MV Electrosystems IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 68.13 | 50.57 | 64.64 | 49.79 |
| Expense | 66.37 | 49.47 | 62.24 | 66.59 |
| Profit (PAT) | 1.19 | 0.56 | 1.40 | 12.63 |
| Total Assets | 44.76 | 65.58 | 74.12 | 145.74 |
Promoters: Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan and Ramendra Pratap Singh
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,04,59,200 | 78.75% |
| Promoter Holding Post Issue | 2,72,82,728 | 76.92% |
Strengths & Risks
- Heavily oversubscribed — 200.7x overall (so far).
- Strong institutional (QIB) demand — 96.1x.
- Solid profit margin — 25.4%.
- Revenue fell 23% in the latest reported year.
- Modest return on equity — -32%.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
MV Electrosystems is one of the leading electrical and power electronics equipment manufacturers for railway rolling stock. Its main products include indigenous IGBT-based 3-Phase Drive Propulsion Equipment for electric locomotives, switchgear panels for coaches and EMUs, cable protection systems and related electrical components. The firm focuses on the design, development, assembly, and production of electrical and power electronics equipment. Moreover, the firm has also received approval for the prototype of its in-house developed traction converter-inverter, auxiliary converter, vehicle control unit, and driver display systems. The firm has an R&D centre with its manufacturing facilities in Palwal, Haryana, that follows high-quality manufacturing standards. Moreover, the firm has developed its own propulsion technology (a technology that powers trains), one of the few companies to have this capability.
| Purpose | Amount (Cr) |
|---|---|
| Investment in research design and development activities for new power electronic equipment | 21.00 |
| General Corporate Purpose | - |
Resources & Documents
MV Electrosystems Ltd., 1207/89, 12th Floor, Hemkunt Chambers,, Nehru Place,, New Delhi, New Delhi, 110019
MV Electrosystems has set a price band of Rs 400–Rs 425 per share for an issue size of Rs 290 crore. The stock listed with a 22.35% gain versus its issue price on August 06, 2026.
MV Electrosystems is one of the leading electrical and power electronics equipment manufacturers for railway rolling stock. Its main products include indigenous IGBT-based 3-Phase Drive Propulsion Equipment for electric locomotives, switchgear panels for coaches and EMUs, cable protection systems and related electrical components.
The issue is promoted by Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan and Ramendra Pratap Singh with Sundae Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Investment in research design and development activities for new power electronic equipment (Rs 21 crore) and General Corporate Purpose.
Grey market is quoting a premium of +Rs 106 (+24.9% over issue price), up Rs 31 from the previous session. Final subscription data records overall subscription at 200.66x, retail at 218.25x, QIB at 96.13x, NII at 397.99x.
On fundamentals, the company is posting revenue growth of -23.0%, a profit margin of 25.4%, return on equity of -31.6% in its most recent reported period. Listed peers in this segment include Hind Rectifiers Limited (P/E 88.83x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
MV Electrosystems IPO GMP — What It Means
The latest grey market premium for MV Electrosystems IPO is ₹106 (+24.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For MV Electrosystems it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full MV Electrosystems GMP history and trend, or learn how grey market premium works and how reliable it is.
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