As ACME Solar’s IPO ran from November 6 to November 8, 2024, it drew a good response from retail investors, while institutional interest was somewhat reserved. The Grey Market Premium (GMP) for ACME Solar has fluctuated, peaking at ₹30 before settling down to around ₹1 in the lead-up to the listing. This negligible GMP indicates ACME Solar Holdings IPO Price Prediction is about-2 to 2 % opening debute of stock price.
| Table Of Content |
|---|
| ACME Solar IPO GMP Trends |
| ACME Solar Holdings IPO Listing Price Prediction |
| ACME Solar IPO Subscription Data |
| Financial Highlights |
| ACME Solar IPO Listing Strategy |
| Top FAQs ACME Solar IPO |
ACME Solar IPO GMP Trends
GMP trends are a quick way to gauge pre-listing interest. While the initial GMP was around ₹30, it has since stabilized at a lower levelwith neutral stance, reflecting a realistic expectation of gains rather than an overly bullish outlook. This suggests that investors may see an initial pop, but the broader market environment and company fundamentals might temper high expectations
Decoding GMP Trend
GMP trends can reflect market enthusiasm, though it’s not a guaranteed indicator. For ACME Solar, the GMP initially signaled a premium above the issue price, but the decline suggests tempered expectations. It’s often a good idea for investors to use GMP as one input in decision-making rather than a standalone indicator of listing performance
ACME Solar Holdings IPO Listing Price Prediction
Based on the current GMP of around 0, ACME Solar’s shares might list close to range 285-295, which could yield a gain of around -2 to 2 % However, this expected listing price could vary depending on real-time demand and overall market sentiment on listing day, so investors may want to watch closely when the stock opens for trading.
ACME Solar IPO Subscription Data
With overall subscription rates around 289%, ACME Solar’s IPO had mixed support across different investor groups. Retail investors oversubscribed, yet QIBs and HNIs showed moderate intrest, possibly indicating that institutional investors are taking a cautious stance. This pattern suggests solid retail backing but an overall measured response from the market.
Financial Highlights
ACME Solar’s financial journey reflects the growth of India’s renewable energy sector. After showing a loss in FY23, the company rebounded in FY24 with a net profit of ₹689.23 crore. This shift to profitability, driven by higher revenues and operational efficiency, is promising, though the company’s high debt levels remain a concern that could impact long-term growth unless managed carefully
Financial Performance Overview
| Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| FY 2022 | 1,487.9 | 62 |
| FY 2023 | 1,294.9 | -3.17 |
| FY 2024 | 1,919.25 | 689 |
ACME Solar IPO Listing Strategy
- Short-Term Investors: If ACME Solar opens at a premium, short-term investors might consider booking profits early to lock in quick gains. If it lists near the issue price, a hold strategy could allow for a slight appreciation, depending on early trading sentiment.
- Long-Term Investors: For those considering a longer hold, ACME Solar’s potential lies in its commitment to renewable energy and India’s favorable green policies. Yet, due to its current debt levels, long-term investors may want to monitor quarterly performance to ensure the company is on track for sustainable growth.
ACME Solar IPO Listing Time
ACME Solar’s shares are expected to debut on both the NSE and BSE on November 13, 2024. Shares typically start trading around 10:00 AM IST, making it an important time for investors tracking the listing price and overall market interest.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial advisor before making investment decisions, as all investments carry risks.
Top FAQs ACME Solar IPO
- What kind of listing gain can be expected for ACME Solar?
Based on the current GMP, listing gains could be around 3-5%, but actual performance will depend on listing day demand. - How well was the IPO subscribed across categories?
Retail investors showed high interest, while QIBs were more reserved, indicating mixed market sentiment. - How has ACME Solar’s financial performance been?
The company has moved from a loss to profit over the past year, thanks to increased project revenues, though its debt remains a factor. - Is ACME Solar a good long-term investment?
With its strong position in renewable energy, the company has long-term potential, but investors should be mindful of its debt and market volatility. - Where can I check the listing price on the day?
You can monitor real-time prices on NSE and BSE from 10:00 AM IST on November 13. - ACME Solar IPO hold or sell on listing day?
If the listing opens at a strong premium, selling may be an option for short-term gains. For those with a long-term view, holding could be beneficial due to the company’s renewable energy focus.