
Emmvee Photovoltaic Power Limited IPO
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.
Emmvee Photovoltaic Power Limited IPO overview
Emmvee Photovoltaic Power Limited IPO Key figures
Price band, lot, minimum application, and issue window at a glance.
Emmvee Photovoltaic Power Limited IPO important dates
Emmvee Photovoltaic Power Limited IPO lot size
| Category | Lots | 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 (UPI) | 33 | 2,277 | ₹4,94,109 |
| S-HNI (Max) | 66 | 4,554 | ₹9,88,218 |
| B-HNI (Min) | 67 | 4,623 | ₹10,03,191 |
About Emmvee Photovoltaic Power Limited IPO
From the company / RHP narrative.
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
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