IPO details · Updated
MV Electrosystems Limited
- Price Band
- ₹400 – ₹425
- Lot Size
- 34 shares
- Min. Investment
- ₹14,450
- Issue Size
- ₹290 Cr
- Offer Dates
- 30 Jul – 3 Aug 2026
- Listing
- 6 Aug 2026
Issue Details
- Total Issue Size
- ₹290 Cr
- 68,23,528 shares
- Fresh Issue
- ₹290 Cr
- 68,23,528 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹5 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 2,04,59,200
- Shares Post-Issue
- 2,72,82,728
IPO Timeline
Offer opens
30 Jul 2026
Offer closes
3 Aug 2026
Allotment
4 Aug 2026
Listing
6 Aug 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor45.0%30,70,587 shares
- QIB30.0%20,47,093 shares
- HNI15.0%10,23,502 shares
- Retail10.0%6,82,346 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 20,47,093 | 19,67,74,048 | 96.12x |
| NII | 10,23,502 | 40,73,51,552 | 398.00x |
| Retail | 6,82,346 | 14,89,25,678 | 218.26x |
| Total | 37,52,941 | 75,30,51,278 | 200.66x |
Lot Size & Investment
1 lot = 34 shares
Retail (min)
1 lot · 34 shares
Retail (max)
13 lots · 442 shares
S-HNI (min)
14 lots · 476 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 34 | ₹14,450 |
| Small HNI (S-HNI) | 14 | 476 | ₹2,02,300 |
| Big HNI (B-HNI) | 70 | 2,380 | ₹10,11,500 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 145.74 | 74.12 | 65.58 |
| Total Income | 49.79 | 64.64 | 50.57 |
| Profit After Tax | -12.63 | 1.4 | 0.56 |
| EBITDA | -9.94 | 8.92 | 6.41 |
| Net Worth | 62.57 | 17.91 | 16.53 |
| Reserves & Surplus | 52.34 | 8.77 | 9.15 |
| Total Borrowing | 49.89 | 27.5 | 27.59 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| RoNW (%) | -20.29 |
| EPS (₹) | -6.17 |
| P/E (pre-issue) | -68.88 |
| P/E (post-issue) | -91.79 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Hind Rectifiers Limited | 88.83 | 21.37% |
About MV Electrosystems Limited
Incorporated in 2009, MV Electrosystems Ltd. is engaged in engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems. The company operate within India’s rail infrastructure transition driven by mandated broad-gauge electrification, Make-inIndia procurement requirements and the expansion of the network, including upcoming high-speed corridors. MV Electrosystems Ltd. operates through integrated design, production, and quality-testing processes. The company emphasizes innovation, precision engineering, and client-centric solutions, enabling reliable performance and long-term value across diverse industries and product categories. Products: Propulsion Equipment Cable protection & management products The company has in-house Research, Design & Development Centre based at Plot No. 7, Site No. 2, 14/3, Mathura Road, Faridabad, Haryana, India is the technological backbone of our operations, dedicated to innovation, engineering and advancement of complex and high-performance power electronics and other railway systems. As of May 31, 2026. the company had 206 employees. Competitive Strengths: Engineering and systems design focused railways company with strong in-house research, design & development capabilities for highly engineered and complex railway systems, combining precision and domain expertise. 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.
Objects of the Issue
- Funding long-term working capital requirements of the Company (₹180.00 Cr)
- Investment in research design and development activities for new power electronic equipment (₹21.00 Cr)
- General corporate purpose (₹53.46 Cr)
- Issue Expenses (₹35.54 Cr)
Promoters
- <p>Mohit Vohra
- Amit Dhawan
- Sumit Dhawan
- Rahul Dhawan
- Sonali Dhawan
- Ramendra Pratap Singh</p>
Company Information
- Book running lead managers
- Sundae Capital Advisors Pvt.Ltd.
- Registered office
- Plot No. 7,, Site No 2, 14/3,, Mathura Road,, Faridabad, Haryana, 121003
Official Documents
Opens the source filing in a new tab
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