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Emmvee Photovoltaic Power

IPO GMP Today

₹0.00

Last updated: 2 Jan 2026 12:03 am

Emmvee Photovoltaic Power IPO Subscription Details
LIVE
Last Updated: 2 Jan 2026 12:03 am
QIB1.33x
NII0.32x
Retail1.16x
bNII0.20x
sNII0.54x
Total1.02x

Overall Subscription Details: 1.02 times

Open

Nov 11, 2025

Close

Nov 13, 2025

BOA

TBA

Refunds

TBA

Listing

TBA

Emmvee Photovoltaic Power Issue Details

Pricing & Lot

Price Band

₹206-217

Face Value

₹2 Per Equity Share

Lot Size

TBA

Managers & Listing

Listing At

BSE, NSE

Lead Managers

JM Financial Ltd IIFL Capital Services Ltd Jefferies India Pvt.Ltd Kotak Mahindra Capital Co.Ltd.

Registrar

Kfin Technologies Ltd

Issue Size

13,36,40,552 shares(aggregating up to ₹2900 crore)

Emmvee Photovoltaic Power IPO Reservation
Emmvee Photovoltaic Power IPO offers total 133640552 shares. Out of which 40092166 (30%) allocated to QIB, 20046083 (15%) allocated to NII,13364055 (10%) allocated to RII, NA (NA%) allocated to employees and 60138249 (45%) allocated to Anchor investors.
Investor CategoryShares OfferedPercentage
Anchor Investor Shares Offered60138249 (45%)45.00%
QIB Shares Offered40092166 (30%)30.00%
NII (HNI) Shares Offered20046083 (15%)15.00%
bNII > ₹10L13364055 (10%)10.00%
sNII < ₹10L6682028 (5%)5.00%
Retail Shares Offered13364055 (10%)10.00%
Total Shares Offered133640552 (100%)100.00%
GMP & Listing Expectation

GMP (per share)

0.00

Est. Listing Price

217.00

Total Listing Gain (per lot)

0.00

Grey Market Premium (GMP) is an unofficial market indicator. It reflects the premium investors are willing to pay over the issue price before listing. This is not a guaranteed return and can change rapidly.

Valuations
EPS (Pre IPO)₹6.22/-
EPS (Post IPO)₹10.84/-
Price to Book Value24.25
Market Cap15023.89 Cr.
Emmvee Photovoltaic Power IPO – FAQs

The Emmvee Photovoltaic Power is a 13,36,40,552 shares(aggregating up to ₹2900 crore) initial public offering. Incorporated on March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturing co... You can learn more about what an IPO is in our beginner-friendly guide.

About Emmvee Photovoltaic Power

Incorporated on March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturing company. The company has, as of May 31, 2025, a solar PV module capacity of 7.80 GW and a solar cell capacity of 2.94 GW. The product range of the company consists of bifacial and mono-facial TOPCon modules and cells, and Mono PERC modules. The company operates four production facilities in two locations in Karnataka spanning 22.44 acres.As of May 31, 2025, the Solar cell manufacturing unit of the company at Dobbaspet, Bengaluru, Karnataka is India's largest TOPCon solar cell facility by capacity. The customers of the company are independent power producers (IPPs), organizations in the commercial and industrial (C&I) sector, and engineering, procurement, and construction (EPC) service providers in public and private sectors. The key customers are Ayana Renewable Power, Clean Max Enviro Energy, Hero Rooftop Energy, Prozeal Green Energy, KPI Green Energy, Aditya Birla Renewables, Blupine Energy, Lineage Power, BN Peak Power-I, KMV Projects, Powertrack Packaging, SILRES Energy, Kintch Synergy, Zodiac Energy, E Ramamurthy Minerals and Metals, InSolare Energy, Universal Transformers, and Mars Energy Group. During 2023- 2023, we had served 525 customers. As of March 31, 2025, the company employed 611 full-time people.

Emmvee Photovoltaic Power Financials
(₹ in crore)
Company Details

Name

Emmvee Photovoltaic Power

Registrar Contact Details

GainIPO data last updated: 01 Jan 2026, 06:33 PM IST

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Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.