MV Electrosystems IPO: Price Band, Lot Size, Financials & Review
MV Electrosystems IPO listed on BSE & NSE on Thu, 6 Aug 2026. The issue was subscribed 188.85x overall.
- Open Date
- 30 Jul 2026
- Close Date
- 3 Aug 2026
Last updated
- Price band
- ₹400 – ₹425
- Lot size
- 34 shares
- Min. investment
- ₹14,450
- Issue size
- ₹290 Cr
- Last GMP
- +₹109
- Subscribed
- 🔥 188.85x
MV Electrosystems IPO details
MV Electrosystems IPO is a ₹290 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 30 Jul 2026 to Mon, 3 Aug 2026. Allotment was finalised on Tue, 4 Aug 2026, and the shares listed on BSE & NSE on Thu, 6 Aug 2026.
The price band is ₹400 to ₹425 per share and the lot size is 34 shares, so the minimum retail application is ₹14,450. Retail investors can apply for up to 13 lots (442 shares, ₹1,87,850).
KFin Technologies Limited is the registrar, and Sundae Capital Advisors is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last MV Electrosystems IPO GMP before listing was +₹109 (+25.65% against the upper price band of ₹425), implying an estimated listing price of ₹534. Across 10 days of tracking, GMP ranged from +₹100 (03 Aug) to +₹133 (31 Jul).
| Last GMP | +₹109 |
|---|---|
| GMP vs upper band | +25.65% |
| Estimated listing price | ₹534 |
| Highest (31 Jul) | +₹133 |
| Lowest (03 Aug) | +₹100 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the MV Electrosystems IPO day-wise GMP.
Subscription
Day-wise subscription →MV Electrosystems IPO was subscribed 188.85x overall: QIB 90.47x, NII 374.58x and retail 205.42x.
| Category | Subscribed |
|---|---|
| QIB | 90.47x |
| NII | 374.58x |
| └ bNII (above ₹10 lakh) | 394.98x |
| └ sNII (₹2–10 lakh) | 333.77x |
| Retail | 205.42x |
| Total | 188.85x |
Final figures at the close of bidding on 3 Aug 2026. Category-wise bids, application-wise breakup and allotment chances are on the MV Electrosystems IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 21,74,994 | 54.55% |
| Non-Institutional | 10,87,498 | 27.27% |
| └ BNII | 7,24,999 | 18.18% |
| └ SNII | 3,62,499 | 9.09% |
| Retail Investors | 7,24,999 | 18.18% |
| Total | 39,87,491 | 100.00% |
MV Electrosystems IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,450 |
| Retail (Max) | 13 | 442 | ₹1,87,850 |
| S-HNI (Min) | 14 | 476 | ₹2,02,300 |
| S-HNI (Max) | 69 | 2,346 | ₹9,97,050 |
| B-HNI (Min) | 70 | 2,380 | ₹10,11,500 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
P/E is not meaningful here because earnings per share is zero or negative.
Listed peers with positive earnings trade at a median P/E of 88.83x (1 company).
Promoter holding falls from 76.92% before the issue to 57.67% after it.
| EPS (pre-issue) Latest earnings per share before the issue | -₹6.17 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 76.92% |
| Promoter holding (post-issue) | 57.67% |
MV Electrosystems Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income fell from ₹64.64 Cr to ₹49.79 Cr, and profit after tax fell from ₹1.4 Cr to -₹12.63 Cr. The PAT margin for 31 Mar 2026 was -25.37%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 145.74 | 74.12 | 65.58 |
| Total Income | 49.79 | 64.64 | 50.57 |
| Profit After Tax | -12.63 | 1.40 | 0.56 |
| EBITDA | -9.94 | 8.92 | 6.41 |
| Net Worth | 62.57 | 17.91 | 16.53 |
| Reserve & Surplus | 52.34 | 8.77 | 9.15 |
| Total Borrowings | 49.89 | 27.50 | 27.59 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | -31.55 | 8.04 | 4.44 |
| ROCE % | -17.69 | 22.13 | 14.11 |
| Debt / Equity | 0.80 | 1.54 | 1.67 |
| RoNW % | -20.29 | 7.73 | 3.92 |
| Pat Margin % | -25.36 | 2.17 | 1.10 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| MV Electrosystems Limited | 5 | — | -6.52 | -6.52 | -20.29% | 30.58 |
| Hind Rectifiers Limited | 2 | 88.83 | 13.10 | 13.05 | 21.37% | 60.69 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding long-term working capital requirements of our Company |
| 2 | Investment in research, design and development activities for new power electronic equipment |
| 3 | General Corporate Purpose |
About MV Electrosystems Limited
MV Electrosystems Ltd. is a specialized provider of advanced electronic and electromechanical solutions. Since its inception, the company has been committed to delivering high-quality, reliable products that support a wide range of industrial, commercial, and technological applications.
The company manufactures and supplies an extensive portfolio of electronic components, control systems, and customized electrical assemblies. Its solutions cater to key sectors including power distribution, industrial automation, infrastructure development, and equipment manufacturing.
Operating through a fully integrated workflow—spanning design, production, and quality testing—MV Electrosystems Ltd. ensures precision engineering and consistent product performance. With a strong focus on innovation and customer-centric development, the company delivers durable, efficient, and tailored solutions that create long-term value for clients across diverse industries.
Product Range:
- Propulsion Equipment
- Cable Protection and Management Products
Promoters
- Mohit Vohra
- Amit Dhawan
- Sumit Dhawan
- Rahul Dhawan
- Sonali Dhawan
- Ramendra Pratap Singh
Contact details
MV Electrosystems Ltd.
Plot No. 7, Site No 2, 14/3,
Mathura Road, Faridabad -121 003,
Haryana, India
Phone: +91 92 1199 9711
Email: cs@mvelectrosystems.com
Website: https://www.mvelectrosystems.com/
MV Electrosystems IPO FAQs
- What is the MV Electrosystems IPO price band?
- The MV Electrosystems IPO price band is ₹400 to ₹425 per share.
- What is the MV Electrosystems IPO lot size and minimum investment?
- The MV Electrosystems IPO lot size is 34 shares. The minimum retail investment is ₹14,450 for one lot at the upper price band. Retail investors can apply for up to 13 lots (442 shares), costing ₹1,87,850.
- When was MV Electrosystems IPO open for subscription?
- MV Electrosystems IPO was open for subscription from Thu, 30 Jul 2026 to Mon, 3 Aug 2026.
- What is the MV Electrosystems IPO subscription status?
- MV Electrosystems IPO was subscribed 188.85x overall: QIB 90.47x, NII 374.58x and retail 205.42x. Day-wise and category-wise figures are on the subscription page.
- What was the MV Electrosystems IPO GMP before listing?
- The last MV Electrosystems IPO GMP before listing was +₹109 (+25.65% against the upper price band of ₹425), implying an estimated listing price of ₹534. Across 10 days of tracking, GMP ranged from +₹100 (03 Aug) to +₹133 (31 Jul). GMP is an unofficial grey market indicator and can change quickly.
- What is the MV Electrosystems IPO allotment date?
- The MV Electrosystems IPO basis of allotment was finalised on Tue, 4 Aug 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the MV Electrosystems IPO listing date?
- MV Electrosystems IPO listed on BSE & NSE on Thu, 6 Aug 2026.
- Is the MV Electrosystems IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the MV Electrosystems IPO?
- The registrar for the MV Electrosystems IPO is KFin Technologies Limited, and the book running lead manager is Sundae Capital Advisors.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.