Emmvee Photovoltaic Power

Emmvee Photovoltaic Power Ltd, one of India’s leading integrated solar module and cell manufacturers, is set to open its ₹2,900 crore initial public offering (IPO) on November 11, 2025. The issue comprises a fresh equity issue of ₹2,143.86 crore and an offer for sale worth ₹756.14 crore by promoters. With a price band fixed between ₹206 and ₹217 per share, the Bengaluru-based company aims to leverage India’s accelerating solar manufacturing ecosystem.

Bengaluru-based solar technology manufacturer Emmvee Photovoltaic Power Ltd has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth Rs. 3,000 crore. The offering comprises a fresh issue of shares totaling Rs. 2,143.86 crore and an offer for sale (OFS) of Rs. 856.14 crore by the company's promoters. Proceeds will primarily be used to reduce outstanding debt, which stood at nearly Rs. 1,950 crore as of March 2025.