Exchanges
BSE, NSE
Industry
Other Electrical Equipment
Issue
Book building

Emmvee Photovoltaic Power IPO

₹219.40

+1.11% on listing

Listing-day close · NSE · 18 Nov 2025 · issue price ₹217

Emmvee Photovoltaic Power’s ₹2,900 crore IPO was priced at ₹217 a share. It listed on the NSE on 18 Nov 2025 and closed its first day at ₹219.40, up 1.11% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Refunds
  5. Shares in demat
  6. Listing

Issue details

Issue size
₹2,900 Cr
Fresh issue
₹2,144 Cr
Offer for sale
₹756 Cr
Lot size
69 shares
Minimum investment
₹14,973
Face value
₹2
Registrar
Kfin Technologies

Subscription

Emmvee Photovoltaic Power IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—1.02×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹15,024 Cr
P/E (post-issue)
20.0
EPS (post-issue)
₹10.84
Price to book
24.3
ROE
104.60%
ROCE
23.33%
Debt to equity
3.63
EBITDA margin
30.91%
PAT margin
15.80%
Promoter holding
99.22% → 80.03%

Financials as of 31 Mar 2025, from the offer documents.

Listing

Listing date
18 Nov 2025
Issue price
₹217
Open
₹217.00
High
₹227.71
Low
₹207.00
Close
₹219.40

Listing day on the NSE. The close was +1.11% on the issue price.

FAQs

When did the Emmvee Photovoltaic Power IPO open and close?

It opened on 11 Nov 2025 and closed on 13 Nov 2025.

What was the Emmvee Photovoltaic Power IPO price?

The price band was ₹206–217 a share. The final issue price was ₹217.

What is the lot size and minimum investment?

One lot is 69 shares, ₹14,973 at ₹217 a share. Retail investors apply in whole lots.

How much did Emmvee Photovoltaic Power raise?

₹2,900 crore: ₹2,144 crore of new shares and ₹756 crore offered by existing shareholders.

How many times was the Emmvee Photovoltaic Power IPO subscribed?

1.02 times overall.

How did Emmvee Photovoltaic Power list?

It listed on the NSE on 18 Nov 2025 at ₹217.00 and closed the day at ₹219.40, up 1.11% on the ₹217 issue price.

Who is the registrar of the Emmvee Photovoltaic Power IPO?

Kfin Technologies handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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