Emmvee Photovoltaic Power IPO Listing Today
Did Emmvee Photovoltaic Power light up the markets on listing day? Well… not quite. The solar manufacturer made a completely flat debut on Tuesday, November 18, listing at ₹217 on both NSE and BSE, exactly where the issue price was set. No spark, no surge, just a perfectly straight line. Even the GMP hinted at this calm landing, sitting at ₹0 per share ahead of the debut.
If you were hoping for a voltage spike, this one stayed firmly in power-saving mode. Still, a steady start isn’t always bad, sometimes stability is the brightest sign.
Curious how it trades next? Here are the key details-
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Emmvee Photovoltaic made a flat debut on November 18, 2025, listing at ₹217 per share on the BSE, exactly matching its issue price.
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The stock opened at ₹217 on the NSE as well, indicating a zero-premium listing across both exchanges.
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The debut was fully in line with grey market expectations, where Emmvee Photovoltaic shares were also quoted at ₹217, signaling no premium ahead of listing.
Congratulations to Emmvee Photovoltaic Power Limited on getting listed on NSE today.
Emmvee Photovoltaic Power Limited is an integrated solar PV module and cell manufacturer. The Public issue was of ~ INR 2,900 Cr.#NSEIndia #listing #IPO #StockMarket #ShareMarket… pic.twitter.com/viBfFa7we9— NSE India (@NSEIndia) November 18, 2025
Emmvee Photovoltaic Power IPO Listing Details: Issue Size, Dates & Structure
| Category | Details |
|---|---|
| IPO Opened | November 11 |
| IPO Closed | November 13 |
| Allotment Date | November 14 |
| Listing Date | November 18, 2025 |
| Total Issue Size | ₹2,900 crore |
| Fresh Issue | ₹2,143.86 crore |
| Offer for Sale (OFS) | ₹756.14 crore |
Emmvee Photovoltaic Power IPO Subscription Status
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.26× |
| Retail Investors (RII) | 1.10× |
| Non-Institutional Investors (NII) | 0.30× |
| Overall Subscription | 97% (7.50 crore bids vs 7.74 crore shares offered) |
Emmvee Photovoltaic Power IPO: Utilisation of Funds
Emmvee Photovoltaic Power intends to use a large portion of the fresh issue proceeds to strengthen its financial position. About ₹1,621 crore will be utilised for the repayment or prepayment of outstanding borrowings and related interest for the company and its core subsidiary. The remaining amount will be allocated towards general corporate purposes, supporting operational and strategic requirements. As per regulatory filings, Emmvee’s total borrowings stood at ₹1,950 crore as of March 2025.
About Emmvee Photovoltaic Power
Founded in March 2007, Emmvee Photovoltaic Power is one of India’s largest integrated manufacturers of solar PV modules and solar cells.
Key highlights:
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Manufacturing Capacity (as of May 31, 2025):
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7.80 GW solar PV modules
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2.94 GW solar cells
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- Manufactures bifacial & mono-facial TOPCon modules, Mono PERC modules, and advanced TOPCon cells
- Four manufacturing facilities across two sites in Karnataka, spread over 22.44 acres
- Its Dobbaspet, Bengaluru solar cell facility is among India’s largest TOPCon cell plants
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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