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Emmvee Photovoltaic Power shares make flat debut on D-Street, hold or sell? Check Anil Singhvi's outlook
Written By Shristi Rani
Published: | Updated:
Emmvee Photovoltaic Power Share Price: Emmvee Photovoltaic Power shares stepped into the secondary market today, November 18, with the listing in line with what market guru Anil Singhvi had predicted. The listing follows the company's Rs 2,900 crore IPO, which concluded last week with an overall subscription of nearly one time the equity on offer.
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The public offer was a book-build issue of Rs 2,900 crore
Emmvee Photovoltaic Power IPO Listing: Shares of Emmvee Photovoltaic Power Limited made a flat debut on Dalal Street at the issue price on Tuesday, November 18. The stock of the solar panel manufacturer opened for trade at Rs 217 on both the stock exchanges-NSE and BSE.
Listing in line with market guru Anil Singhvi's expectations
Earlier on Tuesday, Zee Business Managing Editor Anil Singhvi predicted the stock to list around the issue price of Rs 217.
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The market analyst noted that the issue received a poor response and was subscribed to nearly one time only.
He also highlighted that it is difficult to predict the post-listing move in such low low-subscription IPO. However, he expects some interesting moves post-listing.
He advises risk-taking investors to apply, while the short-term investors can keep a suitable stop loss.
Emmvee Photovoltaic Power IPO subscription highlights
Overall, investors bid 7.50 crore shares out of the total shares on offer. The subscription includes bids from institutional buyers, institutional investors, and retail investors, who booked the issue 1.26 times, 0.30 times, and 1.10 times, respectively.
Emmvee Photovoltaic Power IPO details
The Emmvee Photovoltaic Power IPO was a book-build issue of Rs 2,900 crore, comprising a fresh issue of 9.88 crore shares (Rs 2,143.86 crore) and an offer-for-sale (OFS) of 3.48 crore shares (Rs 756.14 crore).
Price band: Rs 206 to Rs 217 per equity share
Subscription date: From November 11 to November 13, 2025
Lot size: 69 shares (minimum investment of Rs 14,973)
Emmvee Photovoltaic Power Limited company profile
Emmvee Photovoltaic Power Limited, which was incorporated in March 2007, has an integrated manufacturing setup consisting of solar cells and modules.
The company's product portfolio includes bifacial and mono-facial TOPCon modules & cells, and Mono PERC modules.
Financially, the company reported a revenue increase of 147 per cent and profit after tax (PAT) rose by 1177 per cent in the financial year ending March 31, 2025
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