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Latest GMP
- Lead Manager
- Sundae Capital Advisors Private Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 30th Jul 2026
- IPO Close Date
- 3rd Aug 2026
- Allotment date
- 4th Aug 2026
- Listing date
- 6th Aug 2026
- Issue Size
- ₹ 290 Cr.
- Issue Price Band
- ₹ 400 to 425
- Lot Size
- 34 Share
- Minimum Investment
- ₹ 14450
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About MV Electrosystems Limited
Incorporated in 2009, MV Electrosystems Ltd. is engaged in the design, development, assembly, and manufacturing of electrical and power electronics equipment used in railway rolling stock.
Its products include IGBT-based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and management products, and electrical components, systems, and sub-systems.
The company operates within India’s rail infrastructure transition, driven by mandated broad-gauge electrification, Make-in-India procurement requirements, and the expansion of the network, including upcoming high-speed corridors. It follows integrated design, production, and quality-testing processes with an emphasis on innovation, precision engineering, and client-centric solutions.
Product Portfolio
- Propulsion Equipment
- Cable protection & management products
Research & Development
The company has an in-house Research, Design & Development Centre at Plot No. 7, Site No. 2, 14/3, Mathura Road, Faridabad, Haryana, India. This facility serves as the technological backbone of its operations, focused on innovation, engineering, and the advancement of complex and high-performance power electronics and other railway systems.
Workforce
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 promoters and management team with strong implementation skills and operational effectiveness
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 29-07-2026 | ₹425 | ₹106 | ₹531 ( 24.94% ) | ₹3,604.00 | 29-Jul-2026 10:13 AM |
| 28-07-2026 | ₹425 | ₹110 | ₹535 ( 25.88% ) | ₹3,740.00 | 28-Jul-2026 04:41 PM |
Financials of MV Electrosystems Limited
A quick overview of the key financial performance of MV Electrosystems Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 23%, Profit after Tax (PAT) decreased by 1002%, Total Assets increased by 97% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 50.57 | 64.64 | 49.79 |
| Assets | 65.58 | 74.12 | 145.74 |
| Total Income | 50.57 | 64.64 | 49.79 |
| Profit After Tax | 0.56 | 1.40 | -12.63 |
| EBITDA | 6.41 | 8.92 | -9.94 |
| Net Worth | 16.53 | 17.91 | 62.57 |
| Reserves & Surplus | 9.15 | 8.77 | 52.34 |
| Total Borrowings | 27.59 | 27.50 | 49.89 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | -31.55 |
| ROCE (%) | -17.69 |
| Debt / Equity | 0.8 |
| RoNW (%) | -20.29 |
| PAT Margin (%) | -25.36 |
| EBITDA Margin (%) | -19.97 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
-6.52
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
67.99
-
|
| Market Cap | 8695160000 |
IPO Lead Manager(s)
Lead Manager Details
- Sundae Capital Advisors Private Limited
- Contact Person: Chirag Pareek / Vanita Soni
- SEBI Registration Number: INM000012494
- Investor Grievance Email: grievances.mb@sundaecapital.com
- Website: https://www.sundaecapital.com/
- Email: mvel.ipo@sundaecapital.com
- Phone: +91 87 9622 8221 / +91 22 4515 5887
- Address: 306-307, 'AT', Mahakali Caves Road, Andheri (East), Mumbai - 400 093, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- Phone
- +91 40 6717 2222 / 18003094001
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi 500032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- MV Electrosystems Limited
- cs@mvelectrosystems.com
- Phone
- +91 92 1199 9711
- Contact Person
- Sourabh Bansal
- Corporate Identity Number
- U31401HR2009PLC140536
- Address
- Plot No. 7, Site No. 2, 14/3, Mathura Road, Faridabad - 121 003, Haryana, India
MV Electrosystems Limited FAQs
