MV Electrosystems IPO Allotment Status: How To Check Share Allocation Status On KFin Technologies, BSE, And NSE Website

The subscription window of MV Electrosystems' initial public offering (IPO) closed on August 3. The railway electrical and power electronics equipment manufacturer saw strong investor interest during its bidding period. Following the closing of the bidding window, the share allotment status for the MV Electrosystems IPO is scheduled to be finalised today on August 4.

MV Electrosystems IPO Subscription Details

MV Electrosystems’ public issue consists entirely of a fresh issue of 6.82 million shares, and the company seeks to raise Rs 290 crore through the public issue. The company is engaged in the design, development, and manufacturing of electrical and power electronics equipment used in railway rolling stock.

The equipment maker's public issue was subscribed 188.85 times as investors applied for 753.05 million shares compared to the 3.98 million shares offered for subscription. Notably 3.07 million shares from the total offer size of 6.82 million were allotted to anchor investors.

In the three-day bidding window, retail investors booked their quota 205.42 times, and non-institutional investors (NIIs) booked their quota 374.58 times. Qualified institutional buyers (QIBs) booked their quota 90.47 times.

MV Electrosystems IPO GMP

Ahead of the share allotment, MV Electrosystems shares were trading with a grey market premium (GMP) hovering around Rs 100 per share, according to websites which monitor the demand for unlisted shares. Based on the grey market trends, shares of MV Electrosystems are expected to list at approximately Rs 525 per share this week, offering a premium of roughly 23.53 per cent over the upper end of the price band.

MV Electrosystems IPO Allotment

Investors who applied for the MV Electrosystems IPO can check their share allotment status through the registrar KFin Technologies’ portal, or on the official BSE and NSE websites once the basis of allotment is finalised.

Steps To Check MV Electrosystems IPO Allotment on NSE

1. Visit the official NSE tracking page for IPO bids: nseindia.com/invest/check-trades-bids-verify-ipo-bids

2. Choose "Equity" under the issue type.

3. Find and select "MV Electrosystems" from the drop-down menu.

4. Input your Permanent Account Number (PAN) and IPO application number.

5. Click the Submit button to view your allotment status.

How To See MV Electrosystems IPO Allotment Status On BSE Website

1. Go to the BSE investor application status portal: bseindia.com/investors/appli_check.aspx

2. Choose the "Equity" option.

3. Select "MV Electrosystems" from the available active issues menu.

4. Provide the PAN used for the application or your application number.

5. Click the Search button to check your share allocation status.

Steps To Check MV Electrosystems IPO Share Status On Registrar Website

1. Visit the official allotment page of KFin Technologies.

2. Select "MV Electrosystems Limited" from the company drop-down list.

3. Choose which credential to search the allocation by: Application Number, Demat Account, or PAN.

4. Enter the required details into the text box.

5. Click the Search button to view your exact share allocation.

MV Electrosystems IPO Details

MV Electrosystems IPO is a book-built issue worth Rs 290 crore. The price band for the issue was fixed between Rs 400 and Rs 425 per share. Retail investors were required to bid for a minimum lot size of 34 shares, requiring a minimum investment of Rs 14,450.

MV Electrosystems IPO Listing Date

The basis of allotment for the MV Electrosystems IPO is scheduled to be finalised on August 4. The initiation of refunds and the credit of shares to successful investors' demat accounts will take place on August 5. The shares are set to make their stock market debut on both the NSE and BSE on August 6.