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Subscription Status · Nov 11 – Nov 13, 2025 · ₹206–217
The Emmvee Photovoltaic IPO subscription has recorded moderate investor demand with an overall subscription of 0.97× as of Nov 18, 2025, indicating that investors applied for 0.97 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Nov 18, 2025, 11:15 AM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
42,233,010 | 53,196,792 |
1.26×
|
|
NII
Non-Institutional Investors
|
21,116,504 | 6,322,194 |
0.30×
|
|
bNII
Bids above ₹10L
|
14,077,670 | 2,705,697 |
0.19×
|
|
sNII
Bids below ₹10L
|
7,038,834 | 3,616,497 |
0.51×
|
|
Retail
Retail Individual Investors
|
14,077,669 | 15,525,552 |
1.10×
|
|
Total
|
77,427,183 | 75,044,538 |
0.97×
|
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 42,233,010 | 53,196,792 | 1.26× |
| NII | 21,116,504 | 6,322,194 | 0.30× |
| bNII | 14,077,670 | 2,705,697 | 0.19× |
| sNII | 7,038,834 | 3,616,497 | 0.51× |
| Retail | 14,077,669 | 15,525,552 | 1.10× |
| Total | 77,427,183 | 75,044,538 | 0.97× |
As of November 18, 2025, the Emmvee Photovoltaic IPO has been subscribed 0.97 times overall. The IPO subscription is below 1×.
The Emmvee Photovoltaic IPO subscription window was open from November 11, 2025 to November 13, 2025. Investors could apply through their demat account or ASBA facility.
The Emmvee Photovoltaic IPO has a price band of ₹206 to ₹217 per share, with a lot size of 69 shares. Minimum retail investment: ₹14,214 (lower band) or ₹14,973 (upper band).
The QIB category has been subscribed 1.26 times. QIBs were offered 42,233,010 shares.
Retail investors subscribed 1.10 times. Retail was offered 14,077,669 shares.
Overall NII: 0.30×. bNII (>₹10L): 0.19×, sNII (<₹10L): 0.51×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on November 14, 2025. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Emmvee Photovoltaic IPO is expected to list on November 18, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 0.97× means investors have bid for 0.97 times the total shares available. The IPO is not yet fully subscribed, applicants have a higher probability of receiving full allotment.
Based on the current retail subscription of 1.10×, the estimated allotment probability for retail investors is Good. Decent chance of full allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Emmvee Photovoltaic IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Nov 11 to Nov 13, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Emmvee Photovoltaic IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Nov 11, 2025Subscription Closes Done
Nov 13, 2025Basis of Allotment Done
Nov 14, 2025Listing on NSE,BSE Done
Nov 18, 2025Decent chance of full allotment. Based on retail subscription of 1.10×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
