· Mainboard · NSE, BSE
Price Band
₹400–425
Lot Size
34 shares
Issue Size
₹290 Cr
Min. Investment
₹14,450
Indicative, updates through the day
Cap price plus current GMP: ₹534 — arithmetic, not a forecast
MV Electrosystems IPO is a Mainboard issue that listed on NSE, BSE on 6 August 2026. The issue price band is fixed at ₹400–₹425 per equity share with a minimum market lot size of 34 shares, bringing the total issue size to ₹290 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,450.
The latest unlisted Grey Market Premium (GMP) for MV Electrosystems IPO is quoted at ₹109, representing a premium of approximately 25.65% over the upper price band of ₹425. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹534, and informal quotes have risen over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
As per the latest exchange feeds from BSE and NSE, MV Electrosystems IPO has been subscribed 200.22x overall — with QIB at 96.13x, NII at 397.72x, bNII at 419.67x, sNII at 353.83x, Retail at 216.24x, representing over 37,44,601 retail and institutional applications. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 34 shares (approx. ₹14,450 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 4 August 2026 and listing completed on 6 August 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹425
Listed At
₹520
Current Price
₹624
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 transition driven by mandated broad-gauge electrification, Make-inIndia procurement requirements and the expansion of the network, including upcoming high-speed corridors. MV Electrosystems Ltd. operates through integrated design, production, and quality-testing processes. The company emphasizes innovation, precision engineering, and client-centric solutions, enabling reliable performance and long-term value across diverse industries and product categories. The company has in-house Research, Design & Development Centre based at Plot No. 7, Site No. 2, 14/3, Mathura Road, Faridabad, Haryana, India is the technological backbone of our operations, dedicated to innovation, engineering and advancement of complex and high-performance power electronics and other railway systems. As of May 31, 2026. the company had 206 employees.
MV Electrosystems IPO raises ₹130.50 crore from anchor investors. MV Electrosystems IPO Anchor bid date is July 29, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 51,17,680 | 75% |
| − Anchor Investor | 30,70,587 | 45% |
| − QIB (Ex. Anchor) | 20,47,093 | 30% |
| NII (HNI) | 10,23,502 | 15% |
| − bNII > ₹10L | 6,82,335 | 10% |
| − sNII < ₹10L | 3,41,167 | 5% |
| Retail | 6,82,346 | 10% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,450 |
| Retail (Max) | 13 | 442 | ₹1,87,850 |
| S-HNI (Min) | 14 | 476 | ₹2,02,300 |
| S-HNI (Max) | 69 | 2346 | ₹9,97,050 |
| B-HNI (Min) | 70 | 2380 | ₹10,11,500 |
EPS (Pre IPO)
-6.17
EPS (Post IPO)
-ve
ROE
-20.29%
P/E (Pre IPO)
-68.88
P/E (Post IPO)
-ve
Price / Book
13.90
Market Cap
₹870Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Indo-MIM Ltd. | 44.01 | ₹3,812.11 Cr | |
| Lohia Corp Ltd. | 23.21 | ₹1,101.28 Cr | |
| Omnitech Engineering Ltd. | 54.47 | ₹583.00 Cr | |
| Epack Prefab Technologies Ltd. | 29.49 | ₹504.00 Cr | |
| Merritronix Ltd. | 11.83 | ₹70.03 Cr | |
| Adisoft Technologies Ltd. | 12.82 | ₹74.10 Cr |
MV Electrosystems Ltd. Address
KFin Technologies Ltd.