ACME Solar IPO Allotment – 4 Ways to Check Allotment Status

Last updated on November 12, 2024

ACME Solar IPO GMP

ACME Solar IPO Subscription

ACME Solar IPO allotment status is now available. Allotment status has been made available on November 11, 2024, as per the timeline provided in the red herring prospectus (RHP) of the IPO.

ACME Solar’s initial public offering (IPO) saw a subscription of almost 2.75 times while the QIB category was subscribed 3.54 times. Retail category also saw a healthy demand at 3.10 times. Nevertheless, HNI portion was covered only 97%. The stock is set to be listed on 13 November with much anticipation around the allotment process beforehand. Once the allotment process is finalized and refunds are initiated, shares will likely be credited into successful investors’ demat accounts by 12 November. Given the reception towards ACME Solar IPO in the grey market premium (GMP), the IPO is likely to list in the positive territory.

Here are a few methods to verify the ACME Solar IPO allotment status.

#1 Registrar Website – Most effective way to check ACME Solar IPO allotment status

After an IPO has finished accepting subscriptions, the issue registrar takes over the next steps. The registrar handling this case is KFin Technologies. Investors can easily visit its website and navigate to ACME Solar from a list of options provided to check their allotment status by entering any of the details given.

• PAN
• IPO Application Number (CAF Number)
• Beneficiary ID (NSDL or CDSL Demat Account Number)

Registrar websites can get busy during allotment days and may slow down significantly; however, KFin Technologies seems to have a reliable infrastructure, in place to handle that load better than most others do in such situations. Nevertheless, it is always advisable to explore multiple options.

#2 BSE Website

You can also verify the status of the ACME Solar IPO allotment by visiting the IPO allotment page on the BSE website. However, investors need to have both the application number and PAN to check using this method. Just choose equity select the IPO enter your application number and PAN to view the status.

The Bombay Stock Exchange (BSE) boasts a website infrastructure that ensures investors encounter minimal issues, like slow loading times or unresponsiveness when using it.

#3 Bank Account Debit/Removal of Lien

If you haven’t found what you’re looking for yet in your search results up to now, it could be worth checking your bank account. Many banks have systems in place and send updates on account balances to customers through various means such, as text messages. So you might not even have to log in to banking.

Suppose the investor’s request has been approved successfully. In that case, their application is accepted for a single lot in the ACME Solar IPO at INR 14,739 per lot will be debited from their account accordingly. If the application is not successful the amount that was put on hold for the application will reflect as an increase in the bank account balance.

Upon allocation of shares in an IPO, the balance in the bank account decreases by the corresponding sum of money allocated for the shares purchased. It is crucial to understand that the process of IPO allotment and the subsequent deduction of funds, from a bank account are occurrences; however, there are instances where these events occur almost simultaneously.

#4 Credit of Shares in Demat Account

If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.

ACME Solar IPO Allotment FAQs