Archive · 14 Nov 2025
Emmvee Photovoltaic Power IPO Allotment Finalized; Faces Tepid Investor Response
Emmvee Photovoltaic Power, a company that makes solar energy products, is finishing its first-time sale of shares to the public, called an IPO.
The company aimed to raise about ₹2,900 crore.
However, not all the shares were sold during the time people could buy them, as the IPO was only 97% subscribed.
Some investors like big institutions (QIBs) and individuals (RIIs) bought shares, but others (NIIs) bought less.
The shares are priced between ₹206 and ₹217.
The company plans to use the money raised primarily to pay off loans.
Investors who applied can check if they received any shares on Friday, November 14, through the websites of the stock exchanges or the company's registrar.
The shares are expected to start trading on the stock market at the issue price of ₹217, with no extra gain in the grey market.
Emmvee Photovoltaic Power's IPO allotment is set to be finalized on November 14.
The IPO, aiming to raise ₹2,900 crore, received a tepid response, only achieving 97% subscription.
Qualified Institutional Buyers (QIBs) subscribed 1.26 times, and Retail Individual Investors (RIIs) subscribed 1.10 times, while Non-Institutional Investors (NIIs) subscribed 30%.
The funds raised will be used for repaying company and subsidiary loans (₹1,621 crore) and for general corporate purposes.
Investors can check their allotment status on NSE, BSE, or KFin Technologies' websites.
- Who
- Emmvee Photovoltaic Power
- What
- Finalization of its Initial Public Offering (IPO) allotment after a subscription period that closed on November 13, receiving a lukewarm response.
- When
- Allotment finalized on November 14; IPO open for subscription from November 11 to November 13.
- Where
- India (NSE, BSE, KFin Technologies for status check)
- Why
- To raise funds for repaying or prepaying certain loans and for general corporate purposes.
- IPO Size
- ₹2,900 crore (₹2,144 crore fresh issue + ₹756 crore offer for sale)
- Price Band
- ₹206 to ₹217 per share
- Subscription Status
- 97% subscribed (7,50,44,538 bids against 7,74,27,183 shares)
- QIB Subscription
- 1.26 times
- RII Subscription
- 1.10 times
- NII Subscription
- 30%
- Estimated Listing Price
- ₹217 (Issue price)
- Grey Market Premium (GMP)
- ₹0
Sources
PhysicsWallah's IPO Fully Subscribed On Last Day Of The Initial Share Sale, Retail Individual Investors Receive 86% Subscription
PhysicsWallah IPO fully subscribed on final day driven by institutional interest, Emmvee Photovoltaic IPO sees tepid response
PhysicsWallah IPO Allotment Status, GMP LIVE: Allotment to be finalised today – Check status online; GMP, Listing Details
Physicswallah IPO Allotment: Here's How To Check Status On NSE, BSE And MUFG Intime
