Price band set at ₹206–₹217; bidding to remain open till November 13
National, November 10, 2025: Emmvee Photovoltaic Power Limited will open its Initial Public Offering (IPO) on Tuesday, November 11, marking an important step in the company’s expansion plans. Anchor investors will participate a day earlier, on Monday, November 10. The public subscription window will remain open until Thursday, November 13.
The company has fixed the price band between ₹206 and ₹217 per equity share, each having a face value of ₹2. Investors may bid for a minimum of 69 equity shares and in multiples of 69 thereafter.
The IPO comprises a fresh issue of shares worth ₹2,143.86 crore and an Offer for Sale amounting to ₹756.14 crore by promoter selling shareholders Manjunatha Donthi Venkatarathnaiah and Shubha Manjunatha Donthi.
Emmvee is a prominent player in India’s solar energy manufacturing sector and is ranked as the country’s second-largest integrated solar photovoltaic (PV) module and cell manufacturer, according to Crisil. As of June 30, 2025, the company has an installed capacity of 7.80 GW for solar modules and 2.94 GW for solar cells. With more than 18 years of experience, Emmvee is also among the early domestic adopters of advanced TOPCon cell technology.
The IPO will follow the Book Building route under SEBI’s ICDR Regulations. Seventy-five per cent of the offer will be reserved for Qualified Institutional Buyers, while 15% will be allocated to Non-Institutional Bidders and 10% to Retail Individual Bidders. All applicants, except anchor investors, must apply through the ASBA mechanism.
The company’s shares are proposed to list on both BSE and NSE. JM Financial, IIFL Capital Services, Jefferies India, and Kotak Mahindra Capital are the Book Running Lead Managers.
City Today News 9341997936
City Today News 