Open Date
11 Nov 2025
Close Date
13 Nov 2025
Listing Date
18 Nov 2025
Max Investment
₹1,94,649
Price Range
₹206 - ₹217
Lot Size
-
IPO Size
₹2900Cr
Exchange Symbols
Emmvee Photovoltaic Power Ltd IPO
₹14,973
/ 69
Cutoff - Lot Size
Emmvee Photovoltaic Power Ltd IPO
Capital Goods - Electrical Equipment
Mainboard|
₹14,973
/ 69
Cutoff - Lot Size
Emmvee Photovol IPO Dates and Timelines
Emmvee Photovol IPO Size
Emmvee Photovol IPO Reservation
Investor Category
Shares Offered
Allocation Percentage %
Anchor Investor Shares Offered
6,01,38,249
-
QIB Shares Offered
10,02,30,415
75.0%
NII (HNI) Shares Offered
2,00,46,083
15.0%
Retails Shares Offered
1,33,64,055
10.0%
Total Shares Offered
13,36,40,553
-
Total Shares with Anchor Investor
16,03,68,664
100%
Emmvee Photovol IPO Lot Size
Applications
Lot
Shares
Amount
Retail (Min)
1
69
₹14,973
Retail (Max)
13
897
₹1,94,649
S-HNI (Min)
14
966
₹2,09,622
S-HNI (Max)
66
4554
₹9,88,218
B-HNI (Min)
67
4623
₹10,03,191
Emmvee Photovol IPO Shareholding Pattern
Category
Pre-Issue
Post-issue
Promoter Group
100.00%
80.70%
Public Group
0.00%
19.30%
Emmvee Photovol IPO Financials
Total Assets Total Liabilities
Total Revenue Total Expenditure
EBITDA Profit
Share Capital
Emmvee Photovol IPO Peers
Peer Name
P/E(x)
RoNW%
Websol Energy Systems Limited
36.45
55.65
Waaree Energies Limited
50.47
20.34
Premier Energies Limited
51.30
33.21
Vikram Solar Limited
70.97
11.26
Saatvik Green Energy Limited
27.49
63.41
Websol Energy Systems Limited
33.83
55.65
Emmvee Photovol IPO Strengths & Risks
Strength
Risks
Second 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 driving efficient and sustainable operations.
Its business is dependent on certain key customers, with the companies top 10 customers contributing 93.96%, 89.52%, 84.98%, 85.82% and 80.53% of its revenue from operations in the three months ended June 30, 2025 and 2024 and in Fiscals 2025, 2024 and 2023, respectively. The loss of any of these customers could have a material adverse effect on the company business, financial condition, results of operations and cash flows.IPO Registrars
KFin Techologies Ltd
Phone Number:
91-40-67162222
Email ID:
einward.ris@kfintech.com
Website:
www.kfintech.com
Emmvee Photovol Limited
We are primarily a solar module manufacturer and are the second largest pure-play integrated solar PV module and solar cell manufacturing company and one of the largest solar PV module manufacturers in India, each in terms of production capacity as of March 31, 2025. As of June 30, 2025, we have a solar PV module production capacity of 7.80 GW and a solar cell production capacity of 2.94 GW. Our product portfolio comprises bifacial and mono-facial formats of TOPCon modules and cells, and Mono PERC modules. We are an ALMM-enlisted module manufacturer and operate four manufacturing units across two locations in Karnataka.
Contact Details
IPO Company Name:
Emmvee Photovol Limited
Phone Number:
+91 80 2217 4524
Email ID:
investorrelations@emmvee.in
Website:
www.emmveepv.com
Address:
Bangalore, Karnataka
Emmvee Photovol IPO Overview
Emmvee Photovol: IPO Dates
The Emmvee Photovol IPO opens for subscription on 11 Nov 2025, and closes on 13 Nov 2025. Investors will likely receive their allotment status updates on 14 Nov 2025. Those who get allotted shares can expect them credited to their Demat accounts by 17 Nov 2025. The shares will be officially listed on the stock exchange on 18 Nov 2025.
Emmvee Photovol: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹206.0 and ₹217.0 per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹2143.86 crore and an offer for sale valued at ₹ 756.14 crore. The exact listing price will be revealed on 18 Nov 2025, which is when the shares start trading on the exchange.
Emmvee Photovol: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately ₹2900Cr crore.
How to Apply for Emmvee Photovol IPO Online?
- 1. Log in to Torus Digital: Open the Torus Digital app and enter your login details.
- 2. Find the IPO Section: Navigate to the ‘IPO’ tab in the app.
- 3. Select Emmvee Photovol IPO: Choose it from the list of available IPOs.
- 4. Enter Lot Quantity: Input how many lots you want to apply for.
- 5. Provide UPI ID: Submit your UPI ID for payment.
- 6. Approve Payment: When the payment request comes to your UPI app, approve it by entering your UPI PIN.
How to Check IPO Allotment Status for Emmvee Photovol?
- 1. Open the Torus Digital app and log in.
- 2. Go to the ‘IPO’ section and select ‘IPO Orders’.
- 3. Choose the Emmvee Photovol IPO application.
- 4. View your allotment status.
You will also get notified of your allotment via push notifications and email from Torus Digital.
FAQ’s
What is the open date of IPO?
- The opening date of IPO is 11 Nov 2025.
What is the close date of IPO?
- The closing date of IPO is 13 Nov 2025.
What is the issue size of IPO?
- The issue size of IPO is Rs 2900 Cr.
What is the lot size of IPO?
- The size per lot of IPO is 69.0.
How to apply for IPO?
- To apply for IPO:
- Navigate to the IPO section of mobile app/website
- Click on Current IPO
- Click on IPO
- Enter Lot Quantity
- Enter Valid UPI ID
- Click on apply
- Your application will be processed once the transaction is completed successfully.
What is the allotment date of IPO?
- The Allotment Date of IPO is 14 Nov 2025.
What is the listing date of IPO?
- IPO will get listed on 18 Nov 2025.
Who is the registrar of IPO?
- The registrar of IPO is KFin Techologies Ltd .
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