MV Electrosystems

MV Electrosystems IPO

Listed

MainboardOpens 30 July 2026Closes 3 August 2026

MV Electrosystems Limited, incorporated in 2009, is an engineering-driven manufacturer specializing in complex electronic, electromechanical, and power systems tailored for railway rolling stock. Operating out of its…

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Live GMPSubscriptionAllotment
Price band
₹400 - ₹425
Issue size
₹290 Cr
Lot size
34 shares
Type
Mainboard
GMP
₹109 (+25.6%)
Est. listing
₹534
Est. profit / app
₹3,706
Retail quota
10.00%

Key ratios

As per RHP / filings
Face value
₹5
EPS
-6.17
P/E ratio
-68.88
RoNW
-20.29%
ROE
-31.55%
Debt / Equity
0.8
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Timeline

IPO Opens

30 Jul

IPO Closes

3 Aug

Allotment

4 Aug

Listing

6 Aug

IPO Timeline & Listing Details

EventDate
IPO Open Date30 July 2026
IPO Close Date3 August 2026
Allotment Date4 August 2026
Listing Date6 August 2026

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,450
Retail (Max)Just less than ₹2,00,000
13₹1,87,850
SHNI (Min)Just above ₹2,00,000
14₹2,02,300
SHNI (Max)Below ₹10,00,000
69₹9,97,050
BHNIAbove ₹10,00,000
70₹10,11,500

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)75.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail10.00%
Total100.00%

IPO Objectives

  • Funding long-term working capital requirements of the Company (₹180.00 Cr).
  • Investment in research, design, and development activities for new power electronic equipment (₹21.00 Cr).
  • General corporate purpose.

Strengths

  • The company builds a High-Barrier Railway Niche, commanding strong in-house R&D capabilities in Faridabad to engineer safety-critical propulsion and power control systems for the Indian Railways
  • It is backed by a Substantial Order Book Backing, holding a massive pending order pipeline valued at ₹921.64 Crores as of June 30, 2026, which offers powerful long-term revenue visibility.
  • The offering commands Healthy Unlisted Gray Market Momentum, with the parallel grey market premium (GMP) trading actively at ₹106, projecting an estimated 24.94% listing gain.
  • The issue utilizes a Pure Fresh Issue Capitalization, where the entire ₹290.00 Cr size is structured as fresh capital with zero secondary promoter cash-outs.

Weaknesses

  • The firm suffered a Severe Financial Deterioration in FY26, reporting a net loss of -₹12.63 Crores alongside a 23% drop in top-line total income (down to ₹49.79 Cr) [1.4.1].
  • The operations register Negative Return Metrics, reflecting deeply negative operational returns including an ROE of -31.55% and a PAT margin of -25.36% for FY26.
  • The business model demands a Disproportionate Working Capital Demand, asking for ₹180.00 Crores for working capital—an amount significantly larger than the company's entire total asset base of ₹145.74 Cr.
  • The stock is priced at Negative Valuation Multiples, trading at a negative P/E ratio due to trailing losses, which makes the ₹425 upper price band look incredibly expensive on historical fundamentals.
  • The structure enforces a Capped Retail Allocation Quota, restricting the retail individual block to a maximum of 10% of the Net Issue, which leads to an extremely tight allotment probability.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)145.7474.1265.58
Revenue (₹ Cr.)49.7964.6450.57
PAT (₹ Cr.)-12.631.40.56
Net Worth (₹ Cr.)62.5717.9116.53

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
MV Electrosystems Ltd.13.9-68.88-31.55%62.57
HiRect Limited15.29122.1818.51%60.69

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.87x0.97x96.13x
NII4x16.76x397.99x
S-HNI6.2x23.28x354.63x
B-HNI2.89x13.49x419.67x
RII12.68x42.28x218.25x
Total3.87x12.79x200.66x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB20,47,06019,67,74,0488,362.9
NII10,23,52940,73,51,07617,312.42
Small NII3,41,17612,09,90,1225,142.08
Big NII6,82,35328,63,60,95412,170.34
RII6,82,35314,89,25,2706,329.32
Total37,52,94275,30,50,39432,004.64
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Company Details

Registrar Details

Frequently Asked Questions

What does MV Electrosystems do?
MV Electrosystems manufactures IGBT-based propulsion systems, switchgear panels, and power electronic equipment for Indian Railways, electric locomotives, and rolling stock.
What are the IPO dates for MV Electrosystems IPO?
The MV Electrosystems IPO will open for subscription on July 30, 2026, and close on August 3, 2026.
What is the price band and minimum investment for MV Electrosystems IPO?
The MV Electrosystems IPO price band is fixed at ₹400 to ₹425 per share. Retail investors need to apply for a minimum of 1 lot (34 shares), requiring an investment of ₹14,450 at the upper price band.
What is the issue size of MV Electrosystems IPO?
The MV Electrosystems IPO issue size is ₹497.45 crore, comprising a fresh issue of ₹497.45 crore with no Offer for Sale (OFS).
What is the MV Electrosystems IPO GMP today?
As of July 28, 2026, the MV Electrosystems IPO Grey Market Premium (GMP) is around ₹106 per share, indicating an estimated listing price of about ₹531 and a potential listing gain of around 24.94%.
What is the MV Electrosystems IPO listing date?
MV Electrosystems IPO is expected to list on BSE and NSE on August 6, 2026.

MV Electrosystems IPO News & Updates

Follow the latest updates for MV Electrosystems IPO, including grey market moves and allotment news.

MV Electrosystems IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

MV Electrosystems IPO Details

Issue size, price, financials, and company info

MV Electrosystems IPO GMP

Live grey market premium and listing estimate

MV Electrosystems IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

MV Electrosystems IPO Allotment

Allotment date, chances, and check by PAN

MV Electrosystems IPO Review

SWOT, strengths, risks, and IPO review

MV Electrosystems IPO FAQ

Common questions on dates, GMP, and allotment

MV Electrosystems IPO Registrar

Registrar website and how to check allotment

MV Electrosystems IPO Timeline

Open, close, allotment, and listing dates

MV Electrosystems IPO News

Updates, blogs, and latest IPO news

Sources

We match MV Electrosystems IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Kfin Technologies Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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