How to Check Emmvee Photovoltaic Power IPO Allotment Status

Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer with a total solar PV module capacity of 7.80 GW and a solar cell capacity of 2.94 GW as of May 31, 2025. The company’s manufacturing facilities are located in Karnataka, producing bifacial and mono-facial TOPCon modules and cells, and Mono PERC modules. Its customers include Ayana Renewable Power, Aditya Birla Renewables, KPI Green Energy, Clean Max Enviro Energy, and Hero Rooftop Energy, among others.

As of March 31, 2025, Emmvee Photovoltaic reported total assets of ₹3,913.94 crore and a net profit of ₹369.01 crore. The company recorded a revenue growth of 147% and profit growth of 1177% between FY24 and FY25.

The Emmvee Photovoltaic IPO had a total issue size of ₹2,900.00 crore, comprising a fresh issue of ₹2,143.86 crore and an offer for sale of ₹756.14 crore. The IPO opened on November 11, 2025, and closed on November 13, 2025. The allotment is expected to be finalized on Friday, November 14, 2025. The price band was set at ₹206 to ₹217 per share.

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Steps to Check Emmvee Photovoltaic IPO Allotment Status on Registrar Site

• Visit the KFin Technologies Ltd.
• Select "Emmvee Photovoltaic" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number
• Complete the captcha verification and click on the Submit button

Steps to Check Emmvee Photovoltaic IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type (equity/debt)
• Choose "Emmvee Photovoltaic" from the list of active IPOs
• Enter your Application Number and PAN ID
• Verify the captcha and click Search

Emmvee Photovoltaic IPO Subscription Status

Emmvee Photovoltaic IPO received moderate investor participation, being subscribed 1.02 times overall as of 5:59:35 PM on November 13, 2025.

• QIB Category (Ex Anchor): 1.33 times
• Non-Institutional Investors (NII): 0.32 times
• Individual Investors: 1.16 times

Emmvee Photovoltaic IPO Share Price and Investment Details

The minimum investment required was ₹14,973 for 1 lot (69 shares). The issue raised ₹1,305 crore from anchor investors. With the IPO subscribed 1.02 times, listing expectations remain moderate based on category-wise participation.

Utilisation of IPO Proceeds

• Repayment or prepayment of certain outstanding borrowings and accrued interest – ₹1,621.29 crore
• General corporate purposes

Business Overview

Emmvee Photovoltaic Power Limited is one of India’s leading integrated solar PV module and cell manufacturers. The company focuses on high-efficiency technologies such as TOPCon, which has strengthened its position in the renewable energy sector. It serves a diverse customer base across public and private sectors and plays an important role in India’s solar energy growth. However, the sector is competitive, driven by fast-evolving technologies and pricing pressures. The post-issue P/E ratio stands at 20.01, and the Price-to-Book Value is 24.25.