ACME Solar Holdings’ IPO Oversubscribed Nearly 3 Times
Qualified institutional buyers led the demand, with a subscription rate of 3.54
November 8, 2024
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Solar energy company ACME Solar Holdings’ ₹29 billion (~$344.85 million) initial public offering (IPO) received tepid interest from investors. At the end of the bidding window on November 8, 2024, the issue was oversubscribed 2.75 times.
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Arjun Joshi
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