The initial public offering (IPO) of MV Electrosystems Ltd has opened for subscription today, July 30, 2026, and investors can apply until August 3, 2026.
The company plans to raise Rs 290 crore through the public issue.
MV Electrosystems manufactures electrical and power electronics equipment used in railway rolling stock and serves India’s growing railway infrastructure sector.
If you are planning to invest, here are the most important details you should know before applying.
IPO Size, Price Band and Important Dates
MV Electrosystems’ IPO is a book-built issue worth Rs 290 crore.
The entire issue consists of a fresh issue of 0.68 crore equity shares, with no Offer for Sale (OFS).
The company has fixed the price band at Rs 400 to Rs 425 per share.
Here are the important IPO dates:
IPO Opens: July 30, 2026
IPO Closes: August 3, 2026
Expected Allotment: August 4, 2026
Tentative Listing: August 6, 2026
Stock Exchanges: NSE and BSE
Lot Size and Minimum Investment
The minimum application size for retail investors is 34 shares.
At the upper price band of Rs 425 per share, investors will need to invest at least Rs 14,450 to apply for one lot.
Reservation for Different Investor Categories
The IPO has been divided among different investor categories as follows:
Qualified Institutional Buyers (QIBs): At least 75% of the net issue
Retail Investors: Up to 10% of the net issue
Non-Institutional Investors (NIIs): Up to 15% of the net offer
Lead Manager and Registrar
Sundae Capital Advisors Pvt. Ltd. is the book-running lead manager for the IPO.
KFin Technologies Ltd. has been appointed as the registrar to the issue.
About MV Electrosystems Ltd
Founded in 2009, MV Electrosystems Ltd designs, develops and manufactures electrical and power electronics equipment used in railway rolling stock.
Its major products include:
IGBT-based three-phase drive propulsion equipment for electric locomotives
Switchgear panels for railway coaches and EMUs
Cable protection and management products
Electrical components, systems and sub-systems
The company operates in India’s railway infrastructure sector, benefiting from railway electrification projects, the government’s Make in India initiative, and the expansion of the rail network, including future high-speed rail corridors.
MV Electrosystems follows an integrated design, manufacturing and quality testing process with a focus on innovation, precision engineering and customised solutions.
MV Electrosystems IPO: Key Details at a Glance
| Particular | Details |
|---|---|
| IPO Size | Rs 290 crore |
| Issue Type | Book Build Issue |
| Issue Structure | Entirely Fresh Issue |
| Fresh Issue | 0.68 crore equity shares |
| Price Band | Rs 400–425 per share |
| IPO Opens | July 30, 2026 |
| IPO Closes | August 3, 2026 |
| Expected Allotment | August 4, 2026 |
| Tentative Listing | August 6, 2026 |
| Listing Exchanges | NSE and BSE |
| Lot Size | 34 shares |
| Minimum Retail Investment | Rs 14,450 |
| Lead Manager | Sundae Capital Advisors Pvt. Ltd. |
| Registrar | KFin Technologies Ltd. |
Investors should carefully review the company’s business, financial performance and risk factors before making an investment decision.
