Emmvee Photovoltaic IPO Subscription Status
Emmvee Photovoltaic IPO closed on 13 November 2025 with an overall subscription of 0.18x based on shares applied. QIB demand came in at 1.33x, NII at 0.32x, and retail at 1.16x.
Allotment will be finalised on 14 November 2025. The stock is scheduled to list on NSE and BSE on 18 November 2025.
Issue Price
Rs 217.00
GMP Today
-
Overall Subscription
0.18x
Issue Size
₹3000.00 Cr
Allotment Date
14 Nov 2025
Listing Date
18 Nov 2025
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?
A subscription of 0.18x by shares means the IPO received bids for 0 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.33x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.33x, it reflects serious institutional conviction.
NII at 0.18x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.03x and sNII at 0.49x by applications.
null Retail allotment is done by lottery when oversubscribed.
Emmvee Photovoltaic IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 0.90x.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.49x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.03x.
Check the Emmvee Photovoltaic IPO Allotment Status page from 14 November 2025 for your allotment result.
Emmvee Photovoltaic IPO Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Emmvee Photovoltaic IPO Subscription FAQs
What is Emmvee Photovoltaic IPO IPO subscription status today?
Emmvee Photovoltaic IPO IPO subscription closed on 13 November 2025 with overall subscription of 0.18x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 1.33x, NII 0.18x, Retail 0.90x.
What is the overall subscription of Emmvee Photovoltaic IPO IPO?
Emmvee Photovoltaic IPO 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 IPO QIB subscription?
Emmvee Photovoltaic IPO 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 IPO Retail subscription?
Emmvee Photovoltaic IPO IPO Retail subscription is 0.90x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Emmvee Photovoltaic IPO IPO NII subscription?
Emmvee Photovoltaic IPO IPO NII (Non-Institutional Investors) subscription is 0.18x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Emmvee Photovoltaic IPO IPO for retail?
Emmvee Photovoltaic IPO IPO retail share subscription is 1.16x. Application-wise data is needed for accurate lottery odds.
When is Emmvee Photovoltaic IPO IPO allotment date?
Emmvee Photovoltaic IPO 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 IPO subscription close?
Emmvee Photovoltaic IPO IPO subscription closed on 13 November 2025. No new applications are accepted after the close.
What is Emmvee Photovoltaic IPO IPO GMP today?
GMP for Emmvee Photovoltaic IPO IPO is not available yet. Track Emmvee Photovoltaic IPO GMP Today on IPOwiz once grey market activity starts.
What is Emmvee Photovoltaic IPO IPO issue price and lot size?
Emmvee Photovoltaic IPO 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 IPO listing date?
Emmvee Photovoltaic IPO IPO listing date is 18 November 2025 on NSE and BSE. Allotment is on 14 November 2025.
How does subscription affect Emmvee Photovoltaic IPO IPO allotment?
Allotment odds in Emmvee Photovoltaic IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.