Acme Solar opens QIP issue with floor price set at Rs 294.13 per share
ACMESOLAR · price
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On the reaction day the stock moved 8.5 pts more than Nifty Smallcap 250 and 8.7 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ACME Solar Holdings has opened its Qualified Institutional Placement (QIP) of equity shares with face value of Rs 2 each. The Fund Raising Committee fixed the floor price at Rs 294.13 per share as per SEBI ICDR pricing formula, with relevant date June 01, 2026. The company may offer a discount of up to 5 percent on the floor price. Board had approved the issue on August 27, 2025 and shareholders via special resolution on September 29, 2025. Preliminary placement document has been filed with exchanges.
New equity shares will dilute existing shareholders. Pricing floor at Rs 294.13 with up to 5 percent discount allowed for institutions.