Emmvee Photovoltaic Power IPO Announces
Emmvee Photovoltaic Power IPO is set to launch its Initial Public Offering (IPO), presenting an opportunity for investors to participate in the growth of a leading integrated solar photovoltaic (PV) module and cell manufacturer in India. This IPO is an Offer for Sale (OFS) with a fresh issue and aims to raise 3000.00 crores.
Company Overview
Emmvee is a prominent player in the solar energy sector, specializing in the manufacturing of high-quality PV modules and cells. With a strong presence in the Indian market, Emmvee caters to diverse segments, offering both bifacial and mono-facial TOPCon and Mono PERC modules. Their products are ALMM-approved, enabling them to supply to government projects.
Key Achievements
Emmvee has demonstrated impressive growth over the years. Some key highlights include:
- Module production capacity of 7.80 GW and a cell production capacity of 2.94 GW as of May 31, 2025.
- Among the first in India to adopt high-efficiency TOPCon technology.
- Expanding capacity to 16.30 GW for modules and 8.94 GW for cells by the first half of Fiscal 2028.
- Low warranty claim rates, showcasing its reliability in the solar energy sector.
Financial Overview (FY25)
Here’s a snapshot of Emmvee’s financial performance:
| Financial Parameter | Amount ( in Crores) |
|---|---|
| Total Assets | 3913.94 |
| Revenue | 2335.61 |
| Profit After Tax | 369.01 |
| Net Worth | 536.80 |
| Total Borrowing | 1949.69 |
Offer for Sale and IPO Structure
The IPO comprises a fresh issue of 2143.862 crores and an offer for sale of 856.138 crores. The allocation of shares is structured as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
Emmvee Photovoltaic Power IPO will be listed on both the BSE and NSE.
Lead Managers and Registrar
The IPO is being managed by:
- Jm Financial Limited
- Iifl Capital Services Limited
- Jefferies India Private Limited
- Kotak Mahindra Capital Company Limited
The registrar for the IPO is KFin Technologies Limited.
Conclusion
Emmvee Photovoltaic Power IPO presents a significant opportunity to invest in a growing solar energy company. Stay tuned for updates on the IPO dates and other key details to make an informed investment decision.