MV ELECTROSYSTEMS LIMITED
₹ 400 - ₹ 425
30-Jul-2026 - 03-Aug-2026
₹ 14450.00

/ 34 Shares

MV ELECTROSYSTEMS LIMITED

30-Jul-2026 - 03-Aug-2026

₹ 400 - ₹ 425

Price Band

₹ 14450.00

Minimum Investment

34

Bid Lot

6,823,528

Shares

  • Face Value - ₹ 5/- Per Share

  • Listing at NSE BSE

  • 20,069 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating up to RS. 290 Cr

Category % Shares/Amount
QIB 75% 5,117,680 Shares RS.217.50 CR
HNI 1 5% 341,156 Shares RS.14.50 CR @ 717 FORM 1X
HNI 2 10% 682,346 Shares RS.29.00 CR @ 1434 FORM 1X
Retail 10% 682,346 Shares RS.29.00 CR @ 20069 FORM 1X

BRLMs: Sundae Capital Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
20069 FORM 1X 717 FORM 1X 1434 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 34 ₹ 14,450
Retail (Upto 2 Lakh) 13 442 ₹ 187,850
S-HNI (2 Lakh to 10 Lakh) 14 476 ₹ 202,300
S-HNI (2 Lakh to 10 Lakh) 69 2346 ₹ 997,050
B-HNI (Above 10 Lakh) 70 2380 ₹ 1,011,500

IPO Timeline

  • Open Date

    30-Jul-2026

  • Close Date

    03-Aug-2026

  • Basis of Allotment Date

    04-Aug-2026

  • Initiation of Refunds

    05-Aug-2026

  • Credit Shares to Demat A/c

    05-Aug-2026

  • IPO Listing Date

    06-Aug-2026

About Company

  • MV Electrosystems Limited is engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in Railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems.
  • Operating from a modern integrated facility, the company manages the complete product lifecycle including design, prototyping, precision manufacturing, testing, and commissioning. Its portfolio covers IGBT converters, auxiliary converters, vehicle control units, driver display units, and cable protection products, delivering application-specific solutions for both domestic and international railway projects.
  • As of June 2026, MV Electrosystems’ total executable order book aggregated to ?921.64 crore (excluding taxes). This includes the supply of 564 3-Phase Propulsion Equipment and AMC on 555 propulsion sets valued at ?79.9 crore for a period of three years after completion of the warranty.
  • The company received a developmental order from Chittaranjan Locomotive Works (CLW), Indian Railways for one IGBT-based 3-Phase Drive Propulsion Equipment with Composite Converter for WAP-7 locomotives. The order value is ?2.51 crore, along with a three-year comprehensive AMC worth ?0.15 crore.
  • The company also secured an order from Modern Coach Factory (MCF), Indian Railways for six Microprocessor-controlled IGBT 3-Phase Propulsion Equipment for MEMU 12-car rakes. The equipment is valued at ?86.55 crore, with a three-year AMC of ?4.69 crore, aggregating to a total order value of ?91.23 crore, excluding taxes.
  • Additionally, the company received an order from Banaras Locomotive Works (BLW), Indian Railways for one 2x500 KVA Hotel Load Converter. The order value is ?0.80 crore, with a three-year AMC worth ?0.03 crore, bringing the total to ?0.83 crore, excluding taxes.
  • Through adherence to RDSO specifications and IEC/EN standards, coupled with strong capabilities in system integration, engineering configuration, and quality assurance, the company positions itself as a reliable partner in railway propulsion and electrification projects, consistently expanding its footprint across Indian Railways.
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Strengths

Competitive Strength 

Business Strategies 

Company Promoters

Company Financials

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
Amount in ? Crore

Objects of the Issue

# 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  
  Total 201.00

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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