Summary of this article
The MV Electrosystems IPO was booked over ten times.
Grey market premium indicates a strong listing at 31 percent.
Retail investors oversubscribed their designated quota by nearly 37 times.
The subscription window of MV Electrosystems' initial public offering (IPO) is set to close on August 3. After witnessing robust demand on the first day of bidding, MV Electrosystems IPO has been booked over 10 times on the second day of subscription.
The grey market premium (GMP) for the company's shares also hints at a positive debut for the stock. Here is a look at some of the key details related to MV Electrosystems' public issue:
MV Electrosystems IPO GMP
The grey market premium for MV Electrosystems' shares hovered around Rs 133 per share on the second day of bidding, according to websites which track the demand for shares of unlisted companies. MV Electrosystems shares are expected to make a healthy debut with gains of around 31.29 per cent at Rs 558 per share.
MV Electrosystems IPO Subscription
On the second day of subscription, the MV Electrosystems IPO was booked 10.72 times across investor categories. Cumulatively the issue received bids for 42.75 million shares compared to the 3.98 million shares set aside for the category. Qualified Institutional Buyers (QIBs) applied for 1.97 million shares compared to the 2.17 million shares set aside for the category, booking their quota 91 per cent.
Non-Institutional Investors (NIIs) applied for 14 million shares compared to the 1.08 million shares set aside for the category, leading to the issue being booked 12.88 times in the NII category. Retail individual investors drove the demand for the company’s shares as they booked their quota 36.95 times, applying for 26.78 million shares compared to the 7,24,999 shares set aside for the category.
MV Electrosystems IPO Issue Size
MV Electrosystems seeks to raise Rs 290 crore from its public issue. The company's issue is entirely a fresh issue of 6.82 million shares, with no offer for sale (OFS) component.
MV Electrosystems IPO Price Band
MV Electrosystems IPO price band was set between Rs 400 and Rs 425 per share. The minimum lot size for retail individual investors was set at 34 shares, which amounts to an investment of Rs 14,450.
MV Electrosystems IPO: Subscription Dates and Listing Date
MV Electrosystems IPO subscription window opened on July 30 and will close on August 3. The basis of allotment for the MV Electrosystems IPO will be announced on August 4. MV Electrosystems will issue refunds for unsuccessful applicants on August 5. MV Electrosystems shares are scheduled to list on the bourses on August 6.
MV Electrosystems: Financials
MV Electrosystems posted a total income of Rs 49.79 crore for the financial year ended March 31, 2026, decreasing by 23 per cent compared to Rs 64.64 crore in the preceding fiscal. The company reported a net loss of Rs 12.63 crore in the fiscal year ended March 31, 2026, dropping from a profit of Rs 1.40 crore in the preceding fiscal. The company’s net worth stood at Rs 62.57 crore in FY26 compared to Rs 17.91 crore in the preceding fiscal.
MV Electrosystems IPO: Registrar
The registrar for MV Electrosystems IPO is Kfin Technologies and the book-running lead manager for the issue is Sundae Capital Advisors.
MV Electrosystems: Promoters
The promoters of the company include Amit Dhawan, Mohit Vohra, Rahul Dhawan, Ramendra Pratap Singh, Sonali Dhawan, and Sumit Dhawan. The promoters of the company held a 76.92 per cent stake in the company pre-issue; their collective shareholding will reduce to 57.68 per cent post the issue.
About MV Electrosystems
MV Electrosystems is engaged in the design, development, assembly, and manufacturing of electrical and power electronics equipment used in railway rolling stock. The company operates within India's rail infrastructure transition and offers a diversified suite of products, including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels, and cable protection & management products.
