Emmvee Photovoltaic IPO Subscription
ListedUpdated 18 November 2025, 9:15 AM IST· Mainboard
Emmvee Photovoltaic IPO subscription closed on 13 November 2025 at 0.18x overall by shares. QIB demand came in at 1.33x, NII at 0.32x, and retail at 1.16x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 14 November 2025. Listing date on NSE and BSE is 18 November 2025.
Emmvee Photovoltaic IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 11 Nov 2025 | 0.02x | 0.06x | 0.34x | 0.09x |
| Day 2 - 12 Nov 2025 | 0.06x | 0.12x | 0.65x | 0.18x |
| Day 3 - 13 Nov 2025 | 1.33x | 0.32x | 1.16x | 1.02x |
Emmvee Photovoltaic IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Emmvee Photovoltaic IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 0.90x | Very high |
| SHNI (Rs 2L to Rs 10L) | 0.49x | Very high |
| BHNI (above Rs 10L) | 0.03x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Emmvee Photovoltaic IPO Allotment Status page from 14 November 2025 for your result.
Emmvee Photovoltaic IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 217.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 870.00 Cr | Rs 1,154.37 Cr | 1.33x |
| FII | - | Rs 597.55 Cr | - |
| DFI | - | Rs 169.19 Cr | - |
| Mutual Funds | - | Rs 353.99 Cr | - |
| Other | - | Rs 33.64 Cr | - |
| NII | Rs 435.00 Cr | Rs 137.19 Cr | 0.32x |
| bNII (above Rs 10L) | Rs 290.00 Cr | Rs 58.71 Cr | 0.20x |
| Corporate | - | Rs 4.80 Cr | - |
| Individual | - | Rs 53.41 Cr | - |
| Other | - | Rs 50.16 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 145.00 Cr | Rs 78.48 Cr | 0.54x |
| Corporate | - | Rs 64.23 L | - |
| Individual | - | Rs 75.15 Cr | - |
| Other | - | Rs 2.69 Cr | - |
| Retail | Rs 290.00 Cr | Rs 336.90 Cr | 1.16x |
| Cut-off price | - | Rs 286.15 Cr | - |
| Fixed price | - | Rs 50.76 Cr | - |
| Total | Rs 1,595.00 Cr | Rs 1,628.47 Cr | 1.02x |
Emmvee Photovoltaic IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 4,00,92,166 | 830 | 0.00x |
| FII | - | 13 | - |
| DFI | - | 170 | - |
| Mutual Funds | - | 11 | - |
| Other | - | 636 | - |
| NII | 20,752 | 3,764 | 0.18x |
| bNII (above Rs 10L) | 13,835 | 405 | 0.03x |
| Corporate | - | 13 | - |
| Individual | - | 387 | - |
| Other | - | 5 | - |
| sNII (Rs 2L to Rs 10L) | 6,917 | 3,359 | 0.49x |
| Corporate | - | 25 | - |
| Individual | - | 3,210 | - |
| Other | - | 124 | - |
| Retail | 1,93,682 | 1,74,652 | 0.90x |
| Cut-off price | - | 1,48,760 | - |
| Fixed price | - | 25,892 | - |
| Total | 4,03,06,600 | 1,79,246 | 0.00x |
What Do These Subscription Numbers Mean?
0.18x overall by shares means bids covered about 0 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 1.33x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.18x by applications). Split: SHNI 0.49x, BHNI 0.03x by applications. SHNI and BHNI allotment is by lottery.
null Retail allotment is also by lottery.
Emmvee Photovoltaic IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 11 November 2025 |
| IPO Close Date | 13 November 2025 |
| Allotment Date | 14 November 2025 |
| Refund Initiation | 15 November 2025 |
| Share Credit to Demat | 15 November 2025 |
| Listing Date | 18 November 2025 |
| Minimum Investment | Rs 14,973.00 |
| Lot Size | 69 shares |
About Emmvee Photovoltaic IPO
Emmvee Photovoltaic Power is one of India’s largest solar module manufacturers and the second-largest pure-play integrated solar PV module and cell producer in the country (CRISIL Report). The company has a significant operational capacity of 7. 80 GW for solar modules and 2.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Emmvee Photovoltaic IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Emmvee Photovoltaic IPO Details
Issue size, price, financials, and company info
Emmvee Photovoltaic IPO GMP
Live grey market premium and listing estimate
Emmvee Photovoltaic IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Emmvee Photovoltaic IPO Allotment
Allotment date, chances, and check by PAN
Emmvee Photovoltaic IPO Review
SWOT, strengths, risks, and IPO review
Emmvee Photovoltaic IPO FAQ
Common questions on dates, GMP, and allotment
Emmvee Photovoltaic IPO Registrar
Registrar website and how to check allotment
Emmvee Photovoltaic IPO Timeline
Open, close, allotment, and listing dates
Emmvee Photovoltaic IPO News
Updates, blogs, and latest IPO news
Emmvee Photovoltaic IPO Subscription FAQs
What is Emmvee Photovoltaic IPO subscription status today?
Emmvee Photovoltaic IPO subscription closed on 13 November 2025 with overall subscription of 0.18x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 1.33x, NII 0.18x, Retail 0.90x.
What is the overall subscription of Emmvee Photovoltaic IPO?
Emmvee Photovoltaic IPO is subscribed 0.18x overall by shares at close on 13 November 2025. QIB 1.33x, NII 0.18x, and Retail 0.90x.
What is Emmvee Photovoltaic IPO QIB subscription?
Emmvee Photovoltaic IPO QIB (Qualified Institutional Buyers) subscription is 1.33x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Emmvee Photovoltaic IPO Retail subscription?
Emmvee Photovoltaic IPO Retail subscription is 0.90x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Emmvee Photovoltaic IPO NII, SHNI, and BHNI subscription?
Emmvee Photovoltaic IPO NII subscription is 0.18x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.49x and BHNI (above Rs 10L) at 0.03x.
What are Emmvee Photovoltaic IPO retail allotment chances?
Emmvee Photovoltaic IPO retail share subscription is 1.16x. Application data is needed for exact lottery chances.
What are Emmvee Photovoltaic IPO SHNI allotment chances?
Emmvee Photovoltaic IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Emmvee Photovoltaic IPO BHNI allotment chances?
Emmvee Photovoltaic IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is Emmvee Photovoltaic IPO allotment date?
Emmvee Photovoltaic IPO allotment date is 14 November 2025. Check Emmvee Photovoltaic IPO Allotment Status on IPOwiz from that day using your PAN.
When does Emmvee Photovoltaic IPO subscription close?
Emmvee Photovoltaic IPO subscription closed on 13 November 2025. No new applications are accepted after the close.
What is Emmvee Photovoltaic IPO GMP today?
GMP for Emmvee Photovoltaic IPO is not available yet. Track Emmvee Photovoltaic IPO GMP Today on IPOwiz once grey market activity starts.
What is Emmvee Photovoltaic IPO issue price and lot size?
Emmvee Photovoltaic IPO issue price is ₹217 per share. Lot size is 69 shares. Minimum investment is ₹14,973 per lot. Issue size: ₹3000.00 Cr.
When is Emmvee Photovoltaic IPO listing date?
Emmvee Photovoltaic IPO listing date is 18 November 2025 on NSE and BSE. Allotment is on 14 November 2025.
How does subscription affect Emmvee Photovoltaic IPO allotment?
In Emmvee Photovoltaic IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 0.18x overall, competition is moderate.
For allotment results from 14 November 2025, visit the Emmvee Photovoltaic IPO Allotment Status page. For listing day updates on 18 November 2025, download the IPOwiz App.
Sources
We match Emmvee Photovoltaic IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.