Shares of ACME Solar Holdings slipped 9 per cent to Rs 230.35 on the National Stock Exchange (NSE) in Thursday’s intra-day trade amid heavy volumes after making a weak debut on Wednesday. In two days, the stock has declined 20 per cent against its issue price of Rs 289 per share.

ACME Solar Holdings IPO Listing: The equity shares of ACME Solar Holdings Ltd are set to make their stock market debut today after its initial public offering (IPO) hit the Steet last week. ACME Solar Holdings IPO listing date is today, November 13.

ACME Solar Holdings sold its shares in the price band of Rs 275-289 apiece, which could apply for a minimum of 51 shares and its multiples thereafter to raise a total of Rs 2,900 crore.

The listing of ACME Solar has been muted than the expectations. Ahead of its listing, the grey market premium (GMP) for the shares of the company stood at -₹4.

ACME Solar Holdings Ltd shares closed over 12% below IPO price on Wednesday, with the company's market valuation reaching Rs 15,338.98 crore.

Acme Solar Holdings' IPO was subscribed 2.75 times on its final day of bidding led by institutional investors.

Post listing, shares of Acme Solar Holdings gained some ground and touched a high of ₹276.10, after debuting at ₹251 per share over IPO price of ₹289.

ACME Solar Holdings sold its shares in the price band of Rs 275-289 apiece, which could apply for a minimum of 51 shares and its multiples thereafter to raise a total of Rs 2,900 crore.

ACME Solar Holdings made a disappointing debut on the bourses lower than Street's estimate. On BSE Sensex, the stock got listed at Rs 259 per share, which implies a decline of 10.3 per cent on the issue price of Rs 289 per share.

ACME Solar Holdings share price got listed at ₹251 apiece on NSE, a discount of 13.15% to the issue price of ₹289 per share.

Acme Solar Holdings made its stock market debut today, with shares trading at a discount in the grey market. Despite recent growth and profitability, analysts are cautious due to the company's high debt levels.