Emmvee Photovoltaic IPO Subscription Day 1: Check Online

Check Expert’s Verdicts on Emmvee Photovoltaic IPO. 

Here is the Emmvee Photovoltaic IPO launched on 11th November 2025. Bidding for the issue will close on 13th November 2025. The primary aim of the Emmvee Photovoltaic IPO is to raise ₹2,900 crores from the market. Additionally, the Emmvee Photovoltaic IPO has received an impressive level of subscription, indicating that the shares will likely be listed at a premium. Scroll down to check the Emmvee Photovoltaic IPO subscription and details. 

Emmvee Photovoltaic IPO Details 

The price band for the Emmvee Photovoltaic IPO has been prescribed at ₹206 to ₹217 per share, with a total of 34,23,600 shares issued. Let’s segregate the share quota fixed for different categories of investors. 

Emmvee Photovoltaic IPO Subscription Status

As of now, the Emmvee Photovoltaic IPO has been subscribed to 0.09 times. Of these, 0.34 times are subscribed by retail investors, 0.06 times by non-institutional investors, and 0.02 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of the Emmvee Photovoltaic IPO, scheduled for listing on 18th November 2025. Emmvee Photovoltaic’s IPO also has a positive outlook, with the fresh issue of 9.88 shares to raise around Rs 2,900 crores.

Emmvee Photovoltaic IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Emmvee Photovoltaic IPO GMP for 11th November 2025. 

The grey market premium for this IPO is 2.30% or Rs 5 per share. It indicates that the estimated listing price per share is Rs 222. Numerous factors played a pivotal role in the jump in Emmvee Photovoltaic’s IPO GMP. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs. 

About Emmvee Photovoltaic Ltd.

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. Look at the table to learn about Emmvee Photovoltaic Limited’s financials. 

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.

Technical Indicators

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.

Emmvee Photovoltaic IPO Listing Expectations

Emmvee Photovoltaic IPO Highlights: IPO allotment is still pending, as the bid closes today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A 2.30% jump in the GMP of Emmvee Photovoltaic’s IPO suggests that the estimated listing price per share will be around Rs 5.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

Emmvee Photovoltaic IPO Dates

Note: IPO GMP is volatile, driven by market sentiment. Hence, one should conduct their research before investing in it.

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Emmvee Photovoltaic IPO IPO GMP: Day 2 IPO Live Updates