Acme Solar Completes Qualified Institutions Placement of Equity Shares, Boosts Paid-up Capital
Acme Solar Holdings Limited has successfully completed the qualified institutions placement (QIP) of equity shares, significantly increasing its paid-up capital. The issuance aimed at institutional buyers concluded on June 04, 2026.The Company's Fund Raising Committee approved the allotment of 10,01,78,890 Equity Shares to eligible qualified institutional buyers. These shares were allotted at an issue price of ₹ 279.50 per Equity Share. The placement aggregated approximately ₹ 28,000.00 million.
The QIP opened on June 01, 2026, and closed on June 04, 2026. The trading window for the shares will open starting June 08, 2026.
Financial Impact of the Issue
The successful allotment of the Equity Shares has led to an increase in the paid-up equity share capital of Acme Solar Holdings Limited. Previously, the capital stood at ₹ 1,21,19,43,608, consisting of 60,59,71,804 Equity Shares. Following the QIP, the paid-up capital is now reported as ₹ 1,41,23,01,388, supported by a total of 70,61,50,694 Equity Shares.The placement was conducted at a premium of ₹ 277.50 per Equity Share, which includes a discount of ₹ 14.63 to the floor price determined under relevant regulations.
Placement Details and Key Allottees
The details regarding the issuance are summarized below:| Type of Issuance | Total Securities Issued (Approx.) | Issue Price | Aggregate Amount |
|---|---|---|---|
| Qualified Institutions Placement | 10,01,78,890 Equity Shares | ₹ 279.50 per Share | ₹ 28,000.00 million |
The list of allottees who were allotted more than five percent of the total Issue Size included several institutional entities. The top allotees and their share allocations are detailed in the following table:
| Name of Allottee | Shares Allotted | % Shares Allocated to Total Issue Size (Max) |
|---|---|---|
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON LIFE INDIA SMALL CAP FUND | 16848128 | 16.82% |
| HDFC TRUSTEE COMPANY LIMITED-HDFC FLEXI CAP FUND | 16108228 | 16.08% |
| SBI LARGE & MIDCAP FUND | 7477639 | 7.46% |
| SBI DIVIDEND YIELD FUND | 7477638 | 7.46% |
| SBI LIFE INSURANCE CO. LTD | 8586762 | 8.57% |
| ICICI PRUDENTIAL EQUITY& DEBT FUND | 4372093 | 4.36% |
Acme Solar Holdings Limited, which was previously known as Acme Solar Holdings Private Limited, has completed the transaction.
ACMESOLAR Stock Price Movement
Acme Solar Holdings Limited surged on Thursday, closing at ₹345.85 after gaining 4.92%, which reflected a rise of ₹16.20. The rally was robust as the equity hit its 52-week high during trading and settled within a daily range of ₹325.1 to ₹347.6, with 4.61 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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