IPO - Initial Public Offerings

 EMMVEE

  

EMMVEE PHOTOVOLTAIC POWER LTD. IPO

11 Nov, 10:00 AM

Issue Open

13 Nov, 05:00 PM

Issue Close

69

Lot Size

₹ 206.00 – ₹ 217.00

Price Range

IPO Issue Details

Issue size 2900.00 Cr
Market Price 217.00
Registrar Kfin Technologies Ltd.
Face Value RS.2 /- Per share
Listing at NSE BSE

About

EMMVEE PHOTOVOLTAIC POWER LTD. IPO
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.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 1 69 ₹ 14,973.00
Retail (Max) 13 897 ₹ 1,94,649.00
S-HNI (Min) 14 966 ₹ 2,09,622.00
S-HNI (Max) 66 4554 ₹ 9,88,218.00
B-HNI (Min) 67 4623 ₹ 10,03,191.00

IPO TimeLine

Open Date 11-Nov-2025
Close Date 13-Nov-2025
Basis of Allotment Date 14-Nov-2025
Initiation of Refunds 17-Nov-2025
Credit Shares to Demat A/c 17-Nov-2025
IPO Listing Date 18-Nov-2025