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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Emmvee Photovoltaic Power Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹217
Per ShareLot Size
69 Shares
Minimum Investment
₹14,973
Issue Size
₹2,900 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
80.7%
Issue Type
Book Building
ISIN
INE1C6T01020
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.
India's solar PV module and cell manufacturing capacities have surged from 21 GW and approximately 3.2 GW, respectively in March 2022 to 82 GW and 23 GW, respectively by March 2025, driven by government policies to reduce reliance on imports, market dynamics and a growing commitment to renewable energy. By the end of Fiscal 2030, domestic module and cell manufacturing industries' nameplate capacities are expected to reach 175 GW to 185 GW and 85 GW to 95 GW, respectively. In this landscape, integrated manufacturing capabilities offer advantages such as improved efficiency, cost reduction, quality control, flexibility and supply chain security.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 133,640,552 equity shares of face value of Rs.2/- each ("equity shares") of Emmvee Photovoltaic Power Limited ("company") for cash at a price of Rs.217/- per equity share (including a share premium of Rs.215/- per equity share) ("offer price") aggregating to Rs.2900.00 crores comprising a fresh issue of 98,795,483 equity shares of face value of Rs.2/- each aggregating to Rs.2143.86 crores by the company ("fresh issue") and an offer for sale of 17,422,535 equity shares of face value of Rs.2/- each aggregating to Rs.378.07 crores by Manjunatha Donthi Venkatarathnaiah and 17,422,534 equity shares of face value of Rs.2/- each aggregating to Rs.378.07 crores by Shubha Manjunatha Donthi (the "promoter selling shareholders") and such equity shares offered by the promoter selling shareholders ("offer for sale" and together with the fresh issue, the "offer").
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated as "Emmvee Toughened Glass and Photovoltaics Private Limited" as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated March 21, 2007, issued by the RoC. Pursuant to a change in the name of our Company to "Emmvee Photovoltaic Power Private Limited", a fresh certificate of incorporation dated November 10, 2010, was issued by the RoC.The name change was undertaken to align with the current business growth and product portfolio of our Company and global renewable energy scenario. Subsequently, our Company was converted to a public limited company and the name of our Company changed to "Emmvee Photovoltaic Power Limited" pursuant to approval by our Board pursuant to resolution dated April 28, 2025 and Shareholders pursuant to an extra ordinary general meeting dated April 29, 2025 and a fresh certificate of incorporation dated May 7, 2025 was issued by the central processing centre, MCA, Haryana.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.