Markets / IPO / Emmvee Photovoltaic Power

Emmvee Photovoltaic Power IPO

Updated 19:47

Mainboard IPO on NSE and BSE · Other Electrical Equipment

Status

Listed

Price band

₹206–217

Lot size

69 shares · ₹14,973

Subscribed

0.97×

How it listed

Issue price

₹217

Listing price (open)

₹217.00 0.00%

First-day close

₹219.40 +1.11%

Price now

₹251.31 +15.81%

Listing day	18 Nov 2025
Open / high / low / close	₹217.00 / ₹227.71 / ₹207.00 / ₹219.40
Shares traded on NSE	3,60,63,490
Market value at the listing-day close	₹15,190 cr

Closing prices since listing: 26 Oct ₹240.45, 27 Oct ₹240.65, 28 Oct ₹243.75, 29 Oct ₹243.70, 30 Oct ₹229.00, 2 Nov ₹236.19, 3 Nov ₹231.26, 4 Nov ₹246.41, 5 Nov ₹252.02, 6 Nov ₹251.20.

Emmvee Photovoltaic Power share price, live chart and technicals →

Key dates

Bidding opens	11 Nov 2025
Bidding closes	13 Nov 2025
Allotment	14 Nov 2025
Refunds and shares in demat	17 Nov 2025
Listing	18 Nov 2025

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	4,22,33,010	54.55%	–
HNI / NII	2,11,16,504	27.27%	–
HNI, above ₹10 lakh	1,40,77,670	18.18%	3,045
HNI, ₹2–10 lakh	70,38,834	9.09%	7,286
Retail	1,40,77,669	18.18%	2,04,024

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	69	₹14,973
Retail (maximum)	13	897	₹1,94,649
Small HNI (minimum)	14	966	₹2,09,622
Small HNI (maximum)	66	4,554	₹9,88,218
Big HNI (minimum)	67	4,623	₹10,03,191

At ₹217 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 1

Retail allotments available

2,04,024 × one lot

Retail portion subscribed

1.10×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	4,22,33,010	5,31,96,792	1.26×
HNI / NII	2,11,16,504	63,22,194	0.30×
HNI, above ₹10 lakh	1,40,77,670	27,05,697	0.19×
HNI, ₹2–10 lakh	70,38,834	36,16,497	0.51×
Retail	1,40,77,669	1,55,25,552	1.10×
Total	7,74,27,183	7,50,44,538	0.97×

NSE and BSE bids together, as of 13 Nov 2025 19:00.

Demand at each price

Top price ₹217	614.85 lakh shares	81.9%
Cut-off final price, whatever it is; mostly retail	131.87 lakh shares	17.6%
Lower prices ₹206–216	4.34 lakh shares	0.6%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	10 Nov 2025
Lock-in ends for the first 50% (30 days)	13 Dec 2025
Lock-in ends for the remaining 50% (90 days)	11 Feb 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹15,024 cr	₹17,399 cr
P/E (last 12 months' profit)	10.6	12.3

Revenue, last 12 months	₹6,023 cr
Profit, last 12 months	₹1,418 cr
Return on equity	32.3%
Debt to equity	0.21

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Other Electrical Equipment

Company	Listed	Subscribed	On listing	Since IPO
Himalayan Solar SME	5 Oct	–	-17.48%	-18.45%
Vivid Electromech SME	7 Apr	–	+1.80%	+92.36%
Fujiyama Power Systems	20 Nov	2.14×	-3.51%	+54.30%
Mangal Electrical Industries	28 Aug	9.46×	-0.89%	-54.50%
Vikram Solar	26 Aug	54.63×	+1.81%	-57.11%
Parth Electricals & Engineering SME	11 Aug	–	+2.35%	+199.94%
Smarten Power Systems SME	14 Jul	–	+44.00%	-20.95%
Eppeltone Engineers SME	24 Jun	–	+90.00%	-2.19%

IPO details

Price band	₹206–217
Final issue price	₹217
Lot size	69 shares
Minimum investment	₹14,973 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	₹2 per Equity Share
Industry	Other Electrical Equipment
Issue size	₹1,512.28 crore (about 6.97 crore shares) · Fresh issue + offer for sale: fresh ₹756.14 cr, offer for sale ₹756.14 cr
ISIN	INE1C6T01020
Registrar	KFin Technologies Limited Helpline: 91 40 6716 2222, 1800 309 4001, emmvee.ipo@kfintech.com
Lead managers	JM Financial Limited, IIFL Capital Services Limited, Jefferies India Private Limited and Kotak Mahindra Capital Company Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 14 Nov 2025. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Emmvee Photovoltaic Power IPO price band and lot size?

The price band is ₹206–217 per share, and one lot is 69 shares (₹14,973 at the upper price).

When is the Emmvee Photovoltaic Power IPO allotment date?

Allotment was finalised on 14 Nov 2025, the next working day after bidding closed on 13 Nov 2025.

How many times was the Emmvee Photovoltaic Power IPO subscribed?

In total 0.97 times, on NSE and BSE together; retail 1.10 times.

What is the Emmvee Photovoltaic Power IPO listing date?

It listed on 18 Nov 2025 on NSE and BSE.

What is the chance of getting Emmvee Photovoltaic Power IPO shares?

At least 1 in 1 retail applicants got the minimum lot: 2,04,024 retail allotments with the retail portion subscribed 1.10 times. Winners are picked by lottery.

When does the Emmvee Photovoltaic Power anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 13 Dec 2025 and the 90-day lock-in on the rest ends on 11 Feb 2026; they can sell from the next trading day.

What was the Emmvee Photovoltaic Power listing gain?

It opened at ₹217.00 against an issue price of ₹217, a gain of 0.00%. It is now up 15.81% from the issue price.