How to Apply for ACME Solar Holdings IPO

The ACME Solar Holdings IPO is generating significant interest among investors in India’s renewable energy sector. If you’re considering participating in this IPO, this guide will walk you through the steps to apply for ACME Solar Holdings IPO through various platforms, including online banking and broker apps.

Key Details of ACME Solar Holdings IPO

• IPO Dates: November 6, 2024 – November 8, 2024
• Price Band: ₹275 to ₹289 per share
• Lot Size: 51 shares
• Minimum Investment: ₹14,739

Also Read: ACME Solar Holdings IPO Review: Should You Buy?

Steps to Apply for ACME Solar IPO

Step 1: Check Eligibility and Requirements

Before applying, ensure you meet the eligibility criteria:

• Demat Account: You must have an active Demat account with any SEBI-registered depository participant.
• UPI ID or Bank Account: For payment, either a valid UPI ID linked to your bank or a net banking account with ASBA (Application Supported by Blocked Amount) access is required.

Step 2: Decide on the Number of Lots

The minimum lot size for ACME Solar IPO is 51 shares. Choose the number of lots you wish to apply for based on your investment budget:

• Retail Investor Limit: Retail investors can apply for up to ₹200,000 in value, so decide on the number of shares accordingly.

Step 3: Choose Your Application Method

You can apply for the ACME Solar Holdings IPO via:

1. Bank ASBA (Net Banking)
2. Broker Apps

How to Apply for ACME Solar Holdings IPO via Net Banking (ASBA)

1. Login to Your Net Banking Account: Open your bank’s net banking portal and log in to your account.
2. Find the IPO Section: Navigate to the IPO or ASBA services section, often under “Investments” or “Demat & Trading” categories.
3. Select ACME Solar Holdings IPO: Choose the ACME Solar Holdings IPO from the list of active IPOs.
4. Enter Bid Details: Enter the number of shares (lots) and the price per share within the price band (₹275 – ₹289).
5. Confirm and Submit: Review your details and submit the application. Once submitted, your bank will block the required amount until the allotment date.

How to Apply for ACME Solar Holdings IPO via UPI (Broker App)

1. Open Your Broker App: Open your trading/broker app (like Zerodha, Upstox, Groww, or Paytm Money).
2. Go to the IPO Section: Find the IPO application section, usually accessible on the main dashboard or under “Investments.”
3. Select ACME Solar Holdings IPO: Click on the ACME Solar Holdings IPO option to start the application.
4. Enter Bid and UPI Details: Choose the bid quantity and price per share. Enter your UPI ID when prompted.
5. Approve UPI Mandate: Once you submit, you’ll receive a UPI mandate request in your UPI app. Approve the request to authorize the payment.

Allotment and Refund Process

After applying, here’s what to expect next:

1. Allotment Date: ACME Solar IPO allotment date is November 8, 2024.
2. Checking Allotment Status: You can check the IPO allotment status through the registrar’s website (Kfin Technologies Ltd) or on your broker’s app.
3. Refunds and Share Credits: If shares aren’t allotted, refunds are processed directly to your bank account. If shares are allotted, they’ll be credited to your Demat account by November 11, 2024.

Key Tips for a Successful IPO Application

• Apply Early: Applying early during the IPO period (November 6-8, 2024) can increase the chances of allotment.
• Avoid Multiple Applications with the Same PAN: Multiple applications with the same PAN may lead to rejection.
• Set Alerts for UPI Approvals: If applying via UPI, promptly approve the mandate request to avoid delays.

FAQs on Applying for ACME Solar IPO

By following these steps, you can apply for the ACME Solar Holdings IPO easily. This investment opportunity in a major renewable energy player could be a valuable addition to your portfolio. Make sure to review your financial goals and conduct thorough research before investing.