One day prior to the launch of its initial public offering (IPO), on November 5, ACME Solar Holdings, one of the biggest generators of electricity from solar and wind power, received Rs 1,300.5 crore from anchor investors.
All investors will be able to subscribe for the Rs 2,900-crore initial share offer on November 6 and it will close on November 8 with a price range of Rs 275-289 per share. It is a combination of the promoter ACME Cleantech Solutions' offer-for-sale of Rs 505 crore and the new issue of Rs 2,395 crore.
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