MV Electrosystems IPO: dates, price band, lot size and GMP
MV Electrosystems IPO listed on 6 Aug at ₹520 (NSE, BSE). Issue dates 30 Jul – 3 Aug 2026, price band ₹425, lot 34 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: MV Electrosystems listed on 6 Aug 2026 on NSE, BSE at ₹520, +₹95 (+22.4%) against the ₹425 upper band. MV Electrosystems IPO listing date, price and gain · Recently listed IPOs
Updated 30 Oct 2026, 09:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 222 IPOs on its calendar; the MV Electrosystems IPO has a price band of ₹425, a lot of 34 shares and no grey-market premium reported yet as of 30 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 30 Jul – 3 Aug 2026 |
| Price band | ₹425 |
| Lot size | 34 shares |
| Issue size | ₹290.00 Cr |
| Fresh issue | ₹290 Cr |
| Subscription | 200.66x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Sundae Capital Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 30 Jul
- Issue closes: 3 Aug
- Allotment: 4 Aug
- Refunds: 5 Aug
- Demat credit: 5 Aug
- Listing: 6 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 96.13x |
| NII | 397.99x |
| sNII | 354.63x |
| bNII | 419.67x |
| Retail | 218.25x |
| Total | 200.66x |
Last updated 3 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹1,159.52 Cr |
| Fresh issue (shares) | 68,23,528 |
| Total shares offered | 68,23,528 |
| Promoter holding pre-issue | 76.92% |
| Promoter holding post-issue | 57.68% |
| Promoters | Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan, Ramendra Pratap Singh |
| Lead managers | Sundae Capital Advisors Pvt.Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | mvelectrosystems.ipo@kfintech.com |
| Company website | mvelectrosystems.com |
| Anchor bid date | 29 Jul 2026 |
| Anchor lock-in ends (50%) | 3 Sep 2026 |
| Anchor lock-in ends (remaining) | 2 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 34 | ₹14,450 |
| Retail (maximum) | 14 | 476 | ₹2,02,300 |
| sNII (minimum) | 14 | 476 | ₹2,02,300 |
| bNII (minimum) | 70 | 2,380 | ₹10,11,500 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 45% | 30,70,587 | |
| QIB | 30% | 20,47,093 | Not less than 75% of the Net Issue |
| NII (HNI) | 15% | 10,23,502 | Not more than 15% of the Net Offer |
| sNII | 5% | 3,41,167 | |
| bNII | 10% | 6,82,335 | |
| Retail | 10% | 6,82,346 | Not more than 10% of the Net Issue |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 30 Jul | 0.87x | 4.00x | 6.20x | 2.89x | 12.68x | 4.35x |
| Day 2 · 31 Jul | 0.97x | 16.76x | 23.28x | 13.49x | 42.28x | 12.79x |
| Day 3 · 3 Aug | 96.13x | 397.99x | 354.63x | 419.67x | 218.25x | 200.66x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹−6.17 |
|---|---|
| EPS (post-issue) | ₹−4.63 |
| RoNW | −20.29% |
| RoCE | −17.69% |
| RoE | −31.55% |
| PAT margin | −25.36% |
| EBITDA margin | −19.97% |
| Price / book | 13.9x |
| NAV per share | ₹30.58 |
| Debt / equity | 0.8 |
| Market cap (upper band) | ₹1,159.52 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 145.74 | 74.12 | 65.58 | +96.6% |
| Total Income | 49.79 | 64.64 | 50.57 | −23% |
| Profit After Tax | −12.63 | 1.4 | 0.56 | profit to loss |
| EBITDA | −9.94 | 8.92 | 6.41 | profit to loss |
| NET Worth | 62.57 | 17.91 | 16.53 | +249.4% |
| Reserves and Surplus | 52.34 | 8.77 | 9.15 | +496.8% |
| Total Borrowing | 49.89 | 27.5 | 27.59 | +81.4% |
About MV Electrosystems
MV Electrosystems Ltd. is engaged in the development, manufacturing, and supply of specialized electronic and electromechanical systems. The company provides engineered solutions that cater to the requirements of transportation, industrial, infrastructure, and technology-driven sectors, with a strong emphasis on reliability and performance. The company offers a diverse portfolio of electronic equipment, electrical assemblies, and control systems designed to support mission-critical applications. Its products are utilized across industries such as rail transportation, power systems, industrial automation, and infrastructure development.
MV Electrosystems integrates research, engineering, manufacturing, and quality assurance processes to deliver customized solutions tailored to customer requirements. Through its focus on technological innovation, precision manufacturing, and stringent quality standards, the company aims to provide dependable products that meet evolving industry demands. Product Portfolio Propulsion Equipment: Specialized electrical and electronic systems used in railway and transportation applications to support efficient propulsion and operational performance.
Cable Protection & Management Solutions: Products designed to safeguard, organize, and manage cables in demanding industrial and transportation environments. Key Competitive Advantages Engineering-driven railway solutions provider with strong in-house research, design, and development capabilities for complex and highly specialized railway systems. Expertise in developing precision-engineered and safety-critical railway electrical equipment, creating significant technical barriers to entry. Long-standing business relationships and extensive experience working with Indian Railways.
Leadership team with deep industry knowledge, supported by strong execution capabilities and operational efficiency.
Objects of the issue
- Funding long-term working capital requirements of the Company — ₹180 Cr
- Investment in research design and development activities for new power electronic equipment — ₹21 Cr
- General corporate purpose — ₹53.46 Cr
- Issue Expenses — ₹35.54 Cr
Net proceeds: ₹290 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| MV Electrosystems Ltd. (issuer) | −6.52 | −6.52 | 30.58 | — | −20.29% | Restated |
| Hind Rectifiers Limited | 13.1 | 13.5 | 60.69 | 88.83x | 21.37% | Consolidated |
Notes: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2026 submitted to Stock Exchanges. P/E Ratio has been computed based on the closing market price of equity shares on NSE on June 30, 2026 divided by the Diluted EPS for the year ended March 31, 2026.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the MV Electrosystems IPO open and close?
The issue is scheduled for 30 Jul – 3 Aug 2026.
What is the MV Electrosystems IPO price band?
The price band is ₹425 per share with a lot size of 34 shares.
How big is the MV Electrosystems IPO?
The total issue size is ₹290.00 Cr.
When will MV Electrosystems list?
The tentative listing date is 6 Aug on the main board.
How do I apply for the MV Electrosystems IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), MV Electrosystems · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), MV Electrosystems · as filed · sebi.gov.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment 4 Aug · ipostatus.kfintech.com
- NSE public issues page · listing 6 Aug · nseindia.com
- BSE public issues page · listing 6 Aug · bseindia.com
- MV Electrosystems company website · mvelectrosystems.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 6 Aug, 04:05 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “MV Electrosystems IPO”, https://buyunlistedshares.com/ipo/mv-electrosystems-ipo, as of 30 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 30 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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