MV Electrosystems IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 5 |
|---|---|---|---|
| QIB | 0.82x | 0.91x | 96.13x |
| NII | 3.76x | 15.77x | 397.99x |
| bNII > ₹10L | 2.72x | 12.70x | 419.67x |
| sNII 2-10L | 5.83x | 21.90x | 354.63x |
| Retail | 11.92x | 39.76x | 218.25x |
| Total | 3.64x | 12.03x | 200.66x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| 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 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| MV Electrosystems This IPO | -6.52 | - | -20.29 | 30.58 | - |
| Hind Rectifiers Limited | 13.10 | 88.83 | 21.37 | 60.69 | 999.13 Cr |
Promoters & Holding Pattern
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%.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About MV Electrosystems
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.
Company Contact Information
MV Electrosystems Ltd., 1207/89, 12th Floor, Hemkunt Chambers,, Nehru Place,, New Delhi, New Delhi, 110019
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Investment in research design and development activities for new power electronic equipment | 21.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
MV Electrosystems IPO - Quick Take
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.
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.
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.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
MV Electrosystems IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 24.9%. Of the 25 Mainboard IPOs we have tracked with a final GMP between 10% and 25%, 22 listed above, 2 flat and 1 below the issue price; MV Electrosystems listed 22.4% above its issue price.
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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