Emmvee Photovoltaic Power Ltd IPO

LISTED
MAINBOARD

BSE • Lot Size: 69 • Capital Goods - Electrical Equipment

Issue217
Listed231.54+7%
Now208-4.1%
4.1%

*Last updated on 11 Jan 2026

Price Band

₹206 - ₹217

Lot Size

69

Issue Size

₹2900 Cr

GMP

N/A

Subscription

0.00x

Analyzing...

IPO Schedule

1

Open

11 Nov 2025

2

Close

13 Nov 2025

3

Allotment

14 Nov 2025

4

Listing

18 Nov 2025

About Emmvee Photovoltaic Power Ltd

Emmvee Photovoltaic Power Ltd is a leading solar panel manufacturer in India, specializing in the production of high-efficiency solar PV modules and offering comprehensive solar energy solutions. The company caters to both domestic and international markets, focusing on technological innovation and sustainable energy solutions.

Key Strengths

  • Strong brand reputation and established market presence in the solar PV module industry.
  • High Return on Equity (ROE) of 104.60% demonstrates efficient utilization of shareholder funds.
  • Diversified product portfolio catering to various segments of the solar energy market.
  • Focus on research and development to enhance product performance and efficiency.
  • Experienced management team with a proven track record in the solar energy sector.

Risk Factors

  • Exposure to fluctuations in raw material prices, particularly polysilicon, which can impact profitability.
  • Dependence on government policies and incentives related to the solar energy sector.
  • Intense competition from both domestic and international solar panel manufacturers.

Valuation Analysis

The IPO is priced at a P/E ratio of 34.9, which appears relatively high compared to some industry peers, demanding a premium for its high ROE and established position. Investors should carefully consider the future growth prospects and inherent risks before investing.

IPO Details

ExchangeBSE
SegmentMAINBOARD
ISININE1C6T01020
NSE SymbolEMMVEE
Face Value2
Lot Size69
Issue Size₹2900 Cr

Key Metrics

ROE15.6
ROCE18.2
P/E Ratio38.2
Industry P/E20
EPS6.22
PAT Margin15.80%
Debt/Equity0.75

Growth & Quality

Revenue Growth (YoY)15.8%
ProfitableYes ✓
Anchor Investors12

Subscription

Total0.09x
Imbalance Ratio7.8x

Documents

Registrar

KARVY

Key Dates

Open Date11 Nov 2025
Close Date13 Nov 2025
Allotment14 Nov 2025
Listing18 Nov 2025