Acme Solar Holdings Completes Qualified Institutions Placement Approves Equity Share Allocation and Pricing
Acme Solar Holdings Limited announced that its Fund Raising Committee has closed the Qualified Institutions Placement (QIP) of equity shares, determining and approving the allocation details and pricing for eligible qualified institutional buyers (QIBs). The resolutions were passed by the committee during a meeting held on June 04, 2026.The company confirmed the closure of the issue after receiving application forms and funds in the escrow account from QIBs, in accordance with the terms established for the placement. The Fund Raising Committee also approved and adopted the associated placement document intended for the Issue.
Key details regarding the equity share allocation were finalized by the committee. The total allocation stands at 10,01,78,890 Equity Shares, set at an issue price of Rs. 279.50 per Equity Share. This pricing structure includes a premium of Rs. 277.50 per Equity Share, taking into account a discount of ₹ 14.63 per Equity Share from the floor price of Rs. 294.13 per Equity Share.
The allocation process was finalized with the approval and adoption of a placement document on June 04, 2026. The company will issue an official confirmation note to all eligible QIBs regarding their share allotment under this placement.
Summary of Key Placement Details:
| Detail | Value |
|---|---|
| Company | Acme Solar Holdings Limited |
| Event Date | June 04, 2026 |
| Total Shares Allocated | 10,01,78,890 Equity Shares |
| Issue Price per Share | Rs. 279.50 |
| Premium per Share | Rs. 277.50 |
| Floor Price of Issue | Rs. 294.13 |
ACMESOLAR Stock Price Movement
Acme Solar Holdings Limited posted a powerful finish on Thursday, with shares surging 4.92% to close at ₹345.85 following gains of ₹16.20. The stock's performance capped off by hitting its 52-week high and saw significant investor interest as 4.61 million shares traded during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.