MV Electrosystems IPO Sees Strong Subscription, Mixed Advice

MV Electrosystems Ltd, a company that makes electric train parts, decided to sell shares to the public on 30 July 2026.

They want to raise about 290 crore rupees by selling new shares at a price between 400 and 425 rupees each.

Many people bought the shares, so the price in the grey market went up to 120 rupees.

Some brokerages say investors should buy the shares, while one says they should stay away.

The shares will be officially given to buyers on 4 August and will start trading on the stock exchanges on 6 August.