WhatsApp
Call Us

Choose Broker-

IPO Open

Thu, Jul 30, 2026

IPO Close

Mon, Aug 3, 2026

Price Band

₹400 to ₹425

Market Cap (Pre-IPO)

₹1,159.52 Cr

IPO Details

  • IPO Date
    30 Jul to 3 Aug, 2026
  • Listing Date
    Thu, Aug 6, 2026
  • Face Value
    ₹5 per share
  • Price Band
    ₹400 to ₹425
  • Lot Size
    34 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    68,23,528 shares (agg. up to ₹290 Cr)
  • Fresh Issue
    68,23,528 shares (agg. up to ₹290 Cr)
  • Share Holding Pre Issue
    2,04,59,200 shares
  • Share Holding Post Issue
    2,72,82,728 shares

IPO Timetable (Tentative)

  • IPO Open
    Thu, Jul 30, 2026
  • Allotment
    Tue, Aug 4, 2026
  • Credit of Shares
    Wed, Aug 5, 2026
  • IPO Close
    Mon, Aug 3, 2026
  • Refund
    Wed, Aug 5, 2026
  • Listing
    Thu, Aug 6, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Net Issue
NII Shares Offered Not more than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 34 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 34 ₹14,450
Retail (Max) 13 442 ₹1,87,850
S-HNI (Min) 14 476 ₹2,02,300
S-HNI (Max) 69 2,346 ₹9,97,050
B-HNI (Min) 70 2,380 ₹10,11,500

About MV Electrosystems Ltd.

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.

Company Financials (Restated)

MV Electrosystems Ltd.’s revenue decreased by 23% and profit after tax (PAT) dropped by 1000% between the financial year ending with March 31, 2026 and March 31, 2025.   (Amount in ₹ Crore)

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

Recently Listed IPOs in Other Electrical Equipment

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Fujiyama Power Systems Ltd. Mainboard ₹828.00 Cr ₹228 40.85 ₹208.44 -8.58% ₹383.80 (+2.39%)
Emmvee Photovoltaic Power Ltd. Mainboard ₹2,900.00 Cr ₹217 34.9 ₹219.40 +1.11% ₹331.00 (+3.46%)
Saatvik Green Energy Ltd. Mainboard ₹900.00 Cr ₹465 24.35 ₹440.70 -5.23% ₹440.55 (+0.92%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding long-term working capital requirements of the Company
    180.00
  • 2 Investment in research design and development activities for new power electronic equipment
    21.00
  • 3 General corporate purpose
  • Total
    201.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE -31.55%
ROCE -17.69%
Debt/Equity 0.80
RoNW -20.29%
PAT Margin -25.36%
EBITDA Margin -19.97%
Price to Book Value 13.90

 

Pre IPO Post IPO
EPS (₹) -6.17 -ve
P/E (x) -68.88 -ve
Promoter Holding 76.92%
Market Cap ₹1,159.52 Cr.
Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan, Ramendra Pratap Singh
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Sundae Capital Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

MV Electrosystems Ltd. Address
Plot No. 7,
Site No 2, 14/3,
Mathura Road,
Faridabad, Haryana, 121003

IPO FAQs

MV Electrosystems IPO is a main-board IPO of 68,23,528 equity shares of the face value of ₹5 aggregating up to ₹290 Crores. The issue is priced at ₹400 to ₹425. The minimum order quantity is 34.

The IPO opens on Thu, Jul 30, 2026, and closes on Mon, Aug 3, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in MV Electrosystems IPO using UPI as a payment gateway. Angel One customers can apply in MV Electrosystems IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in MV Electrosystems IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘MV Electrosystems IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The MV Electrosystems IPO opens on Thu, Jul 30, 2026 and closes on Mon, Aug 3, 2026.

MV Electrosystems IPO lot size is 34, and the minimum amount required for application is ₹14,450.

You can apply in MV Electrosystems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for MV Electrosystems IPO will be done on Tuesday, August 4, 2026, and the allotted shares will be credited to your demat account by Wed, Aug 5, 2026. Check the MV Electrosystems IPO allotment status.

The MV Electrosystems IPO listing date is not yet announced. The tentative date of listing is Thu, Aug 6, 2026.

Stock Broker Reviews India

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited 2

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

Advertisments

Compare India's most trusted brokers side-by-side to find your perfect match.