Emmvee Photovoltaic IPO vs Meesho IPO

Comparison between Emmvee Photovoltaic IPO and Meesho IPO.

IPO Details

Emmvee Photovoltaic IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Meesho IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Emmvee Photovoltaic IPO is up to ₹2,900.00 Cr whereas the issue size of the Meesho IPO is up to ₹5,421.20 Cr. The final issue price of Emmvee Photovoltaic IPO is ₹217.00 per share and of Meesho IPO is ₹111.00 per share.

 Emmvee Photovoltaic IPOMeesho IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹206.00 per share₹105.00 per share
Issue Price (Upper)₹217.00 per share₹111.00 per share
Issue Price (Final)₹217.00 per share₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size69 shares135 shares
Fresh Issue Size9,87,95,483 shares38,28,82,882 shares
Fresh Issue Size (Amount)up to ₹2,143.86 Crup to ₹4,250.00 Cr
OFS Issue Size3,48,45,069 shares10,55,13,839 shares
OFS Issue Size (Amount)up to ₹756.14 Crup to ₹1,171.20 Cr
Issue Size Total13,36,40,552 shares48,83,96,721 shares
Issue Size Total (Amount)up to ₹2,900.00 Crup to ₹5,421.20 Cr

IPO Timetable

Emmvee Photovoltaic IPO opens on Nov 11, 2025, while Meesho IPO opens on Dec 03, 2025. The closing date of Emmvee Photovoltaic IPO and Meesho IPO is Nov 13, 2025, and Dec 05, 2025, respectively.

 Emmvee Photovoltaic IPOMeesho IPO
Anchor Bid DateNov 10, 2025Dec 02, 2025
Issue OpenNov 11, 2025Dec 03, 2025
Issue CloseNov 13, 2025Dec 05, 2025
Basis Of Allotment (Tentative)Nov 14, 2025Dec 08, 2025
Initiation of Refunds (Tentative)Nov 17, 2025Dec 09, 2025
Credit of Share (Tentative)Nov 17, 2025Dec 09, 2025
Listing date (Tentative)Nov 18, 2025Dec 10, 2025
Anchor Lockin End date 1Dec 13, 2025Jan 06, 2026
Anchor Lockin End date 2Feb 11, 2026Mar 07, 2026

Financials & KPIs

Emmvee Photovoltaic IPO P/E ratio is 34.9, as compared to Meesho IPO P/E ratio of -11.63.

 Emmvee Photovoltaic IPOMeesho IPO
Financials

Company Financials (Restated Consolidated)

Emmvee Photovoltaic Power Ltd.'s revenue increased by 147% and profit after tax (PAT) rose by 1177% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets4,347.723,913.942,189.99840.79
Total Income1,042.222,360.33954.44644.37
Profit After Tax187.68369.0128.908.97
EBITDA347.38721.94120.4456.27
NET Worth718.79531.41162.77133.97
Reserves and Surplus608.83529.37160.73131.93
Total Borrowing2,032.111,949.691,441.30519.62
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Meesho Ltd.'s revenue increased by 26% and profit after tax (PAT) dropped by 1103% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets6,640.397,226.094,160.993,853.35
Total Income5,857.699,900.907,859.245,897.69
Profit After Tax-700.72-3,941.71-327.64-1,671.90
EBITDA-551.87-219.59-230.15-1,693.73
NET Worth968.871,561.882,301.642,548.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.2218.51
Promoter Shareholding (Post-Issue)80.0314.6
P/E Ratio34.9-11.63
Market Cap₹15023.89 Cr.₹50095.75 Cr.
ROE104.60%
ROCE23.33%
Debt/Equity3.63
EPS₹6.22₹-9.54
RoNW69.44%-252.37%

Shares Offered

In the Emmvee Photovoltaic IPO Retail Individual Investors (RII) are offered 1,33,64,055 shares while in Meesho IPO retail investors are offered 1,33,64,055 shares. Qualified Institutional Buyers (QIB) are offered 4,00,92,166 shares in Emmvee Photovoltaic IPO and 14,65,19,017 shares in Meesho IPO.

 Emmvee Photovoltaic IPOMeesho IPO
Anchor Investor Reservation6,01,38,249 shares21,97,78,524 shares
Market Maker Reservation0 shares0 shares
QIB4,00,92,166 shares14,65,19,017 shares
NII2,00,46,082 shares7,32,59,508 shares
RII1,33,64,055 shares4,88,39,672 shares
Employee0 shares0 shares
Others
Total13,36,40,552 shares48,83,96,721 shares

Bids Received (Subscription)

Emmvee Photovoltaic IPO subscribed 0.97x in total, whereas Meesho IPO subscribed 81.76x.

 Emmvee Photovoltaic IPOMeesho IPO
QIB (times)1.26x123.34x
NII (times)0.30x39.85x
Big NII (times)0.19x43.64x
Small NII (times)0.51x32.28x
RII (times)1.10x19.89x
Employee (times)
Other (times)
Total (times)0.97x81.76x

Compare with others

Compare:

Emmvee Photovoltaic IPO Vs Meesho IPO