Emmvee Photovoltaic Lists Flat at Rs 217, Closes Marginally Higher

Weak pre-listing signals foreshadowed the muted start.

Overview

Shares debuted at Rs 217 on both the BSE and NSE, matching the top of the IPO price band.
The stock swung between Rs 206.85 and Rs 227.80 intraday and settled at Rs 219.05 on the BSE and Rs 219.40 on the NSE.
The IPO drew overall subscription of 0.97 times, with 75,044,538 bids against 77,427,183 shares on offer, according to BSE data.
A grey-market premium of Rs 0 on listing day, a speculative indicator, had pointed to a flat opening.
On the same day, PhysicsWallah’s IPO registered stronger investor interest with 1.81 times subscription, receiving 336,227,044 bids for 186,204,143 shares.