
Emmvee Photovoltaic IPO Listing Preview: What to Expect Now?
Posted by : sachet | Fri Nov 14 2025

Click to check Emmvee Photovoltaic IPO GMP Live
The Emmvee Photovoltaic IPO is scheduled to list on 18th November 2025. The IPO was open for bidding from 11th November 2025 to 13th 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 the BSE and NSE on its tentative listing date, 18th November 2025. Scroll down to learn more about Emmvee Photovoltaic IPO listing expectations.
Emmvee Photovoltaic IPO Listing Preview
According to recent updates, the IPO listing of Emmvee Photovoltaic is expected to be around ₹217 per share on 18th November 2025. This conclusion is based on Emmvee Photovoltaic’s current grey market premium (GMP) for its IPO. However, the GMP and expected listing price are subject to change based on market sentiment. Stay informed with Univest to receive live updates on current IPO listings or GMP trends. Scroll to explore the GMP of the Emmvee Photovoltaic IPO.
Emmvee Photovoltaic IPO GMP Grey Market Premium
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. Do you want 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.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 14-11-2025 | ₹217.00 | ₹0.00 | ₹217.00 | 0.00% |
| 13-11-2025 | ₹217.00 | ₹3.00 | ₹220 | 1.38% |
| 12-11-2025 | ₹217.00 | ₹3.00 | ₹220 | 1.38% |
| 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% |
As of 14th November 2025, the Emmvee Photovoltaic IPO GMP stands at ₹0 per share. This means the share will likely list at ₹217 on its tentative Listing date, 18th November 2025. GMP data is subject to change based on market conditions. Please verify the live GMP status before applying for the Emmvee Photovoltaic IPO GMP. Stay informed with Univest for real-time updates on IPOs and their GMP trends.
About Emmvee Photovoltaic Limited
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 located across two sites in Karnataka, spanning a total of 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.
| Year Ended | 30th June 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 4,347.72 | 3,913.94 | 2,189.99 | 840.79 |
| Revenue | 1,042.22 | 2,360.33 | 954.44 | 644.37 |
| Profit After Tax | 187.68 | 369.01 | 28.90 | 8.97 |
| EBITDA | 347.38 | 721.94 | 120.44 | 56.27 |
| Net Worth | 718.79 | 531.41 | 162.77 | 133.97 |
| Reserve and Surplus | 608.83 | 529.37 | 160.73 | 131.93 |
| Total Borrowing | 2,032.11 | 1,949.69 | 1,441.30 | 519.62 |
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.
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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