Emmvee Photovoltaic Power Limited has secured approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO).
The company had filed its draft red herring prospectus in July 2025, seeking to raise approximately Rs 30 billion through the offering. The IPO will comprise a fresh issue of shares worth Rs 21.43 billion and an offer for sale of shares valued at Rs 8.56 billion by existing promoters.