Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
MV Electrosystems IPO
Price Band
₹400.0–425.0
Issue Size
₹290.0 Cr
Lot Size
34 shares
Min Investment
₹14,450
GMP
+₹109.0 (25.65%)
Issue Price
₹425.0
Subject to Sauda
₹2800
Paid only if allotted
MV Electrosystems IPO AI Summary
- MV Electrosystems IPO is listed on BSE, NSE in the Other Electrical Equipment sector.
- Price band: ₹400.0–₹425.0 per share, lot size 34 shares (min. investment ₹14,450).
- Subscription window: 30 Jul–03 Aug 2026, listing on 06 Aug 2026.
- Current GMP is +₹109.0 (25.65%), an estimated listing price of ₹534 — unofficial and can change daily.
MV Electrosystems Ltd. is an IPO in the Other Electrical Equipment sector, focusing on electronic and electromechanical solutions. Despite a strong subscription response, the company faces financial challenges, including negative profit margins. Investors should weigh the potential risks and rewards before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
MV Electrosystems IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Aug 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
200.66x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
96.13x
|
96x ✓ |
| NII (HNI) |
397.99x
|
398x 🔥 |
| ↳ bNII (>₹10L) |
419.67x
|
420x 🔥 |
| ↳ sNII (<₹10L) |
354.63x
|
355x 🔥 |
| Retail (RII) |
218.25x
|
218x 🔥 |
| Total | 200.66x | 200.66x |
Auto-updated every 5 min · As of 3rd Aug 2026 18:56
MV Electrosystems IPO Grey Market Premium (GMP) Today
GMP
+₹109.0
GMP %
+25.65%
Est. Listing
₹534.0
Updated: 06 Aug 2026 10:00
GMP Trend (Last 11 Days)
About the Company
MV Electrosystems Ltd. is engaged in specialized electronic and electromechanical solutions. Since its establishment, the company has focused on delivering high-quality products designed to support industrial, commercial, and technological applications. The company manufactures and supplies a wide range of electronic components, control systems, and customized electrical assemblies. Its offerings support sectors such as power distribution, automation, infrastructure, and industrial equipment manufacturers. 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 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 (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹-6.17
NAV
₹30.58
ROE
-31.55%
ROCE
-17.69%
RoNW
-20.29%
P/B Value
13.90
P/E Ratio
-68.88
Market Cap
₹1159.52 Cr
PAT Margin
-25.36%
Debt/Equity
0.80
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Hind Rectifiers Limited | 60.69 | 21.37% | 88.83 | 13.1 | 13.5 |
| MV Electrosystems Ltd. This IPO | 30.58 | -20.29% | — | -6.52 | -6.52 |
Promoters
Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan, Ramendra Pratap Singh
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 53.46 4 Issue Expenses 35.54 Total 290.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹50.57 Cr in the year ending 31 Mar 2024, rising to ₹64.64 Cr by 31 Mar 2025, before decreasing to ₹49.79 Cr in the year ending 31 Mar 2026, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.56 Cr in the year ending 31 Mar 2024, increasing to ₹1.40 Cr by 31 Mar 2025, but then declining to ₹-12.63 Cr in the year ending 31 Mar 2026, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
MV Electrosystems Ltd. has a negative P/E ratio of -68.88 at the issue price, while peers like Hind Rectifiers Limited are trading at a P/E of 88.83, indicating that this IPO is priced at a significant discount compared to its peers.
Key Risks
Investors should consider the company's negative profit margins and the potential risks associated with operating in a competitive sector. The reliance on long-term relationships with clients, such as Indian Railways, may also pose risks if those relationships are disrupted.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the expected price movement of an IPO on its listing day compared to its issue price. A positive GMP suggests that investors anticipate the stock will list at a higher price than the issue price, while a negative GMP indicates the opposite.
Subscription Demand
The IPO has seen significant interest across various categories, with the total subscription at 200.66 times as of 3rd Aug 2026. The QIB category was subscribed 96.13 times, while the NII category saw a subscription of 397.99 times, and the Retail category was subscribed 218.25 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions. It's essential to consider the financial health and performance trends before making a decision.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with companies showing negative profit margins and financial instability may want to avoid this IPO.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date is 30th July 2026, closing on 3rd August 2026, with allotment on 4th August 2026 and listing on 6th August 2026.
Listing Gains — The Risk
Listing gains can be unpredictable and may vary based on market conditions. While some IPOs may experience a surge in price on the first day of trading, others may not perform as expected. Investors should be prepared for the possibility of price fluctuations.
This evaluation is generated from MV Electrosystems's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is MV Electrosystems IPO GMP today?
MV Electrosystems IPO GMP today is +₹109.0 (25.65%), indicating an estimated listing price of ₹534. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of MV Electrosystems IPO?
The price band of MV Electrosystems IPO is ₹400.0–₹425.0 per share.
When does MV Electrosystems IPO open and close?
MV Electrosystems IPO opens on 30 July 2026 and closes on 03 August 2026.
When does MV Electrosystems IPO list on the stock exchange?
MV Electrosystems IPO listed on 06 August 2026 at ₹534.0.
What is the lot size for MV Electrosystems IPO?
The lot size for MV Electrosystems IPO is 34 shares, requiring a minimum investment of ₹14,450.
What is the issue price of MV Electrosystems IPO?
The issue price of MV Electrosystems IPO is ₹425.
What is the lot size for this IPO?
The lot size for MV Electrosystems IPO is 34 shares.
When is the listing date for MV Electrosystems?
The listing date for MV Electrosystems is 6th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price movement of an IPO on its listing day.
What is the minimum investment required for this IPO?
The minimum investment required for MV Electrosystems IPO is ₹14,450.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2026
Close
03 Aug 2026
Allotment
04 Aug 2026
Listing
06 Aug 2026
Similar IPOs in Other Electrical Equipment
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for MV Electrosystems?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.