MV Electrosystems IPO
IPO Listing Details
- Listing Date
06 Aug 2026
- Listing Price
₹519.00
- Listing Change
22.12%
- Last Traded Price
₹588.65
MV Electrosystems IPO Details
-
Open Date
30 Jul 2026
-
Close Date
03 Aug 2026
- IPO Price Range
₹ 400 to ₹425
- IPO Size
₹ 290.00 Cr
MV Electrosystems IPO Timeline
MV Electrosystems IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-July-2026 | 0.87 | 4.00 | 12.68 | 3.87 |
| 31-July-2026 | 0.89 | 8.24 | 25.36 | 7.34 |
Last Updated: 03 August 2026 5:19 PM by 5paisa
MV Electrosystems Ltd. designs, develops, assembles, and manufactures electrical and power-electronics equipment for railway rolling stock. Its portfolio includes IGBT-based three-phase propulsion systems for electric locomotives, switchgear panels for coaches and EMUs, cable protection solutions, and electrical subsystems. The company benefits from India’s railway electrification, network expansion, Make-in-India initiatives, and upcoming high-speed corridors, supported by integrated manufacturing, quality testing, precision engineering, and customer-focused innovation capabilities.
Established in: 2009
Managing Director: Pankaj Rastogi
Peers:
| Metric |
MV Electrosystems |
Hind Rectifiers Limited |
|---|---|---|
| Face Value |
5 |
5 |
|
Share Price |
- | 1159.20 |
|
Revenue from Operations |
494.28 | 991.25 |
|
EPS Basic |
-6.52 | 13.10 |
|
EPS Diluted |
-6.52 | 13.05 |
|
P/E |
- | 88.83 |
|
RONW (%) |
-20.29 | 21.37 |
|
Net worth (₹ in |
625.71 | 2085.72 |
|
NAV |
30.58 | 60.69 |
MV Electrosystems Objectives
1. Funding long-term working capital requirements of the Company
2. Investment in research design and development activities for new power electronic equipment
3. General corporate purpose
MV Electrosystems IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹290.00 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹290.00 Cr |
MV Electrosystems IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹13,600 |
| Retail (Max) | 13 | 442 | ₹1,87,850 |
| S - HNI (Min) | 14 | 476 | ₹1,90,400 |
| S - HNI (Max) | 69 | 2,346 | ₹9,97,050 |
| B - HNI (Max) | 70 | 2,380 | ₹9,52,000 |
MV Electrosystems IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.89 | 20,47,060 | 18,12,914 | 77.05 |
| Non-Institutional Buyers | 8.24 | 10,23,529 | 84,32,918 | 358.40 |
| bNII | 6.06 | 6,82,353 | 41,35,488 | 175.76 |
| sNII | 12.60 | 3,41,176 | 42,97,430 | 182.64 |
| Individual Investors (IND category bidding for 2 Lots) | 25.36 | 6,82,353 | 1,73,04,912 | 735.46 |
| Total** | 7.34 | 37,52,942 | 2,75,50,744 | 1,170.91 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 49.96 | 62.64 | 49.43 |
| EBITDA | 6.41 | 8.92 | -9.94 |
| PAT | -0.56 | 1.40 | -12.63 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 65.58 | 74.12 | 145.73 |
| Share Capital | 7.37 | 9.14 | 10.23 |
| Total Liabilities | 49.05 | 56.21 | 83.17 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | -5.22 | 5.04 | -57.55 |
| Net Cash Generated From / (used in) Investing Activities | -3.56 | -1.49 | -17.87 |
| Net Cash Generated From / (used in) Financing Activities | 6.57 | -3.63 | 75.52 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -2.20 | -0.07 | 0.01 |
Strengths
1. Integrated design, manufacturing, and quality-testing capabilities
2. Specialised railway electrical and power-electronics product portfolio
3. Strong focus on innovation and precision engineering
4. Products support electrification and modern railway systems
Weaknesses
1. Heavy dependence on railway sector demand cycles
2. Limited information regarding customer and revenue diversification
3. Capital-intensive manufacturing may pressure operating cash flows
4. Complex products require continuous technological investment and upgrades
Opportunities
1. Railway electrification creates sustained equipment demand nationwide
2. Make-in-India policies support domestic manufacturing companies
3. High-speed rail corridors may expand future orders
4. Network expansion increases demand for electrical subsystems
Threats
1. Intense competition from established railway equipment manufacturers
2. Delays in government projects may impact revenues
3. Changes in railway procurement policies could affect orders
4. Raw material price volatility may reduce margins
1. Benefits from India’s expanding railway electrification programme
2. Specialised portfolio across propulsion and electrical systems
3. Make-in-India policies support domestic order opportunities
4. Integrated operations strengthen quality and production efficiency
India’s railway equipment sector is supported by widespread electrification, network expansion, localisation policies, and investments in modern rolling stock. Demand for propulsion systems, switchgear panels, cable-management products, and electrical subsystems is expected to rise as rail infrastructure upgrades accelerate. MV Electrosystems may benefit from Make-in-India procurement, technology-led modernisation, high-speed rail projects, and growing requirements for reliable, energy-efficient components across locomotives, coaches, EMUs, and future railway platforms nationwide.
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FAQs
MV Electrosystems opens from July 30, 2025 to August 3, 2026.
The size of MV Electrosystems is ₹290.00 Cr.
The price band of MV Electrosystems IPO is fixed at ₹400 to ₹425.
Once the MV Electrosystems IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for MV Electrosystems IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the MV Electrosystems IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of MV Electrosystems is of 34 shares and the investment required is ₹13,600.
The share allotment date of MV Electrosystems IPO is August 4, 2026
The MV Electrosystems IPO will likely be listed on August 6, 2026.
Sundae Capital Advisors Pvt.Ltd is the book running lead managers for MV Electrosystems IPO.
1. Funding long-term working capital requirements of the Company
2. Investment in research design and development activities for new power electronic equipment
3. General corporate purpose