- Hindi News
- Business
- Swiggy Limited ACME Solar Holdings IPO Price 2024;, Lot Size Listing Date Details
Mumbai2 hours ago
- copy link
Today 2 Initial Public Offers i.e. IPOs have opened for listing in the share market. This includes Swiggy Limited and ACME Solar Holdings Limited.
Investors can bid for both IPOs till November 8. On November 13, shares of both the companies will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Let us know about the IPO 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 fresh shares worth Rs 4,499 crore. Whereas, 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.
Retail investors can bid for maximum 494 shares
Swiggy Limited has fixed the IPO price band 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.
Whereas, retail investors can apply for maximum 13 lots i.e. 494 shares. For this, investors will have to invest ₹ 192,660 as per the upper price band.
Swiggy's revenue to increase by 36% in FY 2024
Swiggy's revenue increased by 36% to Rs 11,247 crore in FY 2024, from Rs 8,265 crore in its previous financial year. During this period, the company also reduced its losses by 44% and in the financial year 2024 it stood at Rs 2,350 crore, which was Rs 4,179 crore in the previous year. The company has been helped in reducing losses by keeping its costs under control.
Although Swiggy's performance is lower than that of Zomato, it has still narrowed the gap to its rival in FY24. Zomato recorded revenue of Rs 12,114 crore in FY 2024, while Swiggy's revenue stood at Rs 11,247 crore. Similarly, Zomato made a profit of Rs 351 crore, while Swiggy had a loss of Rs 2,350 crore.
2. ACME Solar Holdings Limited
ACME Solar Holdings wants to raise a total of Rs 2,900 crore through IPO. For this, the company is issuing 82,871,973 fresh shares worth ₹2,395 crore. Whereas, 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 maximum 494 shares
ACME Solar Holdings has set the IPO price band 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 at ₹ 289, then you will have to invest ₹ 14,739.
Whereas, retail investors can apply for maximum 13 lots i.e. 663 shares. For this, investors will have to invest ₹ 191,607 as per the upper price band.
ACME Solar Holdings was established in June 2015.
ACME Solar Holdings Limited was established in June 2015, which generates electricity from renewable energy sources. The company is one of the largest companies generating electricity from wind and solar energy in India. The company engages in development, construction, ownership, operation and maintenance of large-scale renewable energy projects.
10% share reserved for retail investors in both IPOs
Both the companies have reserved 75% of their respective IPOs for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
