Emmvee Photovoltaic IPO Achieves Full Subscription, Subscribed 1.02x on Day 3

Emmvee Photovoltaic Power Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹206-217 per share. The ₹2,900.00 crore IPO reached 1.02 times by 5:24:35 PM on day three. 
Emmvee Photovoltaic IPO qualified institutional buyers segment leads with moderate 1.33 times subscription. Retail investors demonstrate moderate participation at 1.16 times. Non-institutional investors show weak interest at 0.32 times. 
 

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Emmvee Photovoltaic IPO subscription reached moderate 1.02 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (1.33x), Retail Investors (1.16x), and Non-Institutional Investors (0.32x).

Subscription Status of Emmvee Photovoltaic IPO:

Here are the subscription details for Emmvee Photovoltaic IPO as of Day 3 (November 13, 2025, 5:24:35 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.02 times, showing substantial improvement from day two's 0.18 times, achieving full subscription on the final day
• Qualified institutional buyers (ex-anchor) showing moderate performance at 1.33 times, building dramatically from day two's 0.06 times, indicating improving institutional appetite for this solar PV manufacturer
• Retail investors displaying moderate confidence at 1.16 times, improving substantially from day two's 0.65 times, indicating building retail interest in the renewable energy sector
• Non-institutional investors showing weak performance at 0.32 times, building from day two's 0.12 times but still indicating subdued HNI interest

Emmvee Photovoltaic IPO - Day 2 Subscription at 0.18 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.18 times, showing marginal improvement from day one's 0.09 times
• Retail investors showing weak performance at 0.65 times, improving substantially from day one's 0.34 times
• Non-institutional investors showing minimal performance at 0.12 times, marginally improving from day one's 0.06 times
• Qualified institutional buyers showing minimal participation at 0.06 times, building marginally from day one's 0.02 times

Emmvee Photovoltaic IPO - Day 1 Subscription at 0.09 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.09 times, showing cautious initial investor interest
• Retail investors showing weak performance at 0.34 times, indicating subdued retail sentiment
• Non-institutional investors displaying minimal confidence at 0.06 times, showing very weak HNI appetite
• Qualified institutional buyers showing minimal participation at 0.02 times, indicating negligible institutional interest
   

About Emmvee Photovoltaic Power Limited

Incorporated in March 2007, Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer. As of May 31, 2025, the company has a solar PV module capacity of 7.80 GW and a solar cell capacity of 2.94 GW. The company's product portfolio includes bifacial and mono-facial TOPCon modules and cells, and Mono PERC modules.