Emmvee Photovoltaic IPO vs ICICI Prudential AMC IPO

Comparison between Emmvee Photovoltaic IPO and ICICI Prudential AMC IPO.

IPO Details

Emmvee Photovoltaic IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while ICICI Prudential AMC 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 ICICI Prudential AMC IPO is up to ₹10,602.65 Cr. The final issue price of Emmvee Photovoltaic IPO is ₹217.00 per share and of ICICI Prudential AMC IPO is ₹2,165.00 per share.

 Emmvee Photovoltaic IPOICICI Prudential AMC IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹206.00 per share₹2,061.00 per share
Issue Price (Upper)₹217.00 per share₹2,165.00 per share
Issue Price (Final)₹217.00 per share₹2,165.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size69 shares6 shares
Fresh Issue Size9,87,95,483 shares0 shares
Fresh Issue Size (Amount)up to ₹2,143.86 Crup to ₹0.00 Cr
OFS Issue Size3,48,45,069 shares4,89,72,994 shares
OFS Issue Size (Amount)up to ₹756.14 Crup to ₹10,602.65 Cr
Issue Size Total13,36,40,552 shares4,89,72,994 shares
Issue Size Total (Amount)up to ₹2,900.00 Crup to ₹10,602.65 Cr

IPO Timetable

Emmvee Photovoltaic IPO opens on Nov 11, 2025, while ICICI Prudential AMC IPO opens on Dec 12, 2025. The closing date of Emmvee Photovoltaic IPO and ICICI Prudential AMC IPO is Nov 13, 2025, and Dec 16, 2025, respectively.

 Emmvee Photovoltaic IPOICICI Prudential AMC IPO
Anchor Bid DateNov 10, 2025Dec 11, 2025
Issue OpenNov 11, 2025Dec 12, 2025
Issue CloseNov 13, 2025Dec 16, 2025
Basis Of Allotment (Tentative)Nov 14, 2025Dec 17, 2025
Initiation of Refunds (Tentative)Nov 17, 2025Dec 18, 2025
Credit of Share (Tentative)Nov 17, 2025Dec 18, 2025
Listing date (Tentative)Nov 18, 2025Dec 19, 2025
Anchor Lockin End date 1Dec 13, 2025Jan 15, 2026
Anchor Lockin End date 2Feb 11, 2026Mar 16, 2026

Financials & KPIs

Emmvee Photovoltaic IPO P/E ratio is 34.9, as compared to ICICI Prudential AMC IPO P/E ratio of 40.37.

 Emmvee Photovoltaic IPOICICI Prudential AMC 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)

ICICI Prudential Asset Management Co.Ltd.'s revenue increased by 32% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202530 Sep 202431 Mar 202431 Mar 2023
Assets4,827.344,383.684,096.743,554.092,804.76
Total Income2,949.614,979.672,458.233,761.212,838.18
Profit After Tax1,617.742,650.661,327.112,049.731,515.78
EBITDA2,210.103,636.991,837.552,780.012,072.58
NET Worth3,921.563,516.943,272.282,882.842,313.06
Reserves and Surplus3,903.913,432.853,254.632,798.752,228.97
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.22100
Promoter Shareholding (Post-Issue)80.0390.09
P/E Ratio34.940.37
Market Cap₹15023.89 Cr.₹107006.97 Cr.
ROE104.60%82.8%
ROCE23.33%
Debt/Equity3.63
EPS₹6.22₹53.63
RoNW69.44%82.8%

Shares Offered

In the Emmvee Photovoltaic IPO Retail Individual Investors (RII) are offered 1,33,64,055 shares while in ICICI Prudential AMC 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 93,04,869 shares in ICICI Prudential AMC IPO.

 Emmvee Photovoltaic IPOICICI Prudential AMC IPO
Anchor Investor Reservation6,01,38,249 shares1,39,57,303 shares
Market Maker Reservation0 shares0 shares
QIB4,00,92,166 shares93,04,869 shares
NII2,00,46,082 shares69,78,652 shares
RII1,33,64,055 shares1,62,83,521 shares
Employee0 shares0 shares
Others
Total13,36,40,552 shares4,89,72,994 shares

Bids Received (Subscription)

Emmvee Photovoltaic IPO subscribed 0.97x in total, whereas ICICI Prudential AMC IPO subscribed 39.17x.

 Emmvee Photovoltaic IPOICICI Prudential AMC IPO
QIB (times)1.26x123.87x
NII (times)0.30x22.04x
Big NII (times)0.19x25.42x
Small NII (times)0.51x15.28x
RII (times)1.10x2.53x
Employee (times)
Other (times)
Total (times)0.97x39.17x

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Emmvee Photovoltaic IPO Vs ICICI Prudential AMC IPO