MV Electrosystems IPO Price: ₹400 to ₹425 per share
IPO Dates: 30 Jul to 3 Aug, 2026
Company Overview
Incorporated in 2009, MV Electrosystems Ltd. is engaged in the design, development, assembly, and manufacturing of electrical and power electronics equipment used in railway rolling stock. Its product portfolio includes IGBT-based three-phase drive propulsion equipment for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and management products, and electrical components, systems, and sub-systems.
The company operates within India’s rail infrastructure transition, supported by broad-gauge electrification, Make in India procurement requirements, and the expansion of the railway network, including upcoming high-speed corridors.
As of May 31, 2026, the company had 206 employees.
Business Operations
MV Electrosystems operates through integrated design, production, and quality-testing processes, with a focus on innovation, precision engineering, and client-centric solutions.
Its key product offerings include:
- Propulsion equipment.
- Cable protection and management products.
The company also has an in-house Research, Design and Development Centre located in Faridabad, Haryana, which serves as the technological backbone of its operations. The facility focuses on innovation, engineering, and the development of complex, high-performance power electronics and railway systems.
Market Position
The company operates in India’s railway electrification and rolling stock sector, benefiting from the ongoing expansion of the railway network, broad-gauge electrification, and Make in India procurement initiatives.
Customer Base
The company has long-standing and deep relationships with Indian Railways.
Competitive Strengths
- Engineering and systems design-focused railway company with strong in-house research, design, and development capabilities for highly engineered and complex railway systems.
- Precision-driven design and development capabilities for safety-critical and complex railway electrical equipment, creating high barriers to entry.
- Long-standing and deep relationships with Indian Railways.
- Experienced promoter and management team with strong implementation skills and operational effectiveness.
Bidding Starts In
MV Electrosystems IPO Specifics:
| IPO Date | 30 Jul to 3 Aug, 2026 |
| Listing Date | Thu, Aug 6, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹400 to ₹425 |
| Lot Size | 34 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size |
68,23,528 shares (agg. up to ₹290 Cr) |
| Fresh Issue |
68,23,528 shares (agg. up to ₹290 Cr) |
| Share Holding Pre Issue | 2,04,59,200 shares |
| Share Holding Post Issue | 2,72,82,728 shares |
MV Electrosystems IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Thu, Jul 30, 2026 |
| IPO Close | Mon, Aug 3, 2026 |
| Allotment | Tue, Aug 4, 2026 |
| Refund | Wed, Aug 5, 2026 |
| Credit of Shares | Wed, Aug 5, 2026 |
| Listing | Thu, Aug 6, 2026 |
MV Electrosystems IPO Lot Size
Bidders have the opportunity to bid for a minimum of 34 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,450 |
| Retail (Max) | 13 | 442 | ₹1,87,850 |
| S-HNI (Min) | 14 | 476 | ₹2,02,300 |
| S-HNI (Max) | 69 | 2,346 | ₹9,97,050 |
| B-HNI (Min) | 70 | 2,380 | ₹10,11,500 |
MV Electrosystems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
MV Electrosystems IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 145.74 | 74.12 | 65.58 |
| Total Income | 49.79 | 64.64 | 50.57 |
| Profit After Tax | -12.63 | 1.40 | 0.56 |
| EBITDA | -9.94 | 8.92 | 6.41 |
| Net Worth | 62.57 | 17.91 | 16.53 |
| Reserves & Surplus | 52.34 | 8.77 | 9.15 |
| Total Borrowing | 49.89 | 27.50 | 27.59 |
Key Performance Indicator – MV Electrosystems IPO
| KPI | Value |
|---|---|
| ROE | -31.55% |
| ROCE | -17.69% |
| Debt/Equity | 0.80 |
| RoNW | -20.29% |
| PAT Margin | -25.36% |
| EBITDA Margin | -19.97% |
| Price to Book Value | 13.90 |
| EPS (₹) | -6.17 |
| P/E (x) | -68.88 |
| Promoter Holding | 76.92% |
| Market Cap | ₹1,159.52 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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