Swiggy ACME Solar IPO: How much is the IPO of Swiggy Limited and ACME Solar Holdings, know the details even after bidding…

Swiggy ACME Solar IPO: Today is the second day of bidding for the IPO of Swiggy Limited and ACME Solar Holdings Limited. Swiggy was subscribed a total of 0.12 times on the first day. This issue was subscribed 0.56 times in the retail category and 0.06 times in the non-institutional investors (NII) category.

At the same time, the IPO of ACME Solar Holdings was subscribed a total of 0.42 times on the first day. The issue was subscribed 1.28 times in the retail category, 0.16 times in the Qualified Institutional Buyers (QIB) category and 0.34 times in the Non-Institutional Investors (NII) category.

Investors can bid for both the IPOs till tomorrow i.e. 8th November. On November 13, shares of both the companies will be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Let us know about the IPOs of these two companies one by one.

1. Swiggy Limited

Swiggy wants to raise Rs 11,327.43 crore through IPO. For this, the company is issuing 11,53,58,974 new shares worth Rs 4,499 crore. At the same time, the existing investors of the company are selling 17,50,87,863 shares worth Rs 6,828.43 crore through Offer for Sale i.e. OFS.

Can bid for maximum 494 shares

Retail investor Swiggy Limited has fixed the price band of IPO at ₹371-₹390. Retail investors can bid for a minimum of one lot i.e. 38 shares. If you apply for 1 lot at the upper price band of IPO at ₹ 390, then you will have to invest ₹ 14,820 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 494 shares. For this, investors will have to invest ₹ 192,660 as per the upper price band.

2. ACME Solar Holdings Limited

ACME Solar Holdings wants to raise a total of ₹2,900 crore through IPO. For this, the company is issuing 82,871,973 new shares worth ₹ 2,395 crore. At the same time, the existing investors of the company are selling 17,474,049 shares worth ₹ 505 crore through Offer for Sale i.e. OFS.

Retail investors can bid for a maximum of 494 shares

ACME Solar Holdings has set the price band of the IPO at ₹275-₹289. Retail investors can bid for a minimum of one lot i.e. 51 shares. If you apply for 1 lot at the upper price band of IPO of ₹ 289, then you will have to invest ₹ 14,739 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 663 shares. For this, investors will have to invest ₹ 191,607 as per the upper price band.