What was the IPO subscription status for Emmvee Photovoltaic Power?

Emmvee Photovoltaic Power's IPO was 97% subscribed on its closing day.

What is Emmvee Photovoltaic Power's projected financial performance?

Emmvee projects significant revenue and profit CAGR, with strong EBITDA and PAT margins by FY25.

How does Emmvee Photovoltaic Power plan to grow?

Emmvee plans capacity expansion and aims to capture market share in India's renewable manufacturing sector.

Home / Business and Economy / Emmvee PV Power's Quiet Market Debut

Emmvee PV Power's Quiet Market Debut

18 Nov

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Summary

Emmvee PV Power debuted on stock exchanges at its IPO price.
The company's IPO was 97% subscribed on its final day.
Emmvee projects significant revenue and profit growth by FY25.

Emmvee Photovoltaic Power made a subdued debut on the stock market, with its shares opening at ₹217, the same as its Initial Public Offering (IPO) price. The trading session saw the stock fluctuate within a narrow range before settling close to its IPO valuation on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The ₹2,900 crore IPO, comprising a fresh issue and an offer for sale, garnered substantial investor interest, reaching 97% subscription by the end of its bidding period. This strong demand highlights confidence in the solar photovoltaic modules and solar cells manufacturer's prospects.

Financial analysts are optimistic about Emmvee's future, forecasting impressive revenue and profit growth, alongside healthy EBITDA and PAT margins. The company's substantial order book and strategic expansion plans position it to capitalize on India's ambitious renewable energy targets, aiming for significant market share in the burgeoning sector.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.