within the first hour. If you’re looking to exit, setting a target price can help navigate this volatility.
- Market Sentiment Impact: Broader market trends can impact IPO listings; a bearish market could affect potential gains, while a bullish market may amplify demand.
Top FAQs
When will ACME Solar IPO allotment status be available?
The allotment status will be available on November 11, 2024.
How can I check my ACME Solar Holdings IPO allotment status?
You can check your allotment status via Link Intime’s website, the BSE website, or your broker’s app.
What is the current GMP for ACME Solar IPO?
The GMP is currently around ₹0, indicating positive sentiment for listing gains.
When is the ACME Solar IPO listing date?
The shares are expected to be listed on November 13, 2024, on the NSE and BSE.
What are the expected listing gains?
Based on GMP and subscription data, listing gains will be flat, subject to market conditions.
How has the IPO been received by different investor categories?
QIB subscription stands at 3.72 times, NII at 1.02 times, and Retail at 3.25 times, showcasing significant interest across categories.
What should I consider if I plan to sell on the listing day?
Review the GMP, broader market conditions, and set a clear price target for exit if you plan to sell on the listing day.
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