Emmvee Photovoltaic Power IPO GMP History
Emmvee Photovoltaic Power IPO has been listed on November 18, 2025 at a listing price of ₹217, against the issue price of ₹217 — a gain of ₹0 (+0%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Emmvee Photovoltaic Power IPO raised ₹2900 Cr. through its IPO at a price band of ₹₹206 to ₹217 per share, with a lot size of 69 shares. The IPO was open for subscription from 11 Nov 2025 to 13 Nov 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 27 Aug, 12:01 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Emmvee Photovoltaic Power IPO dates
Key dates from opening to listing. Today is 3 October.
- Open 11 Nov 2025
- Close 13 Nov 2025
- Allotment 14 Nov 2025
- Refund/credit 17 Nov 2025
- Listing 18 Nov 2025
Emmvee Photovoltaic Power IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹217 |
|---|---|
| Listing gain / loss | +₹0 per share |
| Listing date | 18 Nov, 2025 |
| Actual listing price | ₹217 (+0%) |
Is Emmvee Photovoltaic Power IPO GMP reliable?
Grey market premium for Emmvee Photovoltaic Power IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Emmvee Photovoltaic Power IPO full review for a fundamentals-based assessment before making any grey market trades.
Emmvee Photovoltaic Power IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Emmvee Photovoltaic Power IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Emmvee Photovoltaic Power IPO
Emmvee Photovoltaic Power Limited was established in 1992 and is part of the Emmvee Group, founded by D. V. Manjunatha. The company began its journey by manufacturing solar water heating systems and later expanded into solar photovoltaic modules as demand for renewable energy grew in India and overseas markets. Over the years, Emmvee has built a strong presence in the solar energy sector, catering to both domestic and international clients, particularly in Europe. Its long operational history and focus on quality manufacturing have helped it establish credibility in a competitive industry.
The company is primarily engaged in the manufacturing of solar photovoltaic modules along with providing engineering, procurement and construction (EPC) services for solar power projects. Its business model is a mix of product sales and turnkey project execution, serving independent power producers, commercial and industrial clients, and government projects. Emmvee focuses on high-efficiency modules and customised solar solutions, aiming to benefit from the increasing shift towards renewable energy. By combining manufacturing capabilities with project execution, the company seeks to maintain steady growth and long-term client relationships.
Frequently asked
What is the GMP of Emmvee Photovoltaic Power IPO?
The current Grey Market Premium (GMP) of Emmvee Photovoltaic Power IPO is not yet started or active in the market.
What is the Kostak Price of Emmvee Photovoltaic Power IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Emmvee Photovoltaic Power IPO is not available.
What is the Subject to Sauda Price of Emmvee Photovoltaic Power IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Emmvee Photovoltaic Power IPO?
Emmvee Photovoltaic Power IPO listed on November 18, 2025 at ₹217, against the issue price of ₹217 — a gain of +0%.
How did the GMP of Emmvee Photovoltaic Power IPO trend before listing?
The GMP of Emmvee Photovoltaic Power IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Emmvee Photovoltaic Power IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
