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Issue Open Date
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11-Nov-25
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Issue Closing Date
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13-Nov-25
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Application Money
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100
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Allotment Money
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Price Band
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206
-
217
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Minimium Application No.
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69
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Issue Size (Shares)
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77427183
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Market Lot
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1
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Objective
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1. Repayment/ prepayment, in full or part, of all or certain outstanding borrowings and accrued interest thereon availed by our Company and our Material Subsidiary; and2. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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21116504
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6322194
|
0.299395865906591
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Qualified Institutional Buyers
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42233010
|
53196792
|
1.2596021926924
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Retail Individual Investors
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14077669
|
15525552
|
1.10284962659656
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|
|
|
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Business Description
We are the second largest pure-play integrated solar photovoltaic (“PV”) module and solar cell manufacturing company andone of the largest solar PV module manufacturers in India, each in terms of production capacity as of March 31, 2025. (Source:Crisil Report) As of May 31, 2025, we have a solar PV module production capacity of 7.80 GW and a solar cell productioncapacity of 2.94 GW, with a track record of over 18 years. In addition, we are one of the first companies in India to adopt higherefficiency tunnel oxide passivated contact (“TOPCon”) technology to manufacture solar cells, and are among a limited numberof solar cell manufacturers in India as of March 2025 to leverage this technology. (Source: Crisil Report) We are currently inthe process of adding a 2.50 GW solar PV module production capacity line, and we intend to add a 6.00 GW integrated solarcell and solar PV module production capacity, pursuant to which we aim to increase our solar PV module production capacityto 16.30 GW and solar cell production capacity to 8.94 GW by the first half of Fiscal 2028.
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Promoter's Holding
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Total Share Capital
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593549548
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Offered to Public
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77427183
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|
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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80.03
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Address |
13/1
International Airport Road
Bettahalasur Post
Bengaluru,
Karnataka,
562157
Phone : 080 22174524
Email : investorrelations@emmvee.in
Website : www.emmveepv.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
IIFL Capital Services Ltd.
Jefferies India Pvt Ltd.
JM Financial Ltd.
Kotak Mahindra Capital Co Ltd
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Promoters |
Manjunatha Donthi Venkatarathnaiah
Shubha Manjunatha Donthi
Suhas Donthi Manjunatha
Sumanth Manjunatha Donthi
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|
