The initial public offering (IPO) of Emmvee Photovoltaic opens for bidding on Tuesday, November 11. The solar PV module player shall be offering its shares in the range of Rs 206-217 apeice. Investors can apply for a minimum of 69 equity shares and its multiples thereafter. The issue closes for bidding on Thursday, November 13. Advertisement

Emmvee Photovoltaic Power is raising a total of Rs 2,900 crore via IPO, which includes a fresh share sale of Rs 2,143.86 crore and an offer-for-sale (OFS) of up to 3,48,45,069 equity shared worth Rs 756.14 crore. The net proceeds from the issue shall be utilized towards repayment of debt of the company and its material subsidiaries; and general corporate purposes.

Incorporated in March 2007, Bengaluru-based Emmvee Photovoltaic Power is an integrated

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