MV Electrosystems IPO Opens Today: Know Price Band& Issue Details

Mumbai | July 30, 2026 

MV Electrosystems Ltd. has opened its initial public offering (IPO) for public subscription today, July 30, 2026. The book-built issue will remain open for bidding until August 3, 2026. The company aims to raise ₹290 crore through a fresh issue of 68.24 lakh equity shares, with no offer for sale component.

The proceeds from the issue will be utilised towards funding long-term working capital requirements, investment in research and development for new power electronics equipment, and general corporate purposes.

What is the Price Band and Lot Size? 

The price band for the MV Electrosystems IPO has been fixed at ₹400–₹425 per equity share.

Investors can bid for a minimum of 34 equity shares, requiring a minimum investment of ₹14,450 at the upper end of the price band. Thereafter, bids can be placed in multiples of 34 shares.

MV Electrosystems  IPO Dates 

IPO Opens: July 30, 2026

IPO Closes: August 3, 2026

Basis of Allotment (Tentative): August 4, 2026

Refund Initiation: August 5, 2026

Credit of Shares: August 5, 2026

Tentative Listing: August 6, 2026 on the BSE and NSE

The IPO is being managed by Sundae Capital Advisors Pvt. Ltd., while KFin Technologies Ltd. has been appointed as the registrar to the issue.

MV Electrosystems Financials

For the financial year ended March 31, 2026, MV Electrosystems reported:

Total Income: ₹49.79 crore

Total Assets: ₹145.74 crore

Net Worth: ₹62.57 crore

The company reported a loss after tax of ₹12.63 crore in FY26, compared with a profit after tax of ₹1.40 crore in FY25.

About MV Electrosystems 

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 product portfolio includes IGBT-based three-phase drive propulsion equipment for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and management products, electrical components, and related systems and sub-systems.

The company operates through an integrated design, production, and quality-testing process and has an in-house research, design and development centre in Faridabad, Haryana..

MV Electrosystems benefits from India’s ongoing railway infrastructure expansion, including broad-gauge electrification, Make in India procurement initiatives, network expansion, and upcoming high-speed rail corridors. The company focuses on precision engineering, innovation, and client-centric solutions to deliver high-performance railway electrical systems.

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