Emmvee Photovoltaic Power IPO — Date, Price Band, GMP & Allotment 2025

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.

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The Emmvee Photovoltaic Power company's financial performance (in ₹ Cr.) is summarized below:

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