Emmvee Photovoltaic Power IPO Day 1: Here's 5 key things you should know before applying

Emmvee Photovoltaic Power IPO: The initial public offering (IPO) of Emmvee Photovoltaic Power Limited opens for public subscription today, November 11, and will remain open till November 13, 2025. The issue comprises a fresh issue and an offer for sale (OFS) of shares worth Rs 2,900 crore.

The basis of allotment of the IPO shares is expected to be finalised on November 14, 2025, and the stock is likely to list on both the stock exchanges (BSE and NSE) on November 18, 2025, tentatively.

Emmvee Photovoltaic Power IPO details

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The Emmvee Photovoltaic Power IPO is a book-build issue of Rs 2,900 crore, comprising a fresh issue of 9.88 crore shares (Rs 2,143.86 crore) and an offer-for-sale (OFS) of 3.48 crore shares (Rs 756.14 crore).

Through OFs, the company's promoters, Manjunatha Donthi Venkatarathnaiah, Shubha Manjunatha Donthi, Suhas Donthi Manjunatha and Sumanth Manjunatha Donthi, are offloading their stakes.

JM Financial Ltd is the book-running lead manager of the issue, while Kfin Technologies Ltd is the registrar of the issue.

The IPO has allocated 75 per cent, 15 per cent and 10 per cent of the net offer for the QIB, NII and retail investor categories, respectively.

Emmvee Photovoltaic Power IPO price band: Rs 206 to Rs 217 per equity share

Emmvee Photovoltaic Power IPO subscription date: From November 11 to November 13, 2025

Emmvee Photovoltaic Power IPO lot size: 69 shares (minimum investment of Rs 14,973)

Emmvee Photovoltaic Power IPO allotment date: November 14, 2025 (tentatively)

Emmvee Photovoltaic Power IPO listing date: November 18, 2025 (tentatively)

Emmvee Photovoltaic Power Limited company profile

Emmvee Photovoltaic Power Limited, which was incorporated in March 2007, has an integrated manufacturing setup consisting of solar cells and modules.

The firm’s solar PV module production capacity is 7.80 GW, and the solar cell is 2.94 GW as of May 31, 2025.

The range of products of the company consists of bifacial and mono-facial TOPCon modules & cells, and Mono PERC modules.

The solar cell manufacturing plant of the company in Dobbaspet, Bengaluru, Karnataka, as of May 31, 2025, is one of the largest in India in terms of capacity for the production of TOPCon solar cells.

Financially, the company reported a revenue increase of 147 per cent and profit after tax (PAT) rose by 1177 per cent in the financial year ending March 31, 2025.