Explore how Emmvee Photovoltaic Power Ltd. performed during its IPO subscription phase, including investor participation, price band, issue size, and a complete guide on how to apply through ASBA or UPI.
The Emmvee Photovoltaic Power Ltd. IPO opened for subscription on November 11, 2025, drawing investor attention to India’s fast-growing renewable energy and solar manufacturing sector. Known for its innovation in photovoltaic module production and clean energy solutions, the company’s IPO offers investors a sustainable opportunity aligned with India’s clean energy goals.
On Day 1, the Emmvee Photovoltaic Power IPO recorded an overall subscription of 0.06×, led by early participation from retail and institutional investors. Retail investors subscribed 0.24×, while Non-Institutional Investors (NIIs) subscribed 0.03×, and Qualified Institutional Buyers (QIBs) stood at 0.02×.
The IPO began with measured interest across categories, reflecting steady confidence among early participants in the renewable energy segment. The IPO remains open for subscription until November 13, 2025.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIBs) |
0.02× |
Non-Institutional Investors (NIIs) |
0.03× |
Retail Individual Investors (RIIs) |
0.06× |
Total |
0.06× |
This early response reflects the growing appeal of renewable and green energy companies in India’s capital markets, with broader investor participation expected as the issue progresses.
By the second day, Emmvee Photovoltaic Power Ltd. recorded an overall subscription of 0.17x, with consistent participation from retail and institutional categories.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIBs) |
0.06x |
Non-Institutional Investors (NIIs) |
0.11x |
Retail Individual Investors (RIIs) |
0.61x |
Total |
0.17x |
Retail investors continued to dominate participation on Day 2, reaffirming steady market interest in renewable energy and solar infrastructure businesses.
The Emmvee Photovoltaic Power Ltd. IPO closed with moderate subscription levels on its final day. By the end of Day 3, the overall subscription stood at 0.96 times, reflecting steady but limited participation across investor categories.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.26x |
Retail Individual Investors (RII) |
1.06x |
Non-Institutional Investors (NII) |
0.30x |
Total |
0.96x |
Retail investors led the bidding activity, nearing full subscription, while institutional and NII interest remained subdued through the final day.
The Emmvee Photovoltaic Power IPO price band is set between ₹206 and ₹217 per share, with a face value of ₹2 per share. Investors can bid for a minimum of 69 shares (1 lot) and in multiples thereof.
At the upper price limit, one lot amounts to an investment of approximately ₹14,973, making it accessible to retail participants while offering scalability for larger investors looking to enter India’s renewable energy sector.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 |
69 |
₹14,973 |
S-HNI (Min) |
14 |
966 |
₹2,10,000 |
S-HNI (Max) |
68 |
4,692 |
₹10,17,000 |
B-HNI (Min) |
69 |
4,761 |
₹10,31,000 |
This structure allows both small and institutional investors to participate in India’s renewable revolution. For real-time updates, visit the Emmvee Photovoltaic Power IPO page on Bajaj Markets.
Here’s the complete IPO schedule outlining important investor milestones — from the subscription opening to the listing on the stock exchange:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
November 11, 2025 |
IPO opens for bidding |
IPO Close Date |
November 13, 2025 |
Final day for subscription |
Basis of Allotment |
November 14, 2025 |
Share allotment finalisation |
Initiation of Refunds |
November 17, 2025 |
Refunds begin for unallotted shares |
Credit of Shares to Demat |
November 17, 2025 |
Shares credited to investors’ accounts |
Listing Date (NSE Mainboard) |
November 18, 2025 |
Expected debut on NSE |
UPI Mandate Cut-Off Time |
5 PM, November 13, 2025 |
Last time to confirm UPI mandate |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Emmvee Photovoltaic Power Ltd. IPO through ASBA (Net Banking) or UPI (via broker platforms). Both are SEBI-approved, secure, and fully digital application methods.
Investors may apply for the IPO through ASBA as follows:
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Emmvee Photovoltaic Power Ltd. IPO’ from the list.
Enter the number of lots and your preferred bid price.
Confirm and submit the application.
The bid amount remains blocked in your account until allotment.
Upon allotment, funds are debited and shares appear in your Demat account.
You can also apply using trading or investment apps that enable UPI-based IPO applications.
Log in to your Demat account or trading account on your broker platform.
Navigate to the IPO section and select ‘Emmvee Photovoltaic Power Ltd. IPO’.
Enter the bid quantity (lots) and price.
Provide your UPI ID linked to your bank account.
Approve the mandate in your UPI app (like BHIM, Google Pay, or PhonePe).
Funds remain blocked until allotment and debited only if shares are allotted.
Upon allotment, shares will be credited directly to your Demat account.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner