Mainboard
IPO ·
BSE, NSE
MV Electrosystems Ltd
Listed
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
Issue details
Price band
₹400 – ₹425
Face value
₹5
Lot size
34 shares
Minimum investment
₹14,450
Issue size
₹290.00 Cr
Fresh issue
₹290.00 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
30 Jul 2026
Closes
3 Aug 2026
UPI mandate cut-off
5:00 PM on 3 Aug 2026
Allotment
4 Aug 2026
Refunds
5 Aug 2026
Shares in demat
5 Aug 2026
Listing
6 Aug 2026
Subscription and listing
Subscription
109.59x
Listing price
₹520
Registrar
Kfin Technologies Ltd
Lead manager
Sundae Capital Advisors
Subscription by category
Total
109.59x
Total applications
36,36,251
Anchor investors
Amount raised
₹130.50 Cr
Bid date
29 Jul 2026
50% lock-in ends
2 Sep 2026
Rest lock-in ends
1 Nov 2026
Listing day
Issue price
₹425
Open
₹520.00
High
₹624.00
Low
₹520.00
Day close
₹624.00
Listing gain at open
+22.35%
Issue structure
Shares reserved per category and share of the total issue
QIB
51,17,680
75.00%
Anchor Investor
30,70,587
45.00%
QIB (Ex. Anchor)
20,47,093
30.00%
NII
10,23,502
15.00%
bNII > ₹10L
6,82,335
10.00%
sNII < ₹10L
3,41,167
5.00%
Retail
6,82,346
10.00%
Total
68,23,528
100.00%
Finaccle’s quick read
Avoid
FY26 income down 23%, PAT down 1002%, ROE -31.55%, D/E 0.80.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
-31.55%
ROCE
-17.69%
Debt / equity
0.80
PAT margin
-25.36%
P/E post issue
-ve
Market cap
₹1,159.52 Cr
Use of IPO money
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
₹53.46 Cr
Issue Expenses
₹35.54 Cr
Strengths
✓
Moderate leverage: debt to equity 0.80
Risks to watch
!
Revenue fell 23% in FY26
!
PAT fell 1002% in FY26
!
Thin PAT margin of -25.36%
Planning to take your own company public?
Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.
Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.
Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.