Emmvee Photovoltaic
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 18 Nov 2025 | ₹0 | 0.00% | ₹0 | ₹217 | ₹0 |
| 17 Nov 2025 | ₹0 | 0.00% | ₹0 | ₹217 | ₹0 |
| 16 Nov 2025 | ₹0 | 0.00% | ₹0 | ₹217 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 18 Nov 2025
- Face value
- ₹2 per share
- Issue price
- ₹217 per share
- Lot size
- 69 shares
- Total issue size
- ₹2,900 Cr
- Market cap at offer price
- ₹15,024 Cr
- Promoter holding
- 99.22% → 80.03% pre-issue → post-issue
- ISIN
- INE1C6T01020
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- JM Financial Ltd.
- Registered office
- 13/1, International Airport Road, Bettahalasur Post, Karnataka
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 6,01,38,249 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 69 shares per lot, in multiples, at ₹217
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 69 | ₹14,973 |
| Retail (max) | 13 | 897 | ₹1,94,649 |
| S-HNI (min) | 14 | 966 | ₹2,09,622 |
| S-HNI (max) | 66 | 4,554 | ₹9,88,218 |
| B-HNI (min) | 67 | 4,623 | ₹10,03,191 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹217 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.22 | 10.84 |
| P/E (×) | 34.89 | 20.02 |
| Price to book (×) | 24.25 | — |
| Market cap | — | ₹15,024 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 69.44%
- ROCE
- 23.33%
- Debt / equity
- 3.63
- PAT margin
- 15.80%
- EBITDA margin
- 30.91%
- NAV per share
- ₹8.95
- Price to book
- 24.25
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.