Emmvee Photovoltaic Power Ltd is expected to finalise the allotment of shares for its Rs 2,900-crore initial public offering (IPO) on Friday. The issue was open for subscription from November 11 to November 13.

The public offer saw a muted response from investors, closing with an overall subscription of 0.97 times. Investors placed bids for more than 7.5 crore shares against 7.74 crore shares on offer. The retail investor segment was subscribed 1.1 times, while the non-institutional investor (NII) category saw a subscription of 0.3 times. The qualified institutional buyer (QIB) portion was subscribed 1.26 times. Advertisement

The IPO comprised a fresh issue of 9.88 crore shares worth Rs 2,143.9 crore and an offer-for-sale (OFS) of 3.48 crore shares totalling Rs 756.1 crore. Proceeds fro

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