India’s solar cell and module production has jumped from 21 GW and 3.2 GW in 2022 to 82 GW and 23 GW by 2025. Domestic capacities could reach 185 GW and 95 GW by 2030. Emvee Photovoltaic Power Limited is part of this boom and will soon be listed.

JM Financial, Kotak Mahindra, Jefferies India, and IIFL Capital are managing the IPO; Kfin Technologies is gearing up to register it. Here is the allotment status. Also, see the Emvee Photovoltaic Power Limited DRHP. 

Note: For the Emvee Photovoltaic Power Limited IPO, 50% of the IPO shares will become tradable 30 days after allotment, and the remaining portion will be released from lock-in after 90 days.

Emvee Photovoltaic Power Limited: Company Profile

The whole profile of Emvee Photovoltaic Power Private Ltd is here:

Particulars	Details
Incorporated Year	2007
Registered Office	Bangalore
Products	Solar PV module and cell
Promoters	Manjunatha Donthi Venkatarathnaiah
Competitors	Waaree Energies, Premier Energies, and Websol Energy Systems

Emvee Photovoltaic Power IPO Details 

Find out more about the Emvee Photovoltaic Power Limited share price and IPO dates here. 

Emvee Photovoltaic Power Limited IPO Date

For the Emvee Photovoltaic Power Limited IPO, the DRHP was filed with SEBI on July 6, 2025, and the company received the approval on September 9, 2025. 

Emvee Photovoltaic Power Limited IPO Size

Particulars	Shares	Aggregate Value
Fresh Issue	Undisclosed	₹21,438.62 million
Offer for Sale	Undisclosed	₹8,561.38 million
Overall Issue	Undisclosed	₹30,000.00 million

Objectives of the Emvee Photovoltaic Power Limited Offer 

Purpose	Amount (₹ million)
Repayment or prepayment	16,078.97
General corporate purposes	Undisclosed
Total Net Proceeds	Undisclosed

Other takeaways and the Emvee Photovoltaic Power Limited IPO price 

Particulars	Description
Face value of each share	₹2
Price Range	Undisclosed
Lot Size	Undisclosed
Listed At	BSE NSE

Categorisation of Different Investors  

Application Category	Maximum Bid Amount	Cut-off Price Option
RII (Retail Individual Investor)	Up to ₹2 Lakhs	Yes
sNII (Small Non-Institutional Investor)	₹2 Lakhs – ₹10 Lakhs	No
bNII (Big Non-Institutional Investor)	Above ₹10 Lakhs (within NII quota)	No
Employee	Up to ₹5 Lakhs	Yes
Employee + RII/NII	Employee: Up to ₹5 Lakhs (with possible discount up to ₹2 Lakhs)  RII: Up to ₹2 Lakhs  NII: sNII ₹2–₹10 Lakhs, bNII above ₹10 Lakhs	Yes (for Employee and RII/NII)

Anchor Investor

Particulars	Description
Offer period	Undisclosed
Terms of Payment	The bid amount must be paid at the  time of bid submission

Emvee Photovoltaic Power Limited IPO details: Key Financials  

Particulars	2025	2024	2023
Equity share capital	107.92	107.92	107.92
Total income	23,603.25	9,544.44	6,443.70
Restated profit after tax	3,690.14	288.99	89.71
Restated Basic (profit/loss) earnings (₹)	6.22	0.49	0.15
Restated Diluted (profit/loss) earnings (₹)	6.22	0.49	0.15
Total borrowings	19,496.86	14,413.02	5,196.21
Net Worth	5,314.08	1,627.71	1,339.68
Return on Net Worth (%)	69.44%	17.75%	6.70%
NAV (₹)	8.95	2.74	2.26

Strengths and Risks

Here’s the full picture of risks and strengths of Emvee Photovoltaic Power Limited:

Strengths 

• Big Manufacturing Capacity: Emmvee can make a lot of solar modules and cells, so it can take on big projects easily.

• Modern Products: They make advanced solar modules and cells like TOPCon and Mono PERC.

• Multiple Factories: With four factories in Karnataka spread over 22 acres, they can produce more and reduce the risk of downtime.

• Leading Facility in Bengaluru: Their Dobbaspet unit is one of India’s largest TOPCon solar cell factories.

Risks 

• Few Big Customers: A lot of their sales come from a small group of clients, which can be risky if one stops buying.

• All Factories in One State: Since everything is in Karnataka, any local problem or regulation change could affect production.

• Expensive Operations: Making solar modules and cells requires a lot of money, so investments keep piling up.

• Tough Competition: The solar industry has many players, which can make prices lower and margins tighter. 

Should You Bid For The Emvee Photovoltaic Power Limited IPO?

The Emvee Photovoltaic Power Limited IPO live GMP update is not available as of 13 October 2025. But you can easily see the company’s background and know about the latest subscription status before making your move.

Also, know the live subscription information if you want to apply for Emvee Photovoltaic Power Limited IPO. Apply Now.

FAQs

1. How are the Emvee Photovoltaic Power Limited reviews?

Emvee Photovoltaic Power Limited is seen as one of the solar PV module and cell manufacturers. With this IPO, it will expand the capital. For the latest sentiment, you can look for the Emvee Photovoltaic Power Limited GMP updates. 

2. What is the Emvee Photovoltaic Power Limited IPO date?

The IPO open and close dates are not updated as per 13 October 2025. Live subscription details can be monitored through Finnpick, showing live subscription data in real time.

3. What is the Emvee Photovoltaic Power Limited IPO listing price? 

The Emvee Photovoltaic Power Limited IPO price is unavailable as of 13 October 2025. Also, don't forget to check the IPO size. 

4. Should I use a demat account to bid for the Emvee Photovoltaic Power Limited IPO?

Yes, a demat account is required to bid for the Emvee Photovoltaic Power Limited IPO. Click here to get the ultimate list of the top demat account providers.