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2 clusters · 5 sources · 8 days · First seen · Last updated

MV Electrosystems IPO in India

Overview

In late July 2026, Mumbai‑based MV Electrosystems Ltd secured a Rs 130.5 crore anchor placement and opened its IPO, aiming to raise Rs 290 crore by issuing 68.23 lakh shares. The issue was priced at Rs 400‑425 per share and attracted strong retail demand, with the overall subscription reaching 1.07 times and the retail quota 4.39 times. Qualified institutional buyers showed limited interest.

The company listed on the NSE and BSE on 6 August 2026 at around Rs 520 per share, delivering a premium of more than 22 % over the IPO price. Overall subscription surged to 188.85 times, driven largely by non‑institutional and retail investors. Proceeds are earmarked for working capital, research and development, and business expansion. Analysts advised cautious profit‑taking after the debut.

The IPO’s performance highlighted robust retail enthusiasm for the firm’s railway power‑electronics products and set a market valuation of roughly Rs 1,588 crore.

Entities

MV Electrosystems Ltd · National Stock Exchange of India · Kotak Mutual Fund · Railway rolling stock sector · Shivani Nyati

Timeline

  1. 18 days ago

    [BUSINESS] 3 sources
    MV Electrosystems IPO debut sees 22% premium on Indian exchanges

    MV Electrosystems listed on NSE and BSE at a 22% premium, with its IPO subscribed 188.85 times and shares jumping up to 37.9% on the BSE.

  2. 25 days ago

    [BUSINESS] 3 sources
    MV Electrosystems IPO draws strong retail demand after Rs 130.5 crore anchor placement

    MV Electrosystems secured Rs 130.5 crore from anchors and opened a Rs 290 crore IPO; retail demand surged, with the issue 1.07 times subscribed on day one, and listing is set for Aug 6 on Indian exchanges.

Sources

culturalpolicy.com · News18.com · news18.com · newsbytesapp.com · newsx.com