On the last day, Emmvee Photovoltaic was subscribed 1.02 times overall, a retail quota was 1.10 times, QIB 1.26 times, and 0.30 times for NII.
Details About Emmvee Photovoltaic IPO
Emmvee Photovoltaic received approval from SEBI for an IPO of ₹2,900 crores, wherein a fresh issue of ₹2,143.86 crores and offer for sale up to 3,48,45,069 equity shares with a face value of ₹2 each. The IPO price band is around ₹206 to ₹217 per share.
In the Emmvee Photovoltaic IPO, the 1 lot size for the minimum Retail category got 69 shares. The max retail category, 897 shares in 13 lot sizes. S-HNI Minimum category, 966 shares in 14. S-HNI Maximum shares 4,554 in 66 lot sizes. B-HNI Minimum 4,623 shares in 67 lot sizes.
To invest in the Emmvee Photovoltaic IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,973.
- Retail investors’ (Max) investment of ₹1,94,649.
- Small HNI (S-HNI): Minimum investment of ₹2,09,622.
- Small HNI (S-HNI): Maximum investment of ₹9,88,218
- B-HNI Minimum: minimum investment of ₹10,03,191.
Emmvee Photovoltaic subscription duration
Emmvee Photovoltaic IPO started on November 11, 2025, and closed on November 13, 2025. The investor’s allotment date was November 14, 2025, and they received a refund on November 17, 2025. The Emmvee Photovoltaic IPO listing date is November 18, 2025.
About Emmvee Photovoltaic Company
Incorporated in 1998, Emmvee Photovoltaic is a prominent solar module manufacturer and the second largest integrated solar photovoltaic (“PV”) module and solar cell manufacturing company in India. Its product portfolio consists of bifacial and mono-facial TOPCon solar modules and cells, as well as bifacial and mono-facial Mono PERC modules.
The company has skilled and experienced promoters who are one of the main reasons for the company’s growth. In fact, they are one of the substantial solar PV module manufacturers in India, each in terms of production capacity as of March 31, 2025. Their solar PV modules have received various international quality accreditations that demonstrate their reliability and durability. Moreover, the company has four factories on 22.44 acres in two locations in Karnataka.
Emmvee Photovoltaic IPO Company Financial Report
In 2025, the company generated a revenue of ₹2,360.33 crores against ₹954.44 crores in 2024. In FY25, the company also reported a profit of ₹369.01 crores against a profit of ₹28.90 crores in 2024.
