Emmvee Photovoltaic Power will be opening its IPO for subscription on November 11 to raise Rs 2,900 crore. A fully book-built issue, it is a combination of a fresh issue and OFS. Here is a detailed look at the IPO details of the solar PV module and cell manufacturing.

Emmvee Photovoltaic IPO: Key details

The issue is a combination of 9.88 crore fresh shares amounting to Rs 2,143.86 crores and an offer for sale of 3.48 crore shares totalling Rs 756.14 crores. The company set the IPO price band in a range of Rs 206 to Rs 217 per equity share.

Emmvee Photovoltaic IPO: Objectives

The company will be using Rs 1,621.29 crore to pay the outstanding borrowings and accrued interest.

Emmvee Photovoltaic IPO: GMP

The company’s shares were fetching a grey market premium of 9% or Rs 20. This tran

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