Emmvee Photovoltaic IPO vs Skyways Air IPO

Comparison between Emmvee Photovoltaic IPO and Skyways Air IPO.

IPO Details

Emmvee Photovoltaic IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Skyways Air 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 Skyways Air IPO is up to ₹0.00 Cr. The final issue price of Emmvee Photovoltaic IPO is ₹217.00 per share and of Skyways Air IPO is .

 Emmvee Photovoltaic IPOSkyways Air IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹206.00 per share
Issue Price (Upper)₹217.00 per share
Issue Price (Final)₹217.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size69 shares
Fresh Issue Size9,87,95,483 shares2,88,98,300 shares
Fresh Issue Size (Amount)up to ₹2,143.86 Crup to ₹0.00 Cr
OFS Issue Size3,48,45,069 shares1,33,33,300 shares
OFS Issue Size (Amount)up to ₹756.14 Crup to ₹0.00 Cr
Issue Size Total13,36,40,552 shares4,22,31,600 shares
Issue Size Total (Amount)up to ₹2,900.00 Crup to ₹0.00 Cr

IPO Timetable

Emmvee Photovoltaic IPO opens on Nov 11, 2025, while Skyways Air IPO opens on . The closing date of Emmvee Photovoltaic IPO and Skyways Air IPO is Nov 13, 2025, and , respectively.

Financials & KPIs

Emmvee Photovoltaic IPO P/E ratio is 34.9, as compared to Skyways Air IPO P/E ratio of .

 Emmvee Photovoltaic IPOSkyways Air 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)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,313.581,321.64790.35448.29
Total Income1,340.722,270.991,316.811,496.11
Profit After Tax25.4648.1434.4937.90
EBITDA57.1586.4948.3458.71
NET Worth305.07247.14154.26125.19
Total Borrowing577.05558.43357.34175.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.2281.97
Promoter Shareholding (Post-Issue)80.03
P/E Ratio34.9
Market Cap₹15023.89 Cr.
ROE104.60%19.52%
ROCE23.33%14.61%
Debt/Equity3.63
EPS₹6.22₹4.13
RoNW69.44%15.85%

Shares Offered

In the Emmvee Photovoltaic IPO Retail Individual Investors (RII) are offered 1,33,64,055 shares while in Skyways Air 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 84,32,000 shares in Skyways Air IPO.

 Emmvee Photovoltaic IPOSkyways Air IPO
Anchor Investor Reservation6,01,38,249 shares1,26,48,000 shares
Market Maker Reservation0 shares0 shares
QIB4,00,92,166 shares84,32,000 shares
NII2,00,46,082 shares63,51,600 shares
RII1,33,64,055 shares1,48,00,000 shares
Employee0 shares0 shares
Others
Total13,36,40,552 shares4,22,31,600 shares

Bids Received (Subscription)

Emmvee Photovoltaic IPO subscribed 0.97x in total, whereas Skyways Air IPO subscribed .

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Emmvee Photovoltaic IPO Vs Skyways Air IPO