MV Electrosystems IPO Details
MV Electrosystems IPO Summary
MV Electrosystems IPO opens for subscription on 30 Jul 2026 and closes on 03 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 06 Aug 2026.
MV Electrosystems IPO price band has been fixed at ₹400 – ₹425 per share. The face value is ₹5 per share with a lot size of 34.
MV Electrosystems IPO total issue size comprises 68,23,529 shares (aggregating up to ₹290.00 Cr). This includes a fresh issue of 68,23,529 shares (aggregating up to ₹290.00 Cr). Pre-issue shareholding stands at 2,04,59,200, which will increase to 2,72,82,728 post-issue.
MV Electrosystems IPO carries a ₹107 (25.18%) GMP, reflecting investor sentiment.
MV Electrosystems IPO Lot Size :Retail Minimum is 1 lot (34 shares) amounting to ₹14,450. Retail Maximum is 13 lots (442 shares) amounting to ₹187,850. SHNI Minimum is 14 lots (476 shares) amounting to ₹202,300. SHNI Maximum is 69 lots (2,346 shares) amounting to ₹997,050. BHNI Minimum is 70 lots (2,380 shares) amounting to ₹1,011,500.
MV Electrosystems IPO Details
MV Electrosystems IPO Subscription
MV Electrosystems IPO Application Wise Breakup (Approx)
MV Electrosystems IPO Dates
- 30 Jul 2026Opening dateOpen
- 03 Aug 2026Closing dateClose
- 04 Aug 2026Allotment Date Allotment
- 05 Aug 2026Initiation of RefundsRefund
- 05 Aug 2026Credit of SharesCredit
- 06 Aug 2026Listing dateListing
MV Electrosystems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 34 | ₹14,450 |
| Retail Maximum | 13 | 442 | ₹187,850 |
| SHNI Minimum | 14 | 476 | ₹202,300 |
| SHNI Maximum | 69 | 2346 | ₹997,050 |
| BHNI Minimum | 70 | 2380 | ₹1,011,500 |
MV Electrosystems IPO Reservation
Promoter Holding
Documents
MV Electrosystems IPO Valuations
MV Electrosystems Financial Information
| 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 |
| Reserves and Surplus | 52.34 | 8.77 | 9.15 |
| Total Borrowing | 49.89 | 27.50 | 27.59 |
| Amount in ₹ Crore | |||
About MV Electrosystems IPO
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.
Strength Of MV Electrosystems IPO
- Leverage our domain experience and capabilities by continuing to diversify our product base and increase penetration across different global regions & synergetic potential applications like Renewable Energy Projects.
- Development and / or acquisition of new products that are used in conjunction with propulsion equipment in line with the newer opportunities under Indian Railways.
- Increase our manufacturing capabilities, reduce operating costs and improve operating efficiencies.
- Make in India and focus on developing in-house intellectual property rights.
- Scalable Business Model with Focus on High-Value Products and opportunity to enter into rolling stock manufacturing capabilities.
Risk Of MV Electrosystems IPO
- The company's existing assembling cum manufacturing facility, Research, Design & Development Centre and the location where existing cable protection & interconnected products facility is proposed to be shifted, all are situated in the state of Haryana. Concentration of all the facilities in the state of Haryana, India, may expose us to regional risks that could adversely affect its business, results of operations, financial condition, and cash flows.
- The company in the process of shifting operations for existing cable protection & interconnected products facility from Village Baghola, Palwal, Haryana ("Unit 1"), where it is presently situated, to Nangla Bhiku, Pawal, Haryana ("Unit 2") and installing new machinery for 3-Phase Propulsion Equipment, and any delays, cost overruns or execution failures may adversely affect its business and financial condition.
- The company's revenue from operations have not been steady in the past and had been fluctuating and we may not be able to sustain growth in line with its current executable order book and current approval from CLW, Indian Railways. The company's inability to scale business in a timely manner within budget estimates, the quality of its product, services during maintenance contract could adversely affect the company's business, results of operations, financial condition and cash flows.
- Any delay or failures in obtaining, renewing or maintaining statutory and regulatory approvals, or non-compliance with applicable laws, could adversely affect its business and operations. Further, the company has not received registration under the Contract Labour (Regulation and Abolition) Act, 1970 ("Contract Labour Act") and accordingly the company may be subject to regulatory action by the governmental authorities, which could adversely affect its business and operations.
- The Company has a high working capital requirement and working capital projections made by the Company are based on its management's assumptions. The company may require alternate funding in Financial Year ending March 31, 2026 and March 31, 2027 post utilization of the Net Proceeds and if the Company is unable to raise sufficient working capital, the operations of the Company will be adversely affected.
- The determination of the Price Band and Issue Price is based on various factors and assumptions and the Issue Price may not be indicative of the Market Price of the Equity Shares after the Issue. Further, there are no listed companies that is of similar size of its operations and also undertake the production of propulsion equipment and therefore qualitative or quantitative peer comparison cannot be undertaken.
- Certain Equity Shares have been issued by our Company and transferred by its Promoter and Promoter Group shareholders in the secondary sale (as detailed below) during the preceding one year at prices (as proportionately adjusted for the split of face value of Equity Shares of Rs. 10 each to Rs. 5 each) that may be lower than the Issue Price.
- There have been certain discrepancies in the past in relation to statutory compliances or filings required to be made by us, as well as there are certain other non-compliances / delays by the Company. Consequently, the company may be subject to regulatory actions and penalties for any such non-compliance and its business, financial condition and reputation may be adversely affected.
- In one instance in the past, our Company has returned raw materials / components imported by the company back to the Indian subsidiary of the supplier without giving intimation or obtaining prior approval from the Reserve Bank of India under the provisions of the Foreign Exchange Management Act, 1999 and the applicable rules and regulations issued thereunder. Imposition of penalty for not obtaining such approval may have an adverse effect on its results of operations, financial condition and cash flows.
- The company is undertaking research, design & development activities to develop newer power electronics equipment required in Indian Railways and require significant expenditure and capital outlay, which may not yield the intended results in a timely manner or at all, and adversely affect its financial condition and results of operations.
Objectives MV Electrosystems IPO
1. Investment in research design and development activities for new power electronic equipment
2. General Corporate Purpose
Company Contact Details
MV Electrosystems Ltd. Address
1207/89 12th Floor, Hemkunt Chambers,
Nehru Place, New Delhi, New Delhi, 110019
Phone: +91 92 1199 9711
Email: cs@mvelectrosystems.com
Website: http://www.mvmobility.in/
Registrar Contact Details
MV Electrosystems FAQs
The MV Electrosystems IPO is a MAINBOARD public issue comprising 6823529 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹290.00 Cr. The issue price has been fixed at ₹425 per equity share, and the minimum application size is 34 shares.
The IPO opens for subscription on 30 Jul 2026, and closes on 03 Aug 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹107 (25.18%).
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