Emmvee Photovoltaic Power Ltd. is expected to finalise the share allotment status for its initial public offering (IPO) on Friday, November 14.

The ₹2,900-crore IPO was open for subscription from November 11 to November 13.

The mainboard issue witnessed a muted response from investors during the three-day subscription period. The IPO was booked only 0.97 times on the last day of bidding on Thursday, with bids for more than 7.5 crore shares compared to 7.74 crore shares on offer.

In the retail category, the IPO was subscribed 1.1 times, while the Non-Institutional Investors (NIIs) booked their segment 0.3 times. The Qualified Institutional Buyers’ (QIBs) quota was booked 1.26 times.

The Emmvee Photovoltaic Power IPO comprised a fresh issue of 9.88 crore shares worth ₹2,143.9 crore and a

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