MV Electrosystems IPO Subscribed 12.79 Times on Day 2 Driven by Strong Retail Demand
Varda Khade
- 2 min read
Last Updated: 31st July 2026 - 09:39 pm
MV Electrosystems Limited's initial public offering (IPO) was subscribed 12.79 times by 5:24 PM on Day 2, July 31, 2026. The public issue received bids for 4.80 crore shares against 37.53 lakh shares available for subscription. The Retail category led the demand with a subscription of 42.28 times, followed by Non-Institutional Investors (NIIs) at 16.76 times, while the Qualified Institutional Buyers (QIBs) category was subscribed 0.97 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of MV Electrosystems IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (July 30) | 0.87 | 4.00 | 12.68 | 3.87 |
| Day 2 (July 31) | 0.97 | 16.76 | 42.28 | 12.79 |
Here are the subscription details for MV Electrosystems IPO Day 2, as of 5:24 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 30,70,587 | 30,70,587 | 130.50 |
| QIB | 0.97 | 20,47,060 | 19,81,724 | 84.22 |
| NII | 16.76 | 10,23,529 | 1,71,52,014 | 728.96 |
| Retail | 42.28 | 6,82,353 | 2,88,49,884 | 1,226.12 |
| Total | 12.79 | 37,52,942 |
4,79,83,622 |
2,039.30 |
Key Highlights – Day 2
- Overall subscription stood at 12.79 times on Day 2 (July 31, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 0.97 times, bidding for 19.82 lakh shares.
- Non-Institutional Investors (NIIs) subscribed 16.76 times, placing bids for 1.72 crore shares.
- Retail Investors subscribed 42.28 times, bidding for 2.88 crore shares.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 30.71 lakh shares allotted.
- Overall, investors bid for 4.80 crore shares against 37.53 lakh shares available in the public issue.
Key Highlights – Day 1
- Overall subscription stood at 3.87 times on Day 1 (July 30, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 0.87 times.
- Non-Institutional Investors (NIIs) subscribed 4.00 times.
- Retail Investors subscribed 12.68 times.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 30.71 lakh shares allotted.
- Overall, the IPO was subscribed 3.87 times on the opening day.
About MV Electrosystems Limited
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.
- FREE IPO Application
- Apply with Ease
- Pre-Apply for IPOs
- UPI Bid Instantly
Trending on 5paisa
5paisa Capital Ltd
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.