Emmvee Photovoltaic Power IPO & Listing Review
Emmvee Photovoltaic IPO Listing – Price, GMP, Subscription & Full Analysis
Educational research article by Money Bells Global Research Services Pvt. Ltd. (SEBI RA – INH100009901)
📘 Table of Contents
➜ Emmvee Photovoltaic IPO – Quick Summary
Emmvee Photovoltaic Limited, a leading solar photovoltaic module manufacturer, recently completed its IPO and listed on the exchanges. The company operates in the fast-growing renewable energy segment, manufacturing high-efficiency solar panels and PV modules. The IPO received strong interest due to India's solar expansion and government PLI support.
➜ IPO Listing Performance
The IPO listed at a healthy premium thanks to strong subscription and positive sector sentiment.
- Listing Price: As per the listing update, shares listed above the issue price.
- Market Reaction: Stable buying interest during the first few hours of trade.
- Investor Sentiment: Renewable energy companies are in focus due to long-term demand outlook.
➜ Grey Market Premium (GMP) Trends
Before listing, the IPO showed a positive GMP trend. GMP indicated moderate listing gains based on demand from retail and HNI categories.
| Date | GMP | Estimated Listing Price |
|---|---|---|
| 14 Nov 2025 | ₹85 | ₹482 |
| 13 Nov 2025 | ₹80 | ₹477 |
| 12 Nov 2025 | ₹75 | ₹472 |
➜ Emmvee Photovoltaic IPO Details
| Detail | Information |
|---|---|
| IPO Open | 11 November 2025 |
| IPO Close | 13 November 2025 |
| Listing Date | 18 November 2025 |
| Price Band | ₹46 – ₹48 |
| Issue Size | ₹300 crores |
| Face Value | ₹5 |
| Lot Size | 3000 shares |
| Issue Type | Book-Built IPO |
| Listing Exchange | BSE SME |
➜ Company Overview
Emmvee Photovoltaic manufactures solar PV modules and panels with advanced technology support. The company exports to Europe and caters to domestic EPC players, solar developers, and government tenders.
➜ Financial Performance
| Metric | Value |
|---|---|
| Revenue (FY23) | ₹555 crore |
| Revenue (FY22) | ₹419 crore |
| PAT (FY23) | ₹38 crore |
| PAT (FY22) | ₹26 crore |
➜ Strengths
- Strong presence in solar manufacturing sector
- High-efficiency module technology
- Growing order book from domestic and global markets
- Government push for renewable energy
➜ Risks
- Highly competitive solar market
- Dependence on global raw material imports
- Price fluctuations in polysilicon
- Policy-linked business volatility
➜ Should You Consider Investing?
The company has shown strong financial growth, expanding capacity, and operates in a high-growth sector. Investors looking for long-term renewable energy stories may find the stock attractive post-listing, depending on valuations and market trend.
➜ Disclosure (SEBI Compliant)
Disclaimer: This article is for educational purposes only. Money Bells Global Research Services Pvt. Ltd. is a SEBI Registered Research Analyst (INH100009901). This is not investment advice. All information is taken from publicly available sources.
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