Emmvee Photovoltaic IPO Details: Everything You Should Know about 

Check Expert’s Verdicts on Emmvee Photovoltaic IPO

The Emmvee Photovoltaic IPO will be open for bidding from 11th November to 13th November. It is a book-building issue of 2,900 crore shares. The issue is entirely a fresh issue of 9.88 crore shares. And an offer for sale of 3.48 crore shares. The IPO is expected to be listed on the BSE and NSE with a tentative listing date of 18th November 2025.

Emmvee Photovoltaic IPO Details

The Emmvee Photovoltaic IPO is expected to take place from 11th November 2025 to 13th November 2025. The face value of Emmvee Photovoltaic IPO shares is ₹1 per share, and the IPO price is set at ₹206 to ₹217 per share.

Kfin Technologies Limited is the registrar of the Emmvee Photovoltaic IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

Emmvee Photovoltaic IPO Details 

Emmvee Photovoltaic IPO Share Reservation

Emmvee Photovoltaic’s IPO is a book-building issue IPO of 2,900 Crore shares. Emmvee Photovoltaic Limited Shares will be listed on the BSE and the NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.

Emmvee Photovoltaic IPO GMP 

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Emmvee Photovoltaic IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of  11th November 2025, the Emmvee Photovoltaic IPO GMP stands at ₹7 per share, indicating that the share is likely to list at ₹116 on its tentative listing date, November 18, 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Emmvee Photovoltaic IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Emmvee Photovoltaic IPO Review

Review the detailed Emmvee Photovoltaic IPO review for a thorough understanding of its potential to deliver listing gains. The Emmvee Photovoltaic IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s economic performance and trends before applying for the Emmvee Photovoltaic IPO.

Emmvee Photovoltaic Limited’s revenue increased by 147% from ₹954.44 crore in March 2024 to ₹2,360.33 crore in March 2025. Moreover, the company’s PAT increased by 177% from ₹28.90 crores to ₹369.01 crores. Investors can analyse other relevant factors and make a decision accordingly.

Emmvee Photovoltaic Limited’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for Emmvee Photovoltaic’s IPO on its tentative listing day.

Technical Analysis

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Emmvee Photovoltaic IPO

The P/E ratio of Emmvee Photovoltaic Limited’s shares is 34.9, and its Earnings Per Share (EPS) is 6.22. Thus, the Emmvee Photovoltaic Limited IPO can deliver gains on its tentative listing day, 18th November 2025

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Emmvee Photovoltaic Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

Emmvee Photovoltaic IPO Subscription Status

 The subscription status for the Emmvee Photovoltaic IPO is yet to be announced. Stay informed on this passage to check the live Emmvee Photovoltaic IPO subscription status. 

About the Emmvee Photovoltaic Limited Company Overview

Emmvee Photovoltaic Limited was established in March 2007 and is an integrated manufacturer of solar PV modules and cells. The company has a solar PV module capacity of 7.80 GW and a solar cell capacity of 2.94 GW. The company’s product portfolio includes bifacial and monofacial TOPCon modules and cells, as well as mono PERC modules. The company has four manufacturing units across two locations in Karnataka, spanning 22.44 acres.

• The largest pure-play integrated solar PV module and cell manufacturers in India.
• One of the largest solar PV module manufacturers in India, with a track record of delivering quality products.
• Early mover advantage in leveraging higher efficiency TOPCon cell technology.
• Advanced manufacturing units are driving efficient and sustainable operations.
• Valued relationships with a diverse customer base backed by a substantial order book.
• Experienced Promoter-led senior management team.

Emmvee Photovoltaic Limited Financials

The company’s financial analysis is essential before applying for Emmvee Photovoltaic Limited’s IPO. Refer to the table to learn about Emmvee Photovoltaic Limited’s financial information. 

Explanation

 Emmvee Photovoltaic Limited’s revenue increased by 147% from ₹954.44 crore in March 2024 to ₹2,360.33 crore in March 2025. Moreover, the company’s PAT increased by 177% from ₹28.90 crores to ₹369.01 crores. Investors can analyse other relevant factors and make a decision accordingly.

Emmvee Photovoltaic IPO Promoter Holdings

Take a look at the table below to review the holdings of Emmvee Photovoltaic Limited’s promoters. Manjunatha Donthi Venkatarathnaiah, Shubha Manjunatha Donthi, Suhas Donthi Manjunatha and Sumanth Manjunatha Donthi.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Emmvee Photovoltaic IPO Objectives

The primary objective of the Emmvee Photovoltaic IPO is to raise ₹2,900.00 crore. However, before applying for the IPO, it is essential to be aware of its secondary objectives. Explore them below

Should I Invest in Emmvee Photovoltaic IPO?

Explore the pros and cons of Emmvee Photovoltaic IPO to decide whether to apply for it or avoid it. These pros and cons might help you understand the IPO’s potential to deliver profits in the coming decades.

Pros of Emmvee Photovoltaic IPO

• Strong presence in solar module manufacturing in India
• Benefit from India’s fast-growing renewable energy policy push
• Decent brand recall in rooftop utility EPC space
• Backed by long industry experience 
• Latest high-efficiency panels, including the TOPCon segment
• Exports to multiple countries, geographical diversification

Cons of the Emmvee Photovoltaic IPO

• The company has a higher dependence on third-party suppliers for some raw materials, which can impact margins.
• The solar industry is highly competitive, and Emmvee competes with both Indian and Chinese players.
• Profitability can remain cyclical due to fluctuating solar module prices.
• Expansion plans require significant capital expenditures, which can put pressure on the balance sheet.

How to Invest in the Emmvee Photovoltaic IPO?

Please follow the steps outlined below to apply for a position at Emmvee Photovoltaic IPO Limited.

• Step 1: Conduct thorough research on the Emmvee Photovoltaic IPO, including GMP status, subscription status, issue size, lot size, and other relevant details. 
• Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for one lot of 69 shares, valued at ₹14,973.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Emmvee Photovoltaic IPO across multiple demat accounts to increase your chances of allotment. 

How to Check Emmvee Photovoltaic IPO Allotment Status?

You can check for the Emmvee Photovoltaic IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Emmvee Photovoltaic IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Emmvee Photovoltaic IPO allotment status.

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Final Thoughts 

Emmvee Photovoltaic’s IPO is a Boobuilding IPO of ₹2,900 crore. The shares of Emmvee Photovoltaic IPO Limited will be listed on the BSE and NSE on its tentative listing date of 18th November 2025. Researching the Emmvee Photovoltaic IPO, including its GMP status and reviews, is highly recommended to secure the profitability you desire. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Stay informed with Univest to get regular updates on the Emmvee Photovoltaic IPO, GMP, subscription, and more!

FAQs on Emmvee Photovoltaic IPO

How is the Emmvee Photovoltaic IPO?

Ans. As of 11th November 2025, the Emmvee Photovoltaic IPO GMP (Grey Market Premium) stands at 20. It indicates that the estimated listing price could be ₹237 per share. It is a book-building IPO of 2,900 crore shares. The face value of each share of Emmvee Photovoltaic IPO Limited is ₹2.

What is Emmvee Photovoltaic’s IPO price?

Ans. The Emmvee Photovoltaic IPO price range is ₹206.00 to ₹217.00 per share. Retail investors can apply for a minimum of 1 lot, each consisting of 69 shares, worth ₹14,973. Moreover, HNIs are required to bid for a minimum of 14 lots (966 shares) worth ₹2,09,622.

Is the Emmvee Photovoltaic IPO a good investment?

Ans. Emmvee Photovoltaic Limited’s revenue increased by 147% from ₹954.44 crore in March 2024 to ₹2,360.33 crore in March 2025. Moreover, the company’s PAT increased by 177% from ₹28.90 crores to ₹369.01 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who will be the registrar of the Emmvee Photovoltaic IPO?

Ans. According to recent updates, Kfin Technologies Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the Emmvee Photovoltaic IPO GMP, allotment, and refund, you can contact Kfin Technologies Limited at  reachus@kfintech.com or 04067162222, 04079611000.

What is the issue size of the Emmvee Photovoltaic IPO?  

Ans. Emmvee Photovoltaic IPO is a book-building issue of 2,900 crore. Moreover, the IPO is set to open on 11th November 2025 and close on 13th November 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Emmvee Photovoltaic IPO, wait for the Emmvee Photovoltaic IPO RHP and Emmvee Photovoltaic IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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