Description

NSE circular announcing the listing of 692,345,033 equity shares of Emmvee Photovoltaic Power Limited on the Capital Market segment effective November 18, 2025, with issue price of Rs. 217 per share.

Summary

National Stock Exchange of India has announced the listing of equity shares of Emmvee Photovoltaic Power Limited on the Capital Market segment effective November 18, 2025. The company’s shares will trade under the symbol “EMMVEE” with ISIN INE1C6T01020. A total of 692,345,033 equity shares with face value of Rs. 2 each have been issued at Rs. 217 per share. The security will participate in the pre-open session for IPO category as per SEBI guidelines.

Key Points

  • Symbol: EMMVEE
  • Series: EQ (Equity)
  • ISIN: INE1C6T01020
  • Face Value: Rs. 2 per share
  • Issue Price: Rs. 217 per share
  • Total Securities: 692,345,033 equity shares
  • Market Lot: 1 share
  • Listing Date: November 18, 2025
  • Pre-open Session: Applicable for IPO category
  • Lock-in Period: Various lock-in periods ranging from free to November 19, 2028 as per Annexure I

Regulatory Changes

No regulatory changes introduced. This circular implements existing listing regulations:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A for admission to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot size specification
  • SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 for pre-open session

Compliance Requirements

  • Members: Must use designated security code “EMMVEE” for trading identification
  • Trading: Must be conducted in specified lot size of 1 share
  • Pre-open Session: Security will participate in pre-open session for IPO category
  • Lock-in Compliance: Various tranches have specific lock-in periods that must be observed:
    • 34,845,069 shares: Free from lock-in
    • Multiple tranches with lock-in dates ranging from December 13, 2025 to November 19, 2028

Important Dates

  • Circular Issue Date: November 17, 2025
  • Effective Date: November 18, 2025
  • Listing Date: November 18, 2025
  • Financial Year: April 2025 - March 2026
  • Lock-in Expiry Dates:
    • December 13, 2025
    • February 11, 2026
    • May 7, 2026
    • May 19, 2026
    • November 19, 2026
    • November 19, 2028

Impact Assessment

Market Impact: Medium positive impact as the listing adds a new security in the renewable energy/photovoltaic sector to NSE’s Capital Market segment. With 692.3 million shares at issue price of Rs. 217, this represents substantial market capitalization entering the exchange.

Sector Impact: Strengthens the renewable energy sector representation on NSE, providing investors with another option in the solar photovoltaic manufacturing space.

Trading Impact: The market lot of 1 share provides high accessibility for retail investors. The pre-open session will help establish price discovery on the first trading day.

Liquidity Considerations: Approximately 34.8 million shares (5%) are free from lock-in immediately, with staged unlock of remaining shares through 2028, which will gradually increase tradeable float.

Company Details:

  • Registered in Bengaluru, Karnataka (solar belt of India)
  • Registrar: KFin Technologies Limited
  • Company Secretary: Mr. Shailesha Barve
  • Investor relations contact established

Impact Justification

Standard IPO listing announcement for a renewable energy company. Medium impact as it adds a new tradeable security in the photovoltaic sector with significant market capitalization (692.3 million shares at Rs. 217 issue price).