Comparison between Emmvee Photovoltaic IPO and Shree Ram Twistex IPO.
Emmvee Photovoltaic IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Shree Ram Twistex IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Emmvee Photovoltaic IPO is up to ₹2,900.00 Cr whereas the issue size of the Shree Ram Twistex IPO is up to ₹110.24 Cr. The final issue price of Emmvee Photovoltaic IPO is ₹217.00 per share and of Shree Ram Twistex IPO is ₹104.00 per share.
| Emmvee Photovoltaic IPO | Shree Ram Twistex IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹206.00 per share | ₹95.00 per share |
| Issue Price (Upper) | ₹217.00 per share | ₹104.00 per share |
| Issue Price (Final) | ₹217.00 per share | ₹104.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 69 shares | 144 shares |
| Fresh Issue Size | 9,87,95,483 shares | 1,06,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹2,143.86 Cr | up to ₹110.24 Cr |
| OFS Issue Size | 3,48,45,069 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹756.14 Cr | up to ₹0.00 Cr |
| Issue Size Total | 13,36,40,552 shares | 1,06,00,000 shares |
| Issue Size Total (Amount) | up to ₹2,900.00 Cr | up to ₹110.24 Cr |
Emmvee Photovoltaic IPO opens on Nov 11, 2025, while Shree Ram Twistex IPO opens on Feb 23, 2026. The closing date of Emmvee Photovoltaic IPO and Shree Ram Twistex IPO is Nov 13, 2025, and Feb 25, 2026, respectively.
| Emmvee Photovoltaic IPO | Shree Ram Twistex IPO | |
|---|---|---|
| Anchor Bid Date | Nov 10, 2025 | Feb 20, 2026 |
| Issue Open | Nov 11, 2025 | Feb 23, 2026 |
| Issue Close | Nov 13, 2025 | Feb 25, 2026 |
| Basis Of Allotment (Tentative) | Nov 14, 2025 | Feb 26, 2026 |
| Initiation of Refunds (Tentative) | Nov 17, 2025 | Feb 27, 2026 |
| Credit of Share (Tentative) | Nov 17, 2025 | Feb 27, 2026 |
| Listing date (Tentative) | Nov 18, 2025 | Mar 02, 2026 |
| Anchor Lockin End date 1 | Dec 13, 2025 | Mar 28, 2026 |
| Anchor Lockin End date 2 | Feb 11, 2026 | May 27, 2026 |
Emmvee Photovoltaic IPO P/E ratio is 34.9, as compared to Shree Ram Twistex IPO P/E ratio of 38.21.
| Emmvee Photovoltaic IPO | Shree Ram Twistex IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.22 | 47.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 80.03 | 34.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 34.9 | 38.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹15023.89 Cr. | ₹415.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 104.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.33% | 13.37% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.63 | 0.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.22 | ₹2.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 69.44% | 11.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Emmvee Photovoltaic IPO Retail Individual Investors (RII) are offered 1,33,64,055 shares while in Shree Ram Twistex 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 79,50,000 shares in Shree Ram Twistex IPO.
| Emmvee Photovoltaic IPO | Shree Ram Twistex IPO | |
|---|---|---|
| Anchor Investor Reservation | 6,01,38,249 shares | 0 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 4,00,92,166 shares | 79,50,000 shares |
| NII | 2,00,46,082 shares | 15,90,000 shares |
| RII | 1,33,64,055 shares | 10,60,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 13,36,40,552 shares | 1,06,00,000 shares |
Emmvee Photovoltaic IPO subscribed 0.97x in total, whereas Shree Ram Twistex IPO subscribed 43.66x.
| Emmvee Photovoltaic IPO | Shree Ram Twistex IPO | |
|---|---|---|
| QIB (times) | 1.26x | 3.94x |
| NII (times) | 0.30x | 220.30x |
| Big NII (times) | 0.19x | 240.94x |
| Small NII (times) | 0.51x | 179.00x |
| RII (times) | 1.10x | 76.63x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 0.97x | 43.66x |
