Emmvee Photovoltaic Power Limited proposes to open an initial public offering of its equity shares of face value of ₹2 each on Tuesday, November 11, 2025. The Anchor Investor Bidding Date is one Working Day before the Bid/Offer Opening Date, being, Monday, November 10, 2025. The Bid/ Offer Closing Date is Thursday, November 13, 2025.
- Issue Opens: November 11, 2025
- Issue Closes: November 13, 2025
- Face Value: Rs 2 each
- Price Band: Rs 206 – 217 per share
- Lot Size: 69 Shares
- Listing: BSE NSE
The Price Band of the Offer has been fixed from ₹206 per Equity Share of face value ₹2 each to ₹217 per Equity Share of face value ₹2 each. Bids can be made for a minimum of 69 Equity Shares of face value ₹2 each and multiples of 69 Equity Shares of face value ₹2 each thereafter.
The offer comprises a fresh issue of equity shares aggregating up to ₹21,438.62 million (₹2,143.86 Crore) and an offer for sale of up to ₹7,561.38 million (₹756.14 Crore) by existing shareholders, Manjunatha Donthi Venkatarathnaiah and Shubha Manjunatha Donthi.
The company is primarily a solar module manufacturer and is the second largest pure-play integrated solar photovoltaic (“PV”) module and solar cell manufacturing company and one of the largest solar PV module manufacturers in India, each in terms of production capacity as of March 31, 2025. (Source: Crisil Report). As of June 30, 2025, the company has a solar PV module production capacity of 7.80 GW and a solar cell production capacity of 2.94 GW, with a track record of over 18 years. In addition, the company is one of the first in India to adopt the higher efficiency tunnel oxide passivated contact (“TOPCon”) technology for manufacturing solar cells, and is among a limited number of solar cell manufacturers in India as of March 2025 to leverage this technology. (Source: Crisil Report).
The Equity Shares of the Company are proposed to be listed on the BSE and the National Stock Exchange of India Limited.
