Emmvee Photovoltaic IPO GMP: Day 1 IPO Live Updates

Posted by : sachet | Tue Nov 11 2025

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The Emmvee Photovoltaic IPO GMP is ₹5 as of 11th November 2025. It is a book-building IPO of ₹2,900 crore, comprising a fresh issue of 9.88 shares, and an offer for sale of 3.48 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 18th November 2025. The face value of Emmvee Photovoltaic shares is ₹10 per share, and the IPO price band is set at ₹206 to ₹217 per share. Retail investors can bid for a minimum of 2 lots of 69 shares, worth ₹14,973.

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Emmvee Photovoltaic IPO Grey Market Premium

As of 11th November 2025, the GMP for the Emmvee Photovoltaic IPO stands at ₹8 per share. Thus, the estimated listing price would be ₹136. This indicates that the estimated listing gain in this IPO could be 6.25%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for GMP updates on the Emmvee Photovoltaic IPO.

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Listing Gains
11-11-2025	₹217.00	₹5.00	₹222	2.30%
10-11-2025	₹217.00	₹20.00	₹237	9.22%
9-11-2025	₹217.00	₹20.00	₹237	9.22%
8-11-2025	₹217.00	₹20.00	₹237	9.22%
7-11-2025	₹217.00	₹20.00	₹237	9.22%
6-11-2025	₹217.00	₹20.00	₹237	9.22%
5-11-2025	₹217.00	₹20.00	₹237	9.22%

Emmvee Photovoltaic IPO Details

IPO Open Date	11th November 2025
IPO Close Date	13th November 2025
IPO Allotment Date	14th November 2025
Refund Initiation	17th November 2025
Face Value	₹2 per share
Price Band	₹206 to ₹217 per share
Lot Size	69 Shares
Issue Size	13,36,40,552 shares(aggregating up to ₹2,900.00 Cr)
Fresh Issue	9,87,95,483 shares(aggregating up to ₹2,143.86 Cr)
Offer for sale	3,48,45,069 shares of ₹2(aggregating up to ₹756.14 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE and NSE
Listing Date	18th November 2025

Explanation

Emmvee Photovoltaic IPO: Emmvee Photovoltaic Limited has announced the issue price of ₹206 to ₹217 per share. With this IPO, the company allows retail investors to bid for one lot of 69 shares worth ₹14,973. The face value of Emmvee Photovoltaic Limited shares is ₹2 per share. The shares of Emmvee Photovoltaic Limited will be listed on BSE and NSE on its tentative listing day, 18th November 2025. Scroll down to view GMP updates and reviews of the Emmvee Photovoltaic IPO.

Objectives of the Emmvee Photovoltaic IPO

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

Repayment/ prepayment, in full or part, of all or certain outstanding borrowings and accrued interest thereon availed by the Company and the Material Subsidiary
General corporate purposes

Emmvee Photovoltaic IPO Registrar

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.

Emmvee Photovoltaic IPO Review

The Emmvee Photovoltaic IPO has gained neutral ratings from industry experts, brokers, and institutional investors. 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.

Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Emmvee Photovoltaic IPO or not.

Technical Analysis

Several 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.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	34.9
EPS (Earnings Per Share)	6.22
RoNW	69.44%
ROCE	23.33%
ROE	104.60%
EBITDA Margin	30.91%
Price to Book Value	24.25
Market Capitalisation	₹5023.89

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 Mittal Solutions Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	34.9	20.01
EPS	6.22	10.84

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FAQs on Emmvee Photovoltaic IPO

What is the GMP of the Emmvee Photovoltaic IPO?

Ans. As of 11th November 2025, the Emmvee Photovoltaic (Grey Market Premium) stands at ₹5. This suggests that the estimated listing price could be 2.30% of the share price.

What is the issue price of the Emmvee Photovoltaic IPO?

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.

Who is the registrar of the Emmvee Photovoltaic IPO?

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Emmvee Photovoltaic IPO, download 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.