Emmvee Lists Flat as PhysicsWallah Eyes Premium in Twin India IPO Debuts

Overview

• Emmvee Photovoltaic Power opened at Rs 217 on both the BSE and NSE, then traded about 2.7% lower near Rs 211, implying a market value of roughly Rs 14,608 crore.
• PhysicsWallah is slated to list today, with an unofficial grey‑market premium of Rs 14 pointing to an expected price near Rs 123, though GMP signals are speculative and not official.
• Emmvee’s IPO closed at 0.97 times subscription, with 75,044,538 bids for 77,427,183 shares on offer, according to BSE data.
• PhysicsWallah’s offer drew 1.81 times subscription, with 336,227,044 bids against 186,204,143 shares, per BSE figures.
• Offer terms: Emmvee raised Rs 2,900 crore via a book-built issue in a Rs 206–217 band, while PhysicsWallah’s Rs 3,480 crore IPO carried a Rs 103–109 band.