The basis of allotment for the Rs 2,900 crore IPO of Emmvee Photovoltaic Power Ltd is expected to be finalised on Friday, November 14.
Once the allotment process is completed, applicants will be able to check their status on the NSE, BSE, and KFin Technologies websites.
IPO Subscription Status
Emmvee Photovoltaic Power, a solar panel manufacturer, saw an overall subscription of 97 per cent.
According to data from the NSE, the IPO received bids for 7,50,44,538 shares against 7,74,27,183 shares available.
The subscription breakdown:
Qualified Institutional Buyers (QIBs): 1.26 times
Retail Individual Investors (RIIs): 1.10 times
Non-Institutional Investors (NIIs): 30 per cent
The allotment is expected to be finalised by late evening on Friday, November 14.
How to Check Allotment Status
On KFin Technologies
Visit: ipostatus.kfintech.com
Select ‘Emmvee Photovoltaic Ltd’
Enter PAN, Demat number, or application number
Click ‘Submit’
On NSE
Visit: nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select ‘Equity & SME IPO bid details’
Choose ‘EMMVEE’
Enter PAN and application number
Click ‘Submit’
On BSE
Visit: bseindia.com/investors/appli_check.aspx
Select ‘Equity’
Choose ‘Emmvee Photovoltaic Power Ltd’
Enter PAN or application number
Click ‘Search’
IPO Details and Listing Date
The IPO was priced between Rs 206 and Rs 217 per share.
It included a fresh issue of Rs 2,143.86 crore and an offer for sale of Rs 756.14 crore by promoters.
Use of funds from the fresh issue:
Rs 1,621.29 crore for repayment or prepayment of borrowings of the company and its key subsidiary
Remaining amount for general corporate purposes
Emmvee Photovoltaic is a major integrated solar PV manufacturer, with a solar module capacity of 7.80 GW and solar cell capacity of 2.94 GW as of June 2025.
The company’s shares will list on the NSE and BSE on Tuesday, November 18, at 10 am.
