ACME Solar Holdings IPO sails through on Day 3. Check GMP, other details

ACME Solar Holdings plans to use the net proceeds from its IPO to repay outstanding borrowings and fund general corporate purposes, with the OFS proceeds going to the promoter-selling shareholder. For FY24, the company reported a revenue of Rs 470.84 crore and a profit after tax of Rs 419.56 crore, reversing a loss from FY23.