MV Electrosystems IPO
Market Sentiment
IPO Details
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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% |
Strengths & Risks
- 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 is preparing a mainboard offering for an issue size of Rs 290 crore. The Mainboard issue is scheduled to open for subscription on July 30, 2026 — 4 days from now.
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 60.
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.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
MV Electrosystems IPO GMP — What It Means
The latest grey market premium for MV Electrosystems IPO is ₹60. 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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