Emmvee Photovoltaic IPO Allotment Released: GMP At Rs. 0 Despite 100% Subscription; Check Status Now

The allotment status for the Emmvee Photovoltaic Power Ltd IPO has been finalised today, November 14 and investors who subscribed to one of the largest solar manufacturing issues of the year can now check whether they have received shares or not.

The Rs. 2,900-crore issue by Emmvee Photovoltaic Power received a moderate response, closing with an overall subscription of 1.02 times. The retail segment subscribed 1.16 times, while Qualified Institutional Buyers (QIBs) subscribed 1.33 times. However, the NII category saw a weak response at 0.32 times.

With a price band of Rs. 206- Rs. 217 per share, the grey market premium for the IPO stood at Rs. 0 as of this afternoon, suggesting a flat listing around Rs. 217, unless sentiment improves ahead of debut. The absence of GMP movement could mean that the market is waiting to assess long-term demand in the solar manufacturing segment before showing enthusiasm.

Refunds, Share Credit & Listing Schedule

According to the IPO timeline, refunds for non-allottees will be initiated on November 17 while the Allotted shares will be credited to demat accounts the same day. Emmvee Photovoltaic Power shares will debut on the NSE and BSE on November 18th.

How to Check Emmvee Photovoltaic IPO Allotment Status

applicants can now check whether they have received shares through the registrar KFin Technologies, as well as on the NSE and BSE websites using their PAN or application details. One must ensure that their PAN details are entered correctly to avoid errors during the search.

Via NSE Website

Step 1: Visit the NSE portal
Step 2: Go to Market Data & select Equity IPO/Offer for Sale
Step 3: Click the allotment link for Emmvee Photovoltaic Power
Step 4: Enter your PAN and hit Search

Via BSE Website

Step 1: Visit bseindia.com
Step 2: Go to Equity & select IPO, then IPO Allotment Status
Step 3: Select Emmvee Photovoltaic Power IPO
Step 4: Enter your PAN to view results

KFin Technologies (Registrar Website)

Step 1: Go to kfintech.com
Step 2: Open the IPO / Allotment section
Step 3: Select Emmvee Photovoltaic Power Ltd IPO
Step 4: Enter PAN / application number / DP ID
Step 5: Submit to check whether you were allotted shares