Mainboard IPO · NSE · Listed
MV Electrosystems IPO
MV Electrosystems Limited is a listed issue, offered in a price band of ₹425 to ₹425 per share, in lots of 34 shares. Every figure below is taken from the issue's own filings and exchange disclosures.
Issue details
- Price band
- ₹425 – ₹425
- Lot size
- 34 shares
- Minimum investment
- ₹14,450
- Issue size
- ₹308.12 Cr
- Fresh issue
- ₹290 Cr
- Offer for sale
- —
- Opens
- 30 Jul 2026
- Closes
- 3 Aug 2026
- Listing date
- 6 Aug 2026
- Registrar
- KFin Technologies Limited
- Symbol
- MVELECTRO
One lot of 34 shares at the upper band price of ₹425 is ₹14,450 — the smallest retail application this issue accepts.
Lead managers: Sundae Capital Advisors Private Limited.
Subscription status
How many times the issue has been applied for, by investor category, as reported by the exchange at 3 Aug 2026, 07:05 pm IST.
MV Electrosystems IPO — subscription by category| Category | Times subscribed |
|---|
| Qualified institutional buyers (QIB) | 90.47× |
|---|
| Non-institutional investors (NII / HNI) | 374.58× |
|---|
| Retail individual investors | 205.42× |
|---|
| Total | 188.85× |
|---|
Grey market premium (GMP)
- Latest reported GMP
- ₹109
- Implied over upper band
- 25.60%
- As of
- 6 Aug 2026, 07:05 pm IST
How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.
MV Electrosystems IPO — reported GMP history| Reported at | GMP |
|---|
| 6 Aug 2026, 07:05 pm IST | ₹109 |
|---|
| 5 Aug 2026, 07:05 pm IST | ₹102 |
|---|
| 4 Aug 2026, 07:05 pm IST | ₹100 |
|---|
| 3 Aug 2026, 07:05 pm IST | ₹115 |
|---|
| 3 Aug 2026, 04:00 pm IST | ₹115 |
|---|
| 3 Aug 2026, 03:00 pm IST | ₹115 |
|---|
| 3 Aug 2026, 02:00 pm IST | ₹115 |
|---|
| 3 Aug 2026, 01:00 pm IST | ₹115 |
|---|
| 3 Aug 2026, 12:00 pm IST | ₹115 |
|---|
| 3 Aug 2026, 11:00 am IST | ₹115 |
|---|
| 3 Aug 2026, 10:00 am IST | ₹115 |
|---|
| 3 Aug 2026, 09:00 am IST | ₹115 |
|---|
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.
Reported financials
As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.
MV Electrosystems — financials from the offer document| PAT | Assets | Expense | Revenue | Period Ended |
|---|
| ₹1.19 | ₹44.76 | ₹66.37 | ₹68.13 | 2023 |
|---|
| ₹0.56 | ₹65.58 | ₹49.47 | ₹50.57 | 2024 |
|---|
| ₹1.40 | ₹74.12 | ₹62.24 | ₹64.64 | 2025 |
|---|
| ₹12.63 | ₹145.74 | ₹66.59 | ₹49.79 | 2026 |
|---|
Strengths disclosed in the offer document
- The company has a technology-driven approach with strong in-house research, design & development capabilities for highly engineered and complex railway systems.
- The company's in-house capabilities enable it to efficiently design and develop propulsion equipment, ensuring reliability, efficiency, and long-term value.
- The company has a product portfolio that includes propulsion systems, auxiliary converters, vehicle control units, and driver display units, along with cable protection and interconnect products.
- The company's solutions are primarily deployed in electric locomotives, metro systems, and EMUs, where propulsion and robust electrical systems are critical for performance.
- The company has received approval from CLW, Indian Railways for its IGBT Based 3-Phase Drive Propulsion equipment.
- The company has an executable outstanding order book for supply of 564 3-Phase Propulsion Equipment to Indian Railways.
- The company has a strategic focus on operational excellence, aiming to adhere to design-to-value principles and maintain high standards of quality.
Risk factors disclosed in the offer document
- The company is dependent on and derives a substantial portion of its revenue from a limited number of customers, with Indian Railways being the single largest customer.
- Any delay or failure in obtaining, renewing or maintaining statutory and regulatory approvals, or non-compliance with applicable laws, could adversely affect the company's business and operations.
- The company is in the process of shifting operations for existing cable protection & interconnected products facility and installing new machinery, and any delays, cost overruns or execution failures may adversely affect its business and financial condition.
- The determination of the Price Band and Issue Price is based on various factors and assumptions, and the Issue Price may not be indicative of the Market Price of the Equity Shares after the Issue.
- Certain Equity Shares have been issued by the company and transferred by its Promoter and Promoter Group shareholders in the secondary sale during the preceding one year at prices that may be lower than the Issue Price.
- The company requires substantial working capital and its future capital needs may require it to obtain additional loans and borrowings or issue equity or debt securities, which may impose restrictions on its business activities and dilute its shareholders’ equity.
- The company is exposed to the risk of loss of confidential technical knowledge which includes trade secrets, assembling and manufacturing processes, and other confidential information critical to its operations.
These are the company's own disclosures, not Alphave's assessment. Read the offer document →
What this page will not tell you
- Whether to apply
- Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.
- What it will list at
- Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.
- Your allotment
- Allotment is decided by the registrar (KFin Technologies Limited) after the issue closes. Track the whole calendar in the IPO Centre.
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