1. Completed
Mainboard
Mainboard issue. Listed.
Source: IPO Guru Pro
Company information, issue size, price band, lot size, minimum investment, and the dates published for this issue.
Emmvee Photovoltaic Power Limited was established in 1992 and is part of the Emmvee Group, founded by D. V. Manjunatha. The company began its journey by manufacturing solar water heating systems and later expanded into solar photovoltaic modules as demand for renewable energy grew in India and overseas markets. Over the years, Emmvee has built a strong presence in the solar energy sector, catering to both domestic and international clients, particularly in Europe. Its long operational history and focus on quality manufacturing have helped it establish credibility in a competitive industry. The company is primarily engaged in the manufacturing of solar photovoltaic modules along with providing engineering, procurement and construction (EPC) services for solar power projects. Its business model is a mix of product sales and turnkey project execution, serving independent power producers, commercial and industrial clients, and government projects. Emmvee focuses on high-efficiency modules and customised solar solutions, aiming to benefit from the increasing shift towards renewable energy. By combining manufacturing capabilities with project execution, the company seeks to maintain steady growth and long-term client relationships.
Current premium in rupees, the derived percentage, and the indicative price. History shows observed readings only. A missing premium is unavailable, not ₹0.
Grey Market Premium (GMP) is an unofficial market indicator and is not published by stock exchanges. Estimated listing values are illustrative, may change, and should not be considered a forecast or investment recommendation.
Indicative only. A GMP-implied price is not a guaranteed listing price.
No daily GMP history is loaded. Missing days are left blank and are not plotted as zero.
High unavailable · Low unavailable
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:45 PM IST.
Subscription is shown in times subscribed. A missing multiple stays unavailable. A published zero is 0x.
Last updated: Unavailable
Last updated: Unavailable
Source: IPO Guru Pro Data by IPO Guru
History retrieved: 05 Nov 2026, 5:45 PM IST
No day-wise subscription history is loaded. Missing days are left blank and are not plotted as zero.
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:45 PM IST.
Revenue and profit are in rupees for each reporting period. Assets, liabilities, and ratios use the source unit when the statement includes them. Missing figures stay blank.
| Metric (Rs. Crore) | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 1,042.22 | 2,360.33 | 954.44 |
| OPM % | — | 35 | — |
| EBITDA | 347.38 | 721.94 | 120.44 |
| Net Profit |
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This is the actual change from the issue price to the listing price. It is separate from the unofficial GMP estimate. A missing price stays unavailable.
RHP, DRHP, and other links that passed the official address check. Unverified addresses are left out.
Data by IPO Guru · Updated
Emmvee Photovoltaic Power IPO is expected to attract strong interest as the company is a leading solar module manufacturer in India. The company plans to use the funds for capacity expansion, working capital, and debt reduction. With growing demand for renewable energy and government focus on solar power, the IPO may benefit from positive sector outlook. Investors will watch financial performance and order book strength closely.
Manjunatha Donthi Venkatarathnaiah, Shubha Manjunatha Donthi, Suhas Donthi Manjunatha, Sumanth Manjunatha Donthi
1. Completed
2. Completed
3. Completed
4. Completed
Refund
Demat credit
No intraday GMP history is loaded. Missing slots are not filled in.
High unavailable · Low unavailable
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:45 PM IST.
| 187.68 |
| 369.01 |
| 28.90 |
| Debt | 2,032.11 | 1,949.69 | 1,441.30 |
| Assets | 4,347.72 | 3,913.94 | 2,189.99 |