MV Electrosystems IPO GMP Today: Date, Price, and Listing Date
MV Electrosystems IPO opens on 30 July 2026 with a price band of ₹400–₹425. Here's the latest GMP, IPO schedule, financial performance, reservation details, and key risks investors should know.
MV Electrosystems IPO GMP Today: The ₹290 crore IPO will open for subscription from 30 July to 3 August 2026. The share allotment is expected to be finalised on 4 August 2026, while the tentative listing date on NSE and BSE is 6 August 2026.
MV Electrosystems IPO GMP: The company was incorporated in 2009 and is based out of Faridabad, Haryana. It is known for manufacturing railway electronics with specialisation in 3-Phase Propulsion Equipment, cable protection materials, and switchgear panels. The company aims to raise ₹290 crore through a fresh issue. Here are all the key details about MV Electrosystems IPO.
MV Electrosystems IPO Details
The key information regarding MV Electrosystems IPO that investors should be aware of is given below:
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MV Electrosystems IPO is worth ₹290 crore, and the issue is entirely a fresh issue.
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The IPO will open on 30 July 2026 and close on 3 August 2026. The price band has been fixed between ₹400 and ₹425 per share.
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The IPO allotment is expected on 4 August 2026, and the shares are likely to be listed on BSE and NSE on 6 August 2026.
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The book running lead manager for this IPO is Sundae Capital Advisors, and the registrar is KFin Technologies.
|
Parameter |
Detail |
|---|---|
|
IPO Open Date |
30 July 2026 |
|
IPO Close Date |
3 August 2026 |
|
Expected Allotment Date |
4 August 2026 (Tentative) |
|
Expected Listing Date |
6 August 2026( NSE and BSE) |
|
Price Band |
₹400 - ₹425 |
|
Lot Size |
34 |
|
Minimum Investment |
₹14,450 |
|
Fresh Issue |
₹290 crore |
|
Offer for Sale (OFS) |
NA |
|
Total Issue Size |
₹290 crore |
MV Electrosystems GMP Today
As of 3 Aug 2026, MV Electrosystems' Grey Market Premium (GMP) stood at ₹115, indicating 27.06%, according to the InvestorGain website, its highest level so far. The lowest GMP recorded was ₹60 on 25 July 2026. GMP levels fluctuate based on market sentiment and investor demand for the IPO.
GMP figures are for news purposes only. We do not offer trading advice or advice in the grey market.
It is important to note that GMP figures are unregulated by SEBI and thus unofficial. GMP represents a trend which may not be completely accurate. It is advised that investors conduct their own due diligence before applying for the IPO.
MV Electrosystems IPO Day 3 Subscription Status
Overall, MV Electrosystems IPO subscribed 3.87 times on Day 1, as of 7:21 PM.
Overall, MV Electrosystems IPO subscribed 12.79 times on Day 2, as of 7:45 PM.
Overall, MV Electrosystems IPO subscribed 200.22 times on Day 3, as of 16:48 PM.
|
Date |
QIB (Ex Anchor) |
NII |
Retail |
Total |
|---|---|---|---|---|
|
30 July (Day 1) |
0.87 |
4.00 |
12.68 |
3.87 |
|
31 July (Day 2) |
0.97 |
16.76 |
42.28 |
12.79 |
|
3 Aug (Day 3) |
96.13 |
397.72 |
216.24 |
200.22 |
Source: NSE, as of 3 Aug 2026,16:48 PM
About MV Electrosystems
Incorporated in 2009, MV Electrosystems Ltd. designs, develops, assembles, and manufactures electrical and power electronics equipment for railway rolling stock. Its product portfolio includes IGBT-based three-phase drive propulsion systems for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and management products, and other railway electrical systems.
The company benefits from India's expanding railway electrification and high-speed rail projects, supported by its in-house Research, Design & Development Centre in Faridabad, Haryana. As of 31 May 2026, MV Electrosystems had 206 employees.
MV Electrosystems IPO Reservation
For MV Electrosystems IPO, 10% of the issue has been reserved for retail investors. In the table below is the breakdown of share allocation across different investor categories:
|
Investor Category |
Shares Offered |
|---|---|
|
QIB Investors |
75% |
|
Retail Investors |
10% |
|
NII (HNI) Investors |
15% |
MV Electrosystems IPO Lot Size
Retail investors can apply for a minimum of 1 lot, includes 34 shares, requiring an investment of ₹14,450. The maximum retail application is 13 lots.
|
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 |
MV Electrosystems IPO Financial Performance
The company has been growing and rose to $937 million in the year 2025 with a compound annual growth rate (CAGR) of 10%. The company is expected to continue being profitable post IPO.
|
Period Ended |
31 Mar 2026 |
31 Mar 2025 |
31 March 2024 |
|---|---|---|---|
|
Revenue from operations (₹ Cr) |
49.43 |
62.64 |
49.96 |
|
Total Income (₹ Cr) |
49.79 |
64.64 |
50.57 |
|
EBITDA (₹ Cr) |
-9.94 |
8.92 |
6.41 |
|
EBITDA Margin (%) |
-19.97% |
13.80% |
12.67% |
|
PAT (₹ Cr) |
-12.63 |
1.40 |
0.56 |
|
PAT Margin (%) |
-25.36% |
2.17% |
1.10% |
|
ROE (%) |
-31.55% |
8.04% |
4.44% |
|
ROCE (%) |
-17.69% |
22.13% |
14.11% |
|
Net Debt/Equity |
0.80 |
1.54 |
1.67 |
Source: MV Electrosystems RHP
READ MORE: Manipal Health Enterprises IPO GMP
MV Electrosystems IPO Peer Comparison from RHP
Compared with its peers, MV Electrosystems has a negative EPS. Generally, a higher EPS is considered a positive indicator of a company's profitability.
|
Company |
EPS (Diluted) |
P/E (x) |
|---|---|---|
|
MV Electrosystems |
-6.52 |
— |
|
Hind Rectifiers |
13.50 |
88.83 |
Conclusion
As of 28 July, MV Electrosystems' Grey Market Premium (GMP) surged to ₹106 from ₹75 earlier. However, the company's heavy dependence on the railway sector remains a key risk that investors should not ignore. Its financial performance has also remained largely flat. The IPO will open for subscription on 30 July 2026 and close on 3 August 2026. The price band has been fixed at ₹400–₹425 per share.
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