MV Electrosystems, a manufacturer of railway electrical equipment, has scheduled the opening of its initial public offering (IPO) for July 30. The company will raise ₹290 crore through a book‑built issue of 68 lakh equity shares.
On July 29, the grey‑market premium (GMP) for the MV Electrosystems shares stood at ₹106, according to InvestorGain and IPO Watch. This premium indicates a likely listing gain of about 25 % above the upper end of the IPO price band, though it is an unofficial indicator.
The IPO price band has been set at ₹400–425 per share. Subscriptions will remain open until August 3, giving investors a four‑day window to apply.
Allocation will be split with 75 % of the net issue reserved for qualified institutional buyers (QIBs), 15 % for non‑institutional investors (NIIs), and the remaining 10 % for retail investors.
Each lot consists of 34 shares. At the top of the price band, a retail investor must invest a minimum of ₹14,450 for one lot and can buy up to 13 lots, totaling ₹1,87,850.
Sundae Capital Advisors Private Limited will act as the book‑running lead manager, while KFin Technologies Limited will serve as the registrar for the issue.
The basis of allotment is expected to be finalised on August 4, 2026, and the shares are scheduled to list on the BSE and NSE on August 6, 2026.
According to the company’s red‑herring prospectus, revenue rose from ₹49.96 crore in FY24 to ₹62.64 crore in FY25 before falling to ₹49.43 crore in FY26. Net profit grew from ₹0.56 crore in FY24 to ₹1.40 crore in FY25, but a net loss of ₹12.63 crore was reported in FY26.
MV Electrosystems designs, develops, assembles, and manufactures electrical and power electronics equipment for railway rolling stock. Its product range includes IGBT‑based three‑phase drive propulsion systems, switchgear panels for coaches and EMUs, cable protection systems, and other electrical components.
The company plans to use the net proceeds from the IPO to meet long‑term working capital needs, invest in research and development of new power electronics, and support general corporate purposes.
With a strong grey‑market signal and a clear use‑of‑proceeds plan, MV Electrosystems’ IPO presents an opportunity for investors looking to tap into the railway equipment sector.