MV Electrosystems IPO GMP today is Rs 109. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
MVELECTRO
MV Electrosystems IPO GMP & Allotment
MV Electrosystems Limited manufactures switchgear panels for railway coaches and EMUs, cable protection and interconnected products, and electrical components, systems, and sub-systems for railway rolling stock. The company operates through its assembling cum manufacturing facilities in Haryana, along with a dedicated Research, Design and Development Centre. Its operations expand into power electronics equipment, including the development, assembly, and supply of microprocessor-controlled IGBT-based 3-Phase Drive Propulsion Equipment for Indian Railways. The company generates revenue by selling its products directly and through tenders to public- and private-sector clients, with Indian Railways as its primary customer. MV Electrosystems’ offerings also include annual maintenance services following warranty periods for its propulsion equipment.
- IPO Price Band
- ₹400.00 - ₹425.00
- Lot Size
- 34 Shares
- Bidding Closes
- 03 Aug 2026
- Listing Date
- 06 Aug 2026
Quick Answer & Highlights
MV Electrosystems IPO GMP Today & Key Takeaways
Last updated: 03 Aug 2026
MV Electrosystems IPO officially listed on 06 Aug 2026 at Rs 520.00, delivering a +22.35% listing gain compared to its issue price of Rs 425.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹109.
MV Electrosystems IPO officially listed on 06 Aug 2026 at ₹520.00, delivering a +22.35% listing gain compared to its issue price of ₹425.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹109.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹109 | +25.65% vs upper band (03 Aug 2026) |
| Est. Listing Price | ₹520.00 | +22.35% Est. Listing Gain |
| Price Band | ₹400.00 - ₹425.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,450 | 1 Lot (34 Shares) |
| Bidding Window | 30 Jul 2026 – 03 Aug 2026 | Listed |
| Allotment & Listing Dates | Allotment: 04 Aug 2026 | Listing: 06 Aug 2026 |
Current GMP Status
₹109
+25.65% vs upper band
Est. Listing Gain
+22.35%
Last Trend
03 Aug 2026
Listing Price
₹520.00
Retail Entry
₹14,450
IPO Details
Complete IPO information
| IPO Open Date | 30 Jul 2026 |
|---|---|
| IPO Close Date | 03 Aug 2026 |
| IPO Price Band | ₹400.00 - ₹425.00 |
| Lot Size | 34 Shares |
| Current GMP | ₹109 |
| Estimated Listing Gain | +22.35% |
| Issue Size | Approx ₹290 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 188.85x |
| Minimum Investment | ₹14,450 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, MV Electrosystems is priced at ₹425 per share. With a minimum lot size of 34 shares, a retail investor applying for one lot would need approximately ₹14,450 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for MV Electrosystems stands at ₹109, implying an estimated listing gain of around 25.65% over the issue price if it holds until listing. This is down ₹5 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, MV Electrosystems's IPO was subscribed 188.85x overall, with a category-wise breakdown of Retail 205.42x, QIB 90.47x.
Among the strengths highlighted in MV Electrosystems's IPO documents: Strong in-house engineering and R&D capabilities for designing complex railway power electronics and propulsion systems.; High technical and regulatory entry barriers in the railway equipment sector due to stringent safety and approval standards..
Investors should also weigh the risk factors MV Electrosystems has disclosed, including: Heavy reliance on Indian Railways, which accounts for the majority of total operational revenues..
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
30 Jul 2026
✓
Bidding Closes
03 Aug 2026
✓
Allotment
04 Aug 2026
✓
Listing
06 Aug 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 30 Jul 2026 | Completed |
| Bidding Closes | 03 Aug 2026 | Completed |
| Allotment | 04 Aug 2026 | Completed |
| Listing | 06 Aug 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 03 Aug 2026 | ₹115.00 | -₹5.00 | 27.06% |
| 31 Jul 2026 | ₹120.00 | +₹20.00 | 28.24% |
| 30 Jul 2026 | ₹100.00 | - | 23.53% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 34 | ₹14,450 |
| Retail Maximum | 13 Lot | 442 | ₹1,87,850 |
| S-HNI Minimum | 14 Lot | 476 | ₹2,02,300 |
| S-HNI Maximum | 69 Lot | 2,346 | ₹9,97,050 |
| B-HNI Minimum | 70 Lot | 2,380 | ₹10,11,500 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Strong in-house engineering and R&D capabilities for designing complex railway power electronics and propulsion systems.
- High technical and regulatory entry barriers in the railway equipment sector due to stringent safety and approval standards.
- Established long-standing supplier relationships with Indian Railways across multiple operating units.
- Integrated product lifecycle approach combining in-house product design, manufacturing, and quality testing.
- Experienced promoter and management team with extensive domain knowledge in railway systems.
Risks
- Heavy reliance on Indian Railways, which accounts for the majority of total operational revenues.
- All manufacturing and R&D facilities are concentrated geographically in the state of Haryana.
- Significant dependency on foreign suppliers for critical imported raw materials and electronic components.
- Operational reliance on temporary purchase orders and competitive tenders rather than long-term customer contracts.
- History of negative cash flows from operating activities in recent financial years.
Analysis
MV Electrosystems IPO Reservation
The MV Electrosystems IPO follows the SEBI-prescribed allocation structure for a Book Building Issue. The issue is reserved across various investor categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors. This allocation ensures balanced participation from institutional and retail investors.
The category-wise reservation below shows the percentage of shares reserved for each investor segment. The final allotment in each category will depend on the subscription received during the IPO period.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Note: The exact number of shares reserved for each category, including the Anchor Investor allocation, will be updated once the company announces the final issue structure before the IPO opens.
Analysis
MV Electrosystems IPO Anchor Investors
The MV Electrosystems IPO has scheduled its Anchor Investor Bidding on July 29, 2026, one working day before the public issue opens. The anchor portion is reserved for Qualified Institutional Buyers (QIBs) and is intended to attract institutional participation before the IPO opens for subscription.
After the completion of the anchor book process, the company will announce the names of the participating anchor investors, the number of shares allotted, and the total amount raised. The allotted shares will remain subject to the mandatory lock-in period prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 29, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | August 28, 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | October 30, 2026 |
Note: The final Anchor Investor list, total shares allotted, and anchor issue size will be updated after the completion of the anchor allocation process and the official announcement by the company.
Analysis
MV Electrosystems IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Jul 2026 |
| IPO Close Date | 03 Aug 2026 |
| Basis of Allotment | 04 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 06 Aug 2026 |
Note: The timeline for MV Electrosystems IPO is tentative and subject to change.
Analysis
MV Electrosystems IPO Promoters and Holding Pattern
MV Electrosystems Limited is promoted by Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan, and Ramendra Pratap Singh. The promoter group has been instrumental in establishing the company's presence in the electrical and power solutions industry while driving its operational growth and business expansion.
Following the completion of the IPO, the promoters will continue to retain a majority stake in the company, reflecting their long-term commitment and confidence in the future growth of MV Electrosystems Limited.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 2,04,59,200 | 78.75% |
| Promoter Holding Post Issue | 2,72,82,728 | 76.92% |
Note: The post-issue promoter shareholding is based on the proposed issue structure and may be subject to minor changes upon completion of the IPO process and final allotment.
Analysis
MV Electrosystems Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
About MV Electrosystems IPO
MV Electrosystems is one of the leading electrical and power electronics equipment manufacturers for railway rolling stock. Its main products include indigenous IGBT-based 3-Phase Drive Propulsion Equipment for electric locomotives, switchgear panels for coaches and EMUs, cable protection systems and related electrical components.
The firm focuses on the design, development, assembly, and production of electrical and power electronics equipment. Moreover, the firm has also received approval for the prototype of its in-house developed traction converter-inverter, auxiliary converter, vehicle control unit, and driver display systems. The firm has an R&D centre with its manufacturing facilities in Palwal, Haryana, that follows high-quality manufacturing standards. Moreover, the firm has developed its own propulsion technology (a technology that powers trains), one of the few companies to have this capability.
Analysis
MV Electrosystems Company Financials
To Be Updated Soon
Analysis
MV Electrosystems Company Valuation – FY2026
To Be Updated Soon
Analysis
MV Electrosystems IPO Peer Group Comparison
To Be Updated Soon
Analysis
IPO Lead Managers aka Merchant Bankers
- Sundae Capital Advisors Pvt. Ltd.
Comparison
Compare MV Electrosystems IPO with similar IPOs
FAQ
MV Electrosystems IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 109 and an issue price of Rs 425, the estimated listing price for MV Electrosystems IPO is Rs 534.00 (approx 25.65% listing gain). Actual listing price is determined by market demand on the listing day.
MV Electrosystems IPO price band is Rs 400.00 to Rs 425.00. Check the latest issue price, lot size and GMP together before applying.
MV Electrosystems IPO open date is 30 Jul 2026, close date is 03 Aug 2026, and listing date is 06 Aug 2026.
MV Electrosystems IPO lot size is 34 shares. The minimum retail investment is Rs 14,450.
MV Electrosystems is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
MV Electrosystems IPO subscription status currently shows Retail 205.42x, QIB 90.47x, Overall 188.85x.
MV Electrosystems Limited manufactures switchgear panels for railway coaches and EMUs, cable protection and interconnected products, and electrical components, systems, and sub-systems for railway rolling stock. The company operates through its assembling cum manufacturing facilities in Haryana, along with a dedicated Research, Design and Development Centre. Its operations expand into power electronics equipment, including the development, assembly, and supply of microprocessor-controlled IGBT-based 3-Phase Drive Propulsion Equipment for Indian Railways. The company generates revenue by selling its products directly and through tenders to public- and private-sector clients, with Indian Railways as its primary customer. MV Electrosystems’ offerings also include annual maintenance services following warranty periods for its propulsion equipment.
MV Electrosystems IPO issue size is 290 and the expected allotment date is 04 Aug 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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