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Emmvee Photovoltaic Power Limited IPO logo

Emmvee Photovoltaic Power Limited IPO

BBMainboardBSE,NSEListed
Listed at
217
+0.00%

Emmvee Photovoltaic Power Limited IPO is a Mainboard book building IPO. Issue size is 2,900.00 Cr. Price band is ₹206 to ₹217 per share. Minimum investment is ₹14,973. Lot size is 69 shares. Open from 11 Nov 2025 to 13 Nov 2025. Allotment on 14 Nov 2025. Listing on 18 Nov 2025 at BSE,NSE. Managed by JM Financial Ltd., IIFL Capital Services Ltd., Jefferies India Pvt.Ltd., and Kotak Mahindra Capital Co.Ltd. Registrar: Kfin Technologies Limited. Key details for GMP, subscription, price, allotment, and listing in one place.

Official documents: RHP and DRHP.

Emmvee Photovoltaic Power Limited IPO overview

Emmvee Photovoltaic Power Limited IPO Key figures

Price band, lot, minimum application, and issue window at a glance.

Price band
₹206 to ₹217
Lot size
69 shares / lot
Min investment
₹14,973
Issue open – close
11 Nov 2025 → 13 Nov 2025

Emmvee Photovoltaic Power Limited IPO important dates

Issue Opens
11 Nov 2025
Issue Closes
13 Nov 2025
Allotment
14 Nov 2025
Listing
18 Nov 2025

Emmvee Photovoltaic Power Limited IPO lot size

CategoryLotsSharesAmount
Retail (Min)16914,973
Retail (Max)138971,94,649
S-HNI (Min)149662,09,622
S-HNI (UPI)332,2774,94,109
S-HNI (Max)664,5549,88,218
B-HNI (Min)674,62310,03,191

About Emmvee Photovoltaic Power Limited IPO

From the company / RHP narrative.

Incorporated in March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer.

As of May 31, 2025, 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 mono-facial TOPCon modules and cells, and Mono PERC modules.

The company has four manufacturing units across two Karnataka locations on 22.44 acres.

As of May 31, 2025, the company's Solar cell manufacturing unit at Dobbaspet, Bengaluru, Karnataka, is one of India's largest TOPCon solar cell facilities by capacity.

The company's customers include independent power producers (“IPPs”), entities in the commercial and industrial (“C&I”) sector, and engineering, procurement, and construction (“EPC”) service providers in both public and private sectors. Key customers include 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. In 2023- 2023, we served 525 customers.

As of March 31, 2025, the company had 611 full-time employees.

Competitive Strength:


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 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.

Objective of the issue

How the issuer plans to use IPO proceeds.

Repayment/ prepayment, in full or part, of all or certain outstanding borrowings and accrued interest thereon availed by the Company and the Material Subsidiary

General corporate purposes
Emmvee Photovoltaic Power Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.

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Documents & links

Prospectus, draft filings, and company site open in a new tab.

Registrar

Details about the registrar of the issue.

Registrar Name
Kfin Technologies Limited
Phone
4067162222
Address
KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.

Issue details

Key details about the issue, including the face value, lot size, and minimum investment.

Issue Type
BB
Face Value
2
Lead Managers
JM Financial Ltd.,IIFL Capital Services Ltd.,Jefferies India Pvt.Ltd.,Kotak Mahindra Capital Co.Ltd.
Min Quantity
69
Company Promoters
The promoters of the company are Manjunatha Donthi Venkatarathnaiah,Shubha Manjunatha Donthi,Suhas Donthi Manjunatha,Sumanth Manjunatha Donthi.
Phone
+91 80 2217 4524
Address
Emmvee Photovoltaic Power Ltd. 13/1, International Airport Road Bettahalasur Post Bengaluru, Karnataka, 562157

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