ACME Solar Holdings gains on raising Rs 2,800 crore equity capital via QIP
Acme Solar Holdings is currently trading at Rs. 352.10, up by 5.95 points or 1.72% from its previous closing of Rs. 346.15 on the BSE.
The scrip opened at Rs. 350.95 and has touched a high and low of Rs. 358.85 and Rs. 340.10 respectively. So far 485340 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 358.85 on 05-Jun-2026 and a 52 week low of Rs. 195.65 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 358.85 and Rs. 268.00 respectively. The current market cap of the company is Rs. 21090.85 crore.
The promoters holding in the company stood at 83.29%, while Institutions and Non-Institutions held 10.66% and 6.06% respectively.
ACME Solar Holdings (ACME Solar) has successfully completed its Rs 2,800 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in 2024. The transaction garnered strong participation from a well-diversified mix of existing and new marquee investors, including leading domestic mutual funds, major insurance companies and foreign institutional investors including SBI Mutual Fund (MF), Nippon MF, HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others.
This reflects deep investor conviction in the company’s execution capabilities and visible capacity expansion pipeline. The proceeds from the QIP will be used to reduce leverage and enhance the overall balance sheet strength.
ICICI Securities and IIFL Capital Services acted as the Book Running Lead Managers to the QIP. Shardul Amarchand Mangaldas & Co was the Legal Counsel to the company while Cyril Amarchand Mangaldas and Hogan Lovells were the Legal Counsels to the Book Running Lead Managers.
