Archive · 30 Jul 2026
MV Electrosystems IPO Draws 3.9× Demand, Strong GMP
MV Electrosystems, a company that makes parts for trains, sold shares to the public in a big event called an IPO.
On the first day, many people wanted to buy the shares, especially regular investors who bought the shares 12.68 times more than the company offered.
The company sold 37.52 lakh shares at a price that could go up to ₹425 each.
In the unofficial market, the shares were trading at ₹120 more than the IPO price, which means people expect the shares to start trading at about ₹545.
The shares will be listed on the BSE and NSE stock exchanges on August 6, and people who bought shares will get them in their accounts on August 5.
MV Electrosystems' IPO attracted 3.87× overall subscription on Day 1, with retail investors leading at 12.68×.
The 290‑crore issue offers 37.52 lakh shares at ₹425 per share, with no offer‑for‑sale component.
Grey market premium reached ₹120 per share, suggesting a listing price near ₹545 and a 28% premium.
The company will list on BSE and NSE on August 6, with allotments finalized on August 4 and refunds starting August 5.
75% of the issue is reserved for QIBs, 15% for NIIs, and 10% for retail investors.
- Who
- MV Electrosystems
- What
- Initial public offering of equity shares
- When
- Open for subscription from July 30 to August 3; listing on August 6
- Where
- BSE and NSE in India
- Why
- To raise capital for growth and development
- Issue size
- ₹290 crore
- Shares offered
- 37.52 lakh
- Price band
- ₹425 per share
- Subscription multiple
- 3.87×
- Grey market premium
- ₹120 per share
- Estimated listing price
- ₹545 per share
- Listing date
- August 6, 2024