GMP IPO Watch
MV Electrosystems IPO 2026: How the Company is Supporting India's Power & Industrial Infrastructure Growth
MV Electrosystems Limited is expected to launch its IPO, attracting investors interested i...
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M
Mainboard IPO
LISTED
BSE, NSE
MVELECTRO
MV Electrosystems IPO
MV Electrosystems IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹109
+25.6%
Est. Listing: ₹534.00
Price Band
₹400 - ₹425
Per equity share
Lot Size
34 Shares
Min Invest: ₹14,450
Issue Size
₹290 Cr
Total Public Offering
Issue Dates
29 July 2026 – 2 August 2026
Bidding period
Subscription
188.85x
Total overall demand
MV Electrosystems IPO Details
Key facts at a glance| IPO Open Date | 29 July 2026 | IPO Close Date | 2 August 2026 |
|---|---|---|---|
| Basis of Allotment | 3 August 2026 | Listing Date | 5 August 2026 |
| Price Band | ₹400 - ₹425 per share | Face Value | ₹10 per share |
| Market Lot Size | 34 Shares | Min Investment (Retail) | ₹14,450 |
| Total Issue Size | ₹290 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
MV Electrosystems IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 29 July 2026 | Confirmed |
| IPO Close Date | 2 August 2026 | Confirmed |
| Basis of Allotment | 3 August 2026 | Tentative |
| Initiation of Refunds | 5 August 2026 | Tentative |
| Credit of Shares to Demat | 5 August 2026 | Tentative |
| IPO Listing Date | 5 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 3 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
MV Electrosystems IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 34 Shares | ₹14,450 |
| Retail (Max) | 13 Lots | 442 Shares | ₹1,87,850 |
| S-HNI (Min) | 14 Lots | 476 Shares | ₹2,02,300 |
| S-HNI (Max) | 69 Lots | 2,346 Shares | ₹9,97,050 |
| B-HNI (Min) | 70 Lots | 2,380 Shares | ₹10,11,500 |
MV Electrosystems IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹109 +25.6%
Estimated Listing Price
₹534.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 3 Aug 2026 | ₹115 | ₹540.00 | +27.06% |
| 31 Jul 2026 | ₹120 | ₹545.00 | +28.24% |
| 30 Jul 2026 | ₹100 | ₹525.00 | +23.53% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
MV Electrosystems IPO Subscription Status
Demand breakdown by investor category
Retail
205.42x
QIB
90.47x
NII / HNI
—
Total
188.85x
About MV Electrosystems
MV Electrosystems Limited manufactures switchgear panels for railway coaches and EMUs, cable protection and interconnected products, and electrical components, systems, and sub-systems for railway rolling stock. The company operates through its assembling cum manufacturing facilities in Haryana, along with a dedicated Research, Design and Development Centre. Its operations expand into power electronics equipment, including the development, assembly, and supply of microprocessor-controlled IGBT-based 3-Phase Drive Propulsion Equipment for Indian Railways. The company generates revenue by selling its products directly and through tenders to public- and private-sector clients, with Indian Railways as its primary customer. MV Electrosystems’ offerings also include annual maintenance services following warranty periods for its propulsion equipment.
Key Strengths
- Strong in-house engineering and R&D capabilities for designing complex railway power electronics and propulsion systems.
- High technical and regulatory entry barriers in the railway equipment sector due to stringent safety and approval standards.
- Established long-standing supplier relationships with Indian Railways across multiple operating units.
- Integrated product lifecycle approach combining in-house product design, manufacturing, and quality testing.
- Experienced promoter and management team with extensive domain knowledge in railway systems.
Key Risks
- Heavy reliance on Indian Railways, which accounts for the majority of total operational revenues.
- All manufacturing and R&D facilities are concentrated geographically in the state of Haryana.
- Significant dependency on foreign suppliers for critical imported raw materials and electronic components.
- Operational reliance on temporary purchase orders and competitive tenders rather than long-term customer contracts.
- History of negative cash flows from operating activities in recent financial years.
MV Electrosystems IPO Reservation & Share Quotas
The MV Electrosystems IPO follows the SEBI-prescribed allocation structure for a Book Building Issue. The issue is reserved across various investor categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors. This allocation ensures balanced participation from institutional and retail investors.
The category-wise reservation below shows the percentage of shares reserved for each investor segment. The final allotment in each category will depend on the subscription received during the IPO period.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Note: The exact number of shares reserved for each category, including the Anchor Investor allocation, will be updated once the company announces the final issue structure before the IPO opens.
MV Electrosystems IPO Anchor Investors
The MV Electrosystems IPO has scheduled its Anchor Investor Bidding on July 29, 2026, one working day before the public issue opens. The anchor portion is reserved for Qualified Institutional Buyers (QIBs) and is intended to attract institutional participation before the IPO opens for subscription.
After the completion of the anchor book process, the company will announce the names of the participating anchor investors, the number of shares allotted, and the total amount raised. The allotted shares will remain subject to the mandatory lock-in period prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 29, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | August 28, 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | October 30, 2026 |
Note: The final Anchor Investor list, total shares allotted, and anchor issue size will be updated after the completion of the anchor allocation process and the official announcement by the company.
MV Electrosystems IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Jul 2026 |
| IPO Close Date | 03 Aug 2026 |
| Basis of Allotment | 04 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 06 Aug 2026 |
Note: The timeline for MV Electrosystems IPO is tentative and subject to change.
MV Electrosystems Promoters and Shareholding Pattern
MV Electrosystems Limited is promoted by Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan, and Ramendra Pratap Singh. The promoter group has been instrumental in establishing the company's presence in the electrical and power solutions industry while driving its operational growth and business expansion.
Following the completion of the IPO, the promoters will continue to retain a majority stake in the company, reflecting their long-term commitment and confidence in the future growth of MV Electrosystems Limited.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 2,04,59,200 | 78.75% |
| Promoter Holding Post Issue | 2,72,82,728 | 76.92% |
Note: The post-issue promoter shareholding is based on the proposed issue structure and may be subject to minor changes upon completion of the IPO process and final allotment.
MV Electrosystems Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
About MV Electrosystems IPO
MV Electrosystems is one of the leading electrical and power electronics equipment manufacturers for railway rolling stock. Its main products include indigenous IGBT-based 3-Phase Drive Propulsion Equipment for electric locomotives, switchgear panels for coaches and EMUs, cable protection systems and related electrical components.
The firm focuses on the design, development, assembly, and production of electrical and power electronics equipment. Moreover, the firm has also received approval for the prototype of its in-house developed traction converter-inverter, auxiliary converter, vehicle control unit, and driver display systems. The firm has an R&D centre with its manufacturing facilities in Palwal, Haryana, that follows high-quality manufacturing standards. Moreover, the firm has developed its own propulsion technology (a technology that powers trains), one of the few companies to have this capability.
MV Electrosystems Company Financial Report
To Be Updated Soon
MV Electrosystems Company Valuation & Key Performance Indicators
To Be Updated Soon
MV Electrosystems Peer Group Comparison
To Be Updated Soon
MV Electrosystems Lead Managers & Merchant Bankers
- Sundae Capital Advisors Pvt. Ltd.
MV Electrosystems IPO FAQs
MV Electrosystems IPO opens for subscription on 29 July 2026 and closes on 2 August 2026.
The price band for MV Electrosystems IPO is set at ₹400.00 to ₹425.00 per share.
The minimum market lot size is 34 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 34 Shares (₹14,450).
The latest Grey Market Premium (GMP) for MV Electrosystems IPO is ₹109. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for MV Electrosystems IPO is tentatively scheduled for 3 August 2026, and shares are expected to list on the stock exchanges on 5 August 2026.
The registrar details will be confirmed in the official prospectus.
MV Electrosystems IPO Analysis & Articles
