#EmmveeIPO #SolarEnergy #RenewableIndia #IndianStockMarket #GreenEnergy #IPO2025 #DalalStreet #CleanEnergy #BSE #NSE #SustainableGrowth #InvestSmart #Mumbai
Mumbai: Emmvee Photovoltaic Power, one of India’s largest solar PV module and cell manufacturers, today announced the price band for its upcoming ₹2,900 crore Initial Public Offering (IPO). The Bengaluru-based renewable energy firm has fixed the price band between ₹206 and ₹217 per share. The IPO subscription will open on Tuesday, November 11, 2025, and close on Thursday, November 13, 2025.
Retail investors can apply for a minimum lot of 69 shares, with the minimum investment starting at ₹14,973, based on the upper price band. Bids can be placed in multiples of 69 shares thereafter, positioning the company for a potential post-issue market capitalization of around ₹15,023.89 crore.
IPO Composition and Usage of Funds
The IPO comprises a fresh issue of shares aggregating to ₹2,143.86 crore, alongside an offer for sale of ₹756.14 crore by promoters Manjunatha Donthi Venkatarathnaiah and his wife, Shubha Manjunatha Donthi. Proceeds from the fresh issue will primarily be utilized for the repayment or prepayment of loans and interest by the company and its key subsidiary, along with general corporate purposes.
Strong Operational and Financial Performance
Emmvee Photovoltaic Power operates a solar PV module production capacity of 7.80 GW and a solar cell capacity of 2.94 GW as of May 31, 2025. The company is currently expanding capacity with plans to increase solar PV module production to 16.30 GW and solar cell production to 8.94 GW by the first half of fiscal 2028.
On the financial front, Emmvee recorded a robust profit of ₹369 crore in FY25, reflecting a nearly 13-fold increase from ₹28.9 crore in FY24. Revenue surged 145 percent to ₹2,335.6 crore during the same period, underscoring its rapid growth trajectory in the solar energy sector.
IPO Management and Listing Dates
The IPO is being managed by JM Financial, IIFL Capital Services, Jefferies India, and Kotak Mahindra Capital Company. The allotment results will be finalized by November 14, 2025, with shares credited to demat accounts on November 17. Emmvee Photovoltaic Power shares are slated to begin trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) from November 18, 2025.
The upcoming IPO comes at a time when India’s solar manufacturing sector is on a strong growth path, supported by government initiatives and increasing demand for clean energy solutions. Emmvee’s integrated solar technology and capacity expansion plans position it strategically to benefit from this market momentum.
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#EmmveeIPO #SolarEnergy #RenewableIndia #IndianStockMarket #GreenEnergy #IPO2025 #DalalStreet #CleanEnergy #BSE #NSE #SustainableGrowth #InvestSmart #Mumbai
This IPO marks a significant milestone for Emmvee Photovoltaic Power, reinforcing its role in India’s solar power revolution and providing investors an opportunity to participate in the renewable energy growth story.
