Archive · 3 Aug 2026
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.
MV Electrosystems Ltd launched an IPO on 30 July 2026, targeting ₹290 crore.
Shares priced at ₹400‑₹425, with a grey‑market premium of ₹120, up 20 rupees from the previous day.
Subscription levels were 12.03× overall, 39.76× retail, 15.77× NII, and 0.91× QIB.
Brokerages GEPL Capital and Ventura Securities recommend subscribing; Swastika Investmart advises against.
Allotment expected 4 August 2026, with listing on BSE and NSE on 6 August 2026.
- Who
- MV Electrosystems Ltd and investors
- What
- Initial public offering of MV Electrosystems Ltd
- When
- Issue opened 30 July 2026; allotment 4 August 2026; listing 6 August 2026
- Where
- Indian primary market, BSE and NSE
- Why
- To raise capital for working capital and expand manufacturing capabilities
- Company
- MV Electrosystems Ltd
- IPO Size
- ₹290 crore
- Price Band
- ₹400-₹425 per share
- Subscription Multiple
- 12.03x overall
- Listing Date
- 6 August 2026