Emmvee Photovoltaic IPO Listing at 0% premium at ₹217 Per Share

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Emmvee Photovoltaic IPO Listing:

On the NSE platform, shares are listed at ₹217 per share, reflecting a premium of 0% against the issue price of 217 per share. 

Emmvee Photovoltaic IPO Subscription Status

The Emmvee Photovoltaic IPO was subscribed [.] times at the close of the bidding. In this subscription, qualified institutional buyers (QIBs) received 1.26 times the allocation, and non-institutional investors (NIIs) received 0.30 times the allocation. The retail quota of the issue was subscribed to 10.00%. 

Emmvee Photovoltaic IPO: Check Key Details

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 November 18, 2025. 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.

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 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 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

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

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