Emmvee Photovoltaic Power Ltd Share Price

Emmvee Photovoltaic Power Limited was originally incorporated as 'Emmvee Toughened Glass and Photovoltaics Private Limited' as a private limited company, dated March 21, 2007. Pursuant to a change in the name of the Company to 'Emmvee Photovoltaic Power Private Limited', a fresh Certificate of incorporation dated November 10, 2010, was issued by the RoC. Subsequently, the status converted to a public Company and the name has changed to 'Emmvee Photovoltaic Power Limited' dated May 7, 2025 issued by the Central Processing Centre, MCA, Haryana. The Company is primarily engaged in manufacturing and sale of solar cells, photovoltaic modules and photovoltaic systems by using solar cell and PV module manufacturing facilities. Further, it executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants. The customers include independent power producers (IPPs), entities operating in the commercial and industrial (C&I) sector and engineering, procurement and construction (EPC) service providers in both public and private sectors. Company operate four manufacturing units across two locations in Karnataka. The product portfolio comprises bifacial and mono-facial formats of TOPCon modules and cells, and Mono PERC modules. Company has a solar PV module production capacity of 7.80 GW and a solar cell production capacity of 2.94 GW, with a track record of over 18 years. The Company commenced commercial production of solar PV modules at Unit I in 2007 and the commercial production of solar cells at Unit III in 2024. Over the years, it has expanded the solar PV module production capacity from 0.50 GW as of April 1, 2022 to 7.80 GW as of May 31, 2025, and have established a solar cell production capacity of 2.94 GW as of May 31, 2025. Company in the process of adding a 2.50 GW module production capacity line at the upcoming unit in Sulibele, Bengaluru, Karnataka, which is expected to be operational in 2026. On November 13, 2025 the Company came up with the IPO by issuing 133,640,552 equity shares of Rs 2 each and raised capital aggregating to Rs 2900 crore, which comprises a fresh issue of 98,795,483 equity shares aggregating to Rs 2144 crore and the offer for sale of 34,845,069 equity shares aggregating to Rs 756 crore. In May 2025, the Company commissioned 2.5 GW module facility at Sulibele, Bengaluru taking total module installed capacity to 10.3 GW. It further commissioned a 2nd module line of 2.5 GW at Devanahalli in Dec'25.