Emmvee Photovoltaic Power Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
Mainboard
Price Range:
Rs.217.00
Issue Size:
Rs.2,900.00 Cr
Lot Size:
69 shares
Open Date:
November 11
Emmvee Photovoltaic Power Ltd. IPO Overview
Bidding Dates
November 11 - November 13
Min Investment
₹14,973
Price Range
₹217.00
Issue Size
₹2,900.00 Cr
IPO DRHP Doc
Company Overview
Emmvee Photovoltaic Power Limited, incorporated in March 2007, is an integrated solar PV module and cell manufacturer with a capacity of 7.80 GW for modules and 2.94 GW for cells. The company operates four manufacturing units in Karnataka and serves a diverse customer base, including independent power producers and entities in the commercial and industrial sectors. As of March 31, 2025, it employed 611 full-time staff and had served 525 customers in the previous year.
IPO Timeline
Opens
Nov 11
Closes
Nov 13
Allotment
Nov 14
Refunds
Nov 17
Shares Credit
Nov 17
Listing
Nov 18
Opens
Nov 11
Closes
Nov 13
Allotment
Nov 14
Refunds
Nov 17
Shares Credit
Nov 17
Listing
Nov 18
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 1.26x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 0.30x | Undersubscribed |
| RII (Retail Individual Investors) | 1.10x | Oversubscribed |
| Total Subscription | 0x | Undersubscribed |
Last updated: Nov 13, 2025, 07:02 PM
Current GMP:
No Premium
Est. Listing:
Rs.217
Est. Gain:
0%
Star Rating:
★★★★★(0/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Assets | ₹3,913.94 Cr | ₹3,913.94 Cr | ₹2,189.99 Cr | ₹840.79 Cr |
| EBITDA | ₹721.94 Cr | ₹721.94 Cr | ₹120.44 Cr | ₹56.27 Cr |
| NET Worth | ₹531.41 Cr | ₹531.41 Cr | ₹162.77 Cr | ₹133.97 Cr |
| Profit After Tax | ₹369.01 Cr | ₹369.01 Cr | ₹28.9 Cr | ₹8.97 Cr |
| Reserves and Surplus | ₹529.37 Cr | ₹529.37 Cr | ₹160.73 Cr | ₹131.93 Cr |
| Total Borrowing | ₹1,949.69 Cr | ₹1,949.69 Cr | ₹1,441.3 Cr | ₹519.62 Cr |
| Total Income | ₹2,360.33 Cr | ₹2,360.33 Cr | ₹954.44 Cr | ₹644.37 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Strong 7.8 GW module and 2.94 GW cell capacity
- Rapid FY25 revenue growth from ₹952 crores to ₹2,336 crores
- PAT surged from ₹29 crores to ₹369 crores (13×)
- Order book increased to 5.26 GW as of May 2025
- Adoption of high-efficiency TOPCon technology and DCR eligibility
IPO Details
Emmvee Photovoltaic IPO Details
| Face Value | ₹2 per share |
| Fresh Issue | 9,87,95,483 shares (aggregating up to ₹2,143.86 Cr) |
| IPO Date | November 11, 2025 to November 13, 2025 |
| Issue Price Band | ₹206 to ₹217 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | November 18, 2025 |
| Lot Size | 69 Shares |
| Offer for Sale | 3,48,45,069 shares of ₹2 (aggregating up to ₹756.14 Cr) |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Share Holding Post Issue | 69,23,45,033 shares |
| Share Holding Pre Issue | 59,35,49,550 shares |
| Total Issue Size | 13,36,40,552 shares (aggregating up to ₹2,900.00 Cr) |
Emmvee Photovoltaic IPO Reservation
Share Reservation Distribution
QIB
100,230,415 shares (75%)
Anchor Investors
60,138,249 shares (45%)
QIB (Ex-Anchor)
40,092,166 shares (30%)
HNI (NII)
20,046,083 shares (15%)
bNII (>₹10L)
13,364,055 shares (10%)
Retail
13,364,055 shares (10%)
sNII (<₹10L)
6,682,028 shares (5%)
Emmvee Photovoltaic IPO Promoter Holding
| Promoter Holding Post Issue | 80.03% |
| Promoter Holding Pre Issue | 99.22% |
Emmvee Photovoltaic IPO Listing Details
| BSE Script Code | 544608 |
| Final Issue Price | [.] |
| ISIN | INE1C6T01020 |
| Listing Date | November 18, 2025 |
| NSE Listing Group | EQ (Rolling) |
| NSE Symbol | EMMVEE |
Key Dates
Open Date:November 11
Close Date:November 13
Listing Date:November 18
