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Emmvee Photovoltaic’s ₹30 Billion IPO Closes with 97% Subscription

Qualified institutional buyers led the demand with a subscription rate of 1.26

November 13, 2025

/ Melvin Mathew
/ Finance and M&A, Modules, Solar
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Bengaluru-based solar and cell module manufacturer, Emmvee Photovoltaic Power’s ₹30 billion (~$350.12 million) initial public offering (IPO) was subscribed 0.97 times at the end of the bidding window on November 13, 2025.

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Melvin Mathew

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