Emmvee Photovoltaic IPO
Listed
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 2.94 GW for solar cells as of June 30, 2025. It is an early adopter of high-efficiency TOPCon technology and is actively expanding its capacity to a planned 16.30 GW for modules and 8.94 GW for cells by Fiscal 2028. Emmvee is listed under the MNRE's Approved List of Models and Manufacturers (ALMM), allowing it to supply modules for government-mandated solar projects.
Issue Price
217
Current GMP
₹0 (0.00%)
Overall Subscription
0.18x
Issue Size
₹3000.00 Cr
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Live Subscription by Application
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 4,00,92,166 | 830 | 0.00x |
FII | - | 13 | - |
DFI | - | 170 | - |
MF | - | 11 | - |
Other | - | 636 | - |
| NII | 20,752 | 3,764 | 0.18x |
bNII | 13,835 | 405 | 0.03x |
Corporate | - | 13 | - |
Individual | - | 387 | - |
Other | - | 5 | - |
sNII | 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 |
Live Subscription by Shares
| Category | Shares Offered | Shares Applied | Subscription |
|---|---|---|---|
| QIB | 4.01 Cr | 5.32 Cr | 1.33x |
FII | - | 2.75 Cr | - |
DFI | - | 77.97 L | - |
MF | - | 1.63 Cr | - |
Other | - | 15.50 L | - |
| NII | 2.00 Cr | 63.22 L | 0.32x |
bNII | 1.34 Cr | 27.06 L | 0.20x |
Corporate | - | 2.21 L | - |
Individual | - | 24.61 L | - |
Other | - | 23.11K | - |
sNII | 66.82 L | 36.16 L | 0.54x |
Corporate | - | 29.60K | - |
Individual | - | 34.63 L | - |
Other | - | 1.24 L | - |
| Retail | 1.34 Cr | 1.55 Cr | 1.16x |
Cut-off price | - | 1.32 Cr | - |
Fixed price | - | 23.39 L | - |
| Total | 7.35 Cr | 7.50 Cr | 1.02x |
Subscription Summary
QIB
Shares Applied:1.33x
Applications Offered:0.00x
NII
Shares Applied:0.32x
Applications Offered:0.18x
Retail
Shares Applied:1.16x
Applications Offered:0.90x
Quick Stats
Total Categories3
IPO TypeMainboard
StatusListed
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Join NowData Last Updated
14 Nov 2025, 01:30 pm
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Understanding Subscription Categories
QIB
Qualified Institutional Buyers
Includes FII, DFI, Mutual Funds, and other qualified institutions.
NII
Non-Institutional Investors
High net-worth individuals: bNII (₹10L+) and sNII (₹2L-₹10L).
Retail
Retail Individual Investors
Retail investors with applications up to ₹2 lakh per PAN.
Frequently Asked Questions
What is the current subscription status of Emmvee Photovoltaic IPO?
The current overall subscription for Emmvee Photovoltaic IPO is 0.18x. This indicates the total demand relative to the shares offered. Higher subscription typically suggests strong investor interest.
How to check Emmvee Photovoltaic IPO subscription status?
You can check Emmvee Photovoltaic IPO subscription status on IPOwiz, BSE website, NSE website, or your broker's platform. Subscription data is updated regularly during the IPO period from 11 November 2025 to 13 November 2025.
What do subscription numbers mean?
Subscription numbers show how many times the IPO is oversubscribed. For example, 0.18x means the IPO received 0.18x times more applications than shares available. Higher subscription in retail category generally means lower allotment chances.
When does Emmvee Photovoltaic IPO subscription close?
The subscription for Emmvee Photovoltaic IPO closes on 13 November 2025. Applications must be submitted before the closing time on this date. Late applications will not be accepted.
What is the difference between QIB, NII, and Retail subscription?
QIB (Qualified Institutional Buyers) includes mutual funds, FIIs, and other institutions. NII (Non-Institutional Investors) includes high net-worth individuals investing above ₹2 lakh. Retail includes individual investors with applications up to ₹2 lakh. Each category has separate subscription quotas.
How does subscription affect allotment chances?
Higher subscription in your category means lower allotment chances. For example, if retail subscription is 0.18x, it means there are 0.18x times more applications than shares available, making allotment competitive.
When will Emmvee Photovoltaic IPO allotment be finalized?
The allotment for Emmvee Photovoltaic IPO will be finalized and announced on 14 November 2025. You can check your allotment status on the registrar's website, BSE, NSE, or your demat account after this date.
What happens after subscription closes?
After subscription closes on 13 November 2025, the company and registrar process all applications. Allotment is finalized by 14 November 2025, and shares are credited to successful applicants' demat accounts before the listing date on 18 November 2025.
Can I apply after subscription closes?
No, you cannot apply after the subscription closes on 13 November 2025. All IPO applications must be submitted during the subscription period from 11 November 2025 to 13 November 2025. Late applications are automatically rejected.
What is the issue size and lot size for Emmvee Photovoltaic IPO?
The issue size for Emmvee Photovoltaic IPO is ₹3000.00 Cr, and the lot size is 69 shares. The price range is ₹206.0 - ₹217.0. You must apply in multiples of the lot size.