MV Electrosystems Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 38.91x | 5,117,680 | 199,120,184 | ₹218 Cr |
| NII (HNI) | 🔥 395.65x | 1,023,502 | 404,946,256 | ₹43 Cr |
| Retail | 🔥 210.59x | 682,346 | 143,698,348 | ₹29 Cr |
| Σ Total | 🔥 109.59x | 6,823,528 | 747,764,788 | ₹290 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,450 |
| Retail (Max) | 13 | 442 | ₹187,850 |
| S-HNI (Min) | 14 | 476 | ₹202,300 |
| B-HNI (Min) | 67 | 2,278 | ₹968,150 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 50 | 65 | 51 |
| EBITDA | -10 | 9 | 6 |
| Profit After Tax | -13 | 1 | 1 |
| Net Worth | 63 | 18 | 17 |
| Total Assets | 146 | 74 | 66 |
| Reserves & Surplus | 52 | 9 | 9 |
| Total Borrowing | 50 | 28 | 28 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding long-term working capital requirements of the Company – 180.00
- Investment in research design and development activities for new power electronic equipment – 21.00
- General corporate purpose –
Company Overview
Incorporated in 2009, MV Electrosystems Ltd. is engaged in 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.
The company operate within India’s rail infrastructure transition driven by mandated broad-gauge electrification, Make-inIndia procurement requirements and the expansion of the network, including upcoming high-speed corridors. MV Electrosystems Ltd. operates through integrated design, production, and quality-testing processes. The company emphasizes innovation, precision engineering, and client-centric solutions, enabling reliable performance and long-term value across diverse industries and product categories.
Products:
- Propulsion Equipment
- Cable protection & management products
The company has in-house Research, Design & Development Centre based at Plot No. 7, Site No. 2, 14/3, Mathura Road, Faridabad, Haryana, India is the technological backbone of our operations, dedicated to innovation, engineering and advancement of complex and high-performance power electronics and other railway systems.
As of May 31, 2026. the company had 206 employees.
Competitive Strengths:
- Engineering and systems design focused railways company with strong in-house research, design & development capabilities for highly engineered and complex railway systems, combining precision and domain expertise.
- Ability to create precision driven design & development capabilities and safety critical & complex railway electric equipment acts as high barriers to entry in this segment.
- Long-standing and deep relationship with Indian Railways
- Experienced Promoter and management team with strong implementation skills and operational effectiveness.