Overview
- The book-built offer runs Nov. 11–13 with a fresh issue of Rs 2,143.86 crore and an OFS of Rs 756.14 crore; the retail lot is 69 shares, allotment is slated for Nov. 14 and listing is targeted for Nov. 18 on the BSE and NSE.
- Emmvee raised Rs 1,305 crore from anchors by allotting over 6.01 crore shares at Rs 217 to 55 investors, including ICICI Prudential MF, Kotak MF, WhiteOak, Franklin Templeton, SBI Life, ADIA, Morgan Stanley, BNP Paribas, Goldman Sachs, Citigroup and Nomura.
- About Rs 1,621 crore of net proceeds are earmarked for repayment or prepayment of borrowings and general corporate purposes, with total borrowings near Rs 1,950 crore as of March 2025.
- Early Day 1 data showed modest take-up with overall subscription around 7%, retail about 28%, non-institutional roughly 2% and no qualified institutional bids yet, while grey‑market quotes were reported near Rs 20 earlier Tuesday and later at about Rs 10, which are unregulated indicators.
- The Bengaluru-based solar module and cell maker reports 7.80 GW module and 2.94 GW cell capacity; an Angel One report cites strong FY25 performance and assigns a Subscribe view for long-term investors while flagging customer concentration and import reliance risks.