The mainboard issue witnessed a muted response from investors during the three-day subscription period. The IPO was booked only 0.97 times on the last day of bidding on Thursday, with bids for more than 7.5 crore shares compared to 7.74 crore shares on offer.
In the retail category, the IPO was subscribed 1.1 times, while the Non-Institutional Investors (NIIs) booked their segment 0.3 times. The Qualified Institutional Buyers’ (QIBs) quota was booked 1.26 times.The Emmvee Photovoltaic Power IPO comprised a fresh issue of 9.88 crore shares worth ₹2,143.9 crore and an offer-for-sale (OFS) of 3.48 crore shares, amounting to ₹756.1 crore. The IPO lot size comprised 69 shares. The minimum bid size for retail investors was ₹14,973 for at least a single lot.
The company will use IPO funds for loan repayments and general corporate purposes.
Investors, who participated in the Emmvee Photovoltaic Power IPO subscription, can check share allotment status online through the BSE, NSE and the official website of the issue registrar, Kfin Technologies Ltd.
Steps to check Emmvee Photovoltaic Power IPO share allotment on the BSE:
Access the IPO allotment page on the BSE site:
Choose ‘Equity’ as the issue type
Select ‘Emmvee Photovoltaic Power Ltd’ from the dropdown menu under IPO names
Enter the application number and PAN to proceed
Click on ‘Search’ to view your share allotment details
Steps to check Emmvee Photovoltaic Power IPO allotment on Kfin Technologies:Go to the link: https://ipostatus.kfintech.com/
Under ‘Select IPO’, click on ‘Emmvee Photovoltaic Ltd’ from the dropdown list
Provide your Demat Account Number, PAN and IPO Application Number
Click on ‘Submit’ to view your allotment status
The IPO subscribers can also check share allotment status on the NSE using the application number and PAN.
Emmvee Photovoltaic Power is expected to process refunds and transfer of shares to the Demat accounts on November 17.
Shares of Emmvee Photovoltaic Power are expected to be listed on the NSE and BSE on November 18.
Emmvee Photovoltaic Power is an integrated solar PV module and solar cell manufacturing company. Its production capacity stood at 7.8 GW for solar PV modules and 2.94 GW for solar cells as of May 31, 2025.
