Emmvee Photovoltaic Power's ₹2,900-crore Initial Public Offering (IPO) opens for subscription on Tuesday, November 11, and will remain open until November 13.

A day before the IPO launch , the Bengaluru-based solar photovoltaic module and solar cell manufacturer raised ₹1,305 crore from 55 anchor investors on November 10.

Global investors such as Abu Dhabi Investment Authority, Ashoka WhiteOak, Amundi Funds, Prudential Hong Kong, Eastspring Investments, BNP Paribas Funds, Societe Generale, Morgan Stanley, Goldman Sachs, Nomura Singapore, and Citigroup participated through the anchor book.

Should you apply?

At the upper end of the price band, if FY26 earnings are annualised, the issue is valued at a P/E of 20.0x, while on FY25 earnings, it stands at 40.7x, indicating that the IPO is

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