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EMMVEEEQ / NSE, BSEListed
Emmvee Photovoltaic Power

Founded in March 2007, Emmvee Photovoltaic Power Limited is an integrated manufacturer of solar PV modules and cells. As of May 31, 2025, the company has a production capacity of 7.80 GW for modules and 2.94 GW for solar cells. Its product range includes bifacial and mono-facial TOPCon modules and cells, as well as Mono PERC modules. Emmvee operates four manufacturing units across two locations in Karnataka, covering 22.44 acres. Its solar cell unit at Dobbaspet, Bengaluru, is among the largest TOPCon solar cell facilities in India by capacity. The company serves a wide range of customers, including independent power producers, commercial and industrial clients, and EPC service providers from both public and private sectors. Key clients include Ayana Renewable Power, Hero Rooftop Energy, Aditya Birla Renewables, KPI Green Energy, and Clean Max Enviro Energy, among others, serving a total of 525 customers in 2023. As of March 31, 2025, Emmvee employed 611 full-time staff members.

₹206 - ₹2171.02x sub
Listed Price₹217.00
Listing Gain+0.00%

Subscription Status

1.02xTotal Demand
Updated 20 Oct 2026, 01:30 AM
QIB1.33x
Fully Subscribed (Safe)Offered: 4,00,92,166 sh
Nib0.32x
Steady / DevelopingOffered: 2,00,46,083 sh
Hnis(10l +)0.20x
Steady / DevelopingOffered: 1,33,64,055 sh
Hnis (2-10l)0.54x
Steady / DevelopingOffered: 66,82,028 sh
Retail1.16x
Fully Subscribed (Safe)Offered: 1,33,64,055 sh
CategoryOfferedAppliedTimes
QIB4,00,92,1665,31,96,7921.33x
Nib2,00,46,08363,22,1940.32x
Hnis(10l +)1,33,64,05527,05,6970.2x
Hnis (2-10l)66,82,02836,16,4970.54x
Retail1,33,64,0551,55,25,5521.16x

Segment Subscription Demand

Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB1,154.378701.33x
Fiis597.550Open
Fis169.190Open
Mutual Funds353.990Open
Others33.640Open
Retail336.92901.16x
Hnis 2+78.481450.54x
Hnis 10+58.712900.20x

Application-wise Breakup

CategoryReservedAppliedTimes Sub.
Retail1,93,6821,74,7930.90x
Hnis(10l +)13,8344010.03x
Hnis (2-10l)6,9173,3600.49x
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About Emmvee Photovoltaic Power IPO Subscription Demand

Live subscription status and bidding analysis for Emmvee Photovoltaic Power (EMMVEE) IPO. The issue is subscribed 1.02x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.

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