MV Electrosystems Limited
ListedElectrical Equipment · Mainboard IPO · INE0OWZ01020
Price band
₹400 – ₹425
Lot size
34 shares
Min. investment
₹14,450
Issue size
₹290 Cr
Face value
₹5
Registrar
Kfin Technologies Ltd.
Issue timeline
Bidding opens
30 Jul 2026
Bidding closes
03 Aug 2026
Allotment
04 Aug 2026
Listing
06 Aug 2026
Final subscription
28,12,103
applications
₹23,342 Cr
bid value
| Category | Bid for | ₹ Cr* |
|---|---|---|
| Qualified Institutional (QIB) | 14,61,67,122 | 6,212 |
| Non-Institutional >₹10L (bNII) | 20,68,50,322 | 8,791 |
| Non-Institutional ₹2–10L (sNII) | 8,42,75,120 | 3,582 |
| Retail (RII) | 11,19,38,370 | 4,757 |
| Total | 54,92,30,934 | 23,342 |
Live category-wise demand from NSE only. Add each category's offered shares (from the RHP) in IPO Master to show the subscription (x) multiple.
About the company
MV Electrosystems Ltd. is engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock.
Issue details
Issue size
₹290 Cr
Fresh issue
₹290 Cr
Industry
Electrical Equipment
Promoter holding (pre)
76.92%
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 50.57 | 64.64 | 49.79 |
| EBITDA | 6.41 | 8.92 | -9.94 |
| Profit after tax | 0.56 | 1.40 | -12.63 |
| Net worth | 16.53 | 17.91 | 62.57 |
| Total assets | 65.58 | 74.12 | 145.74 |
| Total borrowing | 27.59 | 27.50 | 49.89 |
Objects of the issue
- Funding long-term working capital requirements of the Company
- Investment in research design and development activities for new power electronic equipment
- General corporate purpose
Strengths
- Engineering and systems design focused railways company with strong in-house research, design & development capabilities for highly engineered and complex railway systems.
- Ability to create precision driven design & development capabilities and safety critical & complex railway electric equipment acts as high barriers to entry in this segment.
- Long-standing and deep relationship with Indian Railways.
- Experienced Promoter and management team with strong implementation skills and operational effectiveness.
Risks
- Revenue decreased by 23% and profit after tax (PAT) dropped by 1000% between the financial year ending with March 31, 2026 and March 31, 2025.
Documents
Calculate your bid
At cut-off price ₹425
Lots
1
- Shares
- 34
- Amount
- ₹14,450
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login