MV Electrosystems IPO
MV Electrosystems IPO
Overview
MV Electrosystems IPO is a book build issue of ₹290.00 crores. The issue is entirely a fresh issue of 0.68 crore shares of ₹290.00 crore. MV Electrosystems IPO opens for subscription on Jul 30, 2026 and closes on Aug 3, 2026. The allotment for the MV Electrosystems IPO is expected to be finalized on Aug 4, 2026. MV Electrosystems IPO will list on NSE and BSE with a tentative listing date fixed as Aug 6, 2026. MV Electrosystems IPO is set issue price band at ₹400 to ₹425 per share. The lot size for an application is 34 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,450 (34 shares) (based on upper price). Sundae Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
68,23,528
Issue Size
₹290 Cr
Price Band
₹400 – ₹425
Lot Size
34 shares
Min. Investment
₹14,450
Max. Investment
₹14,450
Open Date
30 Jul, 2026
Close Date
03 Aug, 2026
Allotment
04 Aug, 2026
Listing
06 Aug, 2026
Max. Investment
₹14,450
Announced
30 Jul, 2026
Opening Date
30 Jul, 2026
Closing Date
03 Aug, 2026
Basis of Allotment
04 Aug, 2026
Initiation of Refunds
05 Aug, 2026
Credit of Shares
05 Aug, 2026
Listing Date
06 Aug, 2026
Live GMP
Est. Listing: ₹529
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About MV Electrosystems IPO
Incorporated in 2009, MV Electrosystems Ltd. is engaged in engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems.
The company operate within India’s rail infrastructure transi
MV Electrosystems IPO Share Price
Issue Breakdown
Shareholding
Dilution: 33.4% increase in shares
MV Electrosystems IPO Financial Health
MV Electrosystems Ltd.'s revenue decreased by 23% and profit after tax (PAT) dropped by 1000% between the financial year ending with March 31, 2026 and March 31, 2025.
MV Electrosystems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| - | - | - | - |
(All values in CR)
MV Electrosystems IPO Valuations
| Metric | Value |
|---|---|
| ROE | -31.55 |
| ROCE | -17.69 |
| Debt/Equity | 0.80 |
| RoNW | -20.29 |
| PAT Margin | -25.36 |
| EBITDA Margin | -19.97 |
| Price to Book Value | 13.90 |
(All values in CR)
MV Electrosystems IPO Strength & Risk
MV Electrosystems IPO: Strengths
- Technology-driven company specializing in railway power electronics and propulsion systems.
- Strong in-house research, design, and development capabilities with a DSIR-recognized R&D centre.
- Manufactures critical railway products, including IGBT-based propulsion equipment, traction converters, and control systems.
- Commercial supplies to Indian Railways have commenced after receiving product approvals, creating long-term growth opportunities.
- 100% fresh issue, with no Offer for Sale (OFS), ensuring the proceeds are used for business growth.
- Expected to benefit from increasing investment in railway modernization and the Make in India initiative.
- IPO proceeds will support working capital and R&D, strengthening future expansion plans.
MV Electrosystems IPO: Risks
- Reported a net loss and decline in revenue in FY26, raising concerns over near-term financial performance.
- Business is highly dependent on orders from the railway sector and government spending.
- Outstanding borrowings could impact cash flows if not managed efficiently.
- Ongoing legal proceedings and contingent liabilities may adversely affect the business.
- Manufacturing operations are concentrated in Haryana, exposing the company to regional risks.
- Dependence on successful commercialization of new products and continued regulatory approvals.
- Any slowdown in railway capital expenditure or delays in project execution could affect future growth.
MV Electrosystems IPO GMP
MV Electrosystems IPO last GMP is ₹104, last updated Jul 28th 2026 11:02 AM. With the upper price band of ₹425.00, MV Electrosystems IPO's estimated listing price is ₹529 (cap price + today's GMP). The expected percentage gain/loss per share is 24.47%. >> MV Electrosystems IPO Retail Subject to Sauda: ₹2700 >> MV Electrosystems IPO Small HNI Subject to Sauda: ₹37800 During this period, the GMP ranged from a low of ₹60.00 to a high of ₹104.00.
Last updated 28 Jul, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 28 Jul, 2026 | 425 | ₹104▲ | - | ₹529 (24.47%) | 3536 | 28 Jul, 2026 |
| 27 Jul, 2026 | 425 | ₹100▲ | - | ₹525 (23.53%) | 3400 | 27 Jul, 2026 |
| 26 Jul, 2026 | 0 | ₹75▲ | - | ₹75 (0.00%) | - | 26 Jul, 2026 |
| 25 Jul, 2026 | 0 | ₹60 | - | ₹60 (0.00%) | - | 25 Jul, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for MV Electrosystems IPO
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Find MV Electrosystems IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.