Acme India Industries Lists at 13% Premium on BSE SME
Source: GNews IPO
Arth Insight · What this means for your wallet
- Acme India Industries' successful IPO and strong listing suggest potential growth, which could benefit investors.
- The 13% premium on listing indicates initial investor confidence, but SME stocks carry higher risk.
- This event highlights the growing opportunities in the SME segment for investors seeking higher returns, albeit with increased volatility.
Acme India Industries made its stock market debut on the BSE SME platform today, opening at a 13% premium to its issue price. The shares listed at ₹58.80 against the IPO price of ₹52.
- ▸Acme India Industries shares debuted on the BSE SME at ₹58.80, a 13% increase from the IPO price of ₹52.
- ▸The company raised ₹17.10 crore through its IPO.
- ▸The IPO subscription period was from March 15 to March 19, 2024.
- ▸The strong listing indicates positive investor reception.
- ✓Acme India Industries shares debuted on the BSE SME at ₹58.80, a 13% increase from the IPO price of ₹52.
- ✓The company raised ₹17.10 crore through its IPO.
- ✓The IPO subscription period was from March 15 to March 19, 2024.
- ✓The strong listing indicates positive investor reception.
Acme India Industries' shares began trading on the BSE SME platform today, marking a strong debut with a 13% premium. The stock opened at ₹58.80 per share, significantly higher than its initial public offering (IPO) price of ₹52.
The company successfully raised ₹17.10 crore through its IPO, which was open for subscription from March 15 to March 19, 2024. The issue comprised 25.92 lakh equity shares offered at a face value of ₹10 each.
The IPO aimed to fund the company's working capital requirements and general corporate purposes. The strong listing performance suggests positive investor sentiment towards Acme India Industries and the SME segment.
This information is for educational purposes only and does not constitute investment advice.
IPO investments are subject to market risk and allotment. Read the RHP / prospectus before applying; grey-market premium (GMP) is unofficial and unreliable. Some listings may be sponsored. Not investment advice.
Frequently Asked Questions
What is the listing price of Acme India Industries shares?
Acme India Industries shares listed at ₹58.80 on the BSE SME platform, a 13% premium to its IPO price of ₹52.
How much money did Acme India Industries raise through its IPO?
The company raised ₹17.10 crore through its initial public offering.
When was the Acme India Industries IPO open for subscription?
The IPO was open from March 15 to March 19, 2024.
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