Emmvee Photovoltaic IPO
Renewables/Solar - Listed on 18 November 2025
Emmvee Photovoltaic IPO listing summary
Emmvee Photovoltaic (Renewables/Solar) closed its IPO window in 2025 and listed on NSE and BSE on 18 November 2025 at an upper band issue price of Rs 217, opening at Rs 217 for a listing gain of 0.0% and closing day one at Rs 219.4 (+1.1% on closing basis). The IPO was subscribed 0.97x overall - QIB 1.26x, HNI/NII 0.30x, Retail 1.10x. The total issue size was Rs 2,900 Cr (Fresh Issue Rs 2143.86 Cr, OFS Rs 756.14 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Emmvee Photovoltaic IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +9.22% |
| Day 2 | Rs 20 | +9.22% |
| Day 3 | Rs 20 | +9.22% |
| Day 4 | Rs 7 | +3.23% |
| Day 5 | Rs 4 | +1.84% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Emmvee Photovoltaic IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Emmvee Photovoltaic IPO - FAQs
What was the listing gain of Emmvee Photovoltaic IPO?
Emmvee Photovoltaic IPO listed at 0.0% versus the upper issue price of Rs 217 on 18 November 2025.
How many times was Emmvee Photovoltaic IPO subscribed?
Emmvee Photovoltaic IPO was subscribed 0.97x overall. QIB portion was subscribed 1.26x, HNI / NII 0.30x and Retail 1.10x.
What was the IPO GMP for Emmvee Photovoltaic?
IPO GMP started at Rs 20 on Day 1 and moved to Rs 4 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.