MV Electrosystems Limited
MainboardMVELECTRO • BSE, NSE
Issue details
Price band
₹400 - ₹425
Lot size
34 shares
Issue size
₹169.47 Cr
Min. investment
₹14,450
Registrar
KFin Technologies
Subscription
137.74x
Grey market premium
Est. gain+₹106 · 25%
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IPO Timeline
Open
30 Jul
Close
3 Aug
Allotment
4 Aug
Listing
6 Aug
- Refunds & demat credit
- 5 Aug 2026
- Mandate end
- 18 Aug 2026
- Anchor lock-in 50%
- 3 Sep 2026
- Anchor lock-in 100%
- 2 Nov 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 34shares 1 lot · ₹14,450 | 442shares 13 lots · ₹1,87,850 |
| sNII (₹2L–₹10L) | 476shares 14 lots · ₹2,02,300 | 2,346shares 69 lots · ₹9,97,050 |
| bNII (above ₹10L) | 2,380shares 70 lots · ₹10,11,500 | No limit funds permitting |
Based on the upper price band of ₹425 and a lot of 34 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 10,87,498 | 29,11,25,442 | 267.70x |
| bNII (above ₹10L) | 3,62,499 | 8,42,75,120 | 232.48x |
| Retail (IND) | 7,24,999 | 11,19,38,336 | 154.40x |
| Total | 39,87,491 | 54,92,30,900 | 137.74x |
Last updated 90 days ago.
Issue structure
Face value
₹5 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹290 Cr
68,23,528 shares
Shares pre-issue
2,04,59,200
Shares post-issue
2,72,82,728
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | -6.17 | — |
| P/E | -68.88 | — |
| Market cap | ₹869.52 Cr. | ₹1,702.44 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | -31.55% |
| ROCE | -17.69% |
| Debt/Equity | 0.80 |
| RoNW | -20.29% |
| PAT Margin | -25.36% |
| EBITDA Margin | -19.97% |
| NAV | 30.58 |
| Price to Book Value | 13.90 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 49.79 | 64.64 | 50.57 |
| Profit after tax | -12.63 | 1.4 | 0.56 |
| EBITDA | -9.94 | 8.92 | 6.41 |
| Net worth | 62.57 | 17.91 | 16.53 |
| Assets | 145.74 | 74.12 | 65.58 |
| Reserves & surplus | 52.34 | 8.77 | 9.15 |
| Total borrowing | 49.89 | 27.5 | 27.59 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding long-term working capital requirements of the Company₹180 Cr
- 2.Investment in research design and development activities for new power electronic equipment₹21 Cr
- 3.General corporate purpose₹53.46 Cr
- 4.Issue Expenses₹35.54 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Indo-MIM Ltd.Mainboard | ₹485 | 44.01 | ₹741.75 | +52.94% |
| Lohia Corp Ltd.Mainboard | ₹425 | 23.21 | ₹494.60 | +16.38% |
| Omnitech Engineering Ltd.Mainboard | ₹227 | 54.47 | ₹204.93 | -9.72% |
| Epack Prefab Technologies Ltd.Mainboard | ₹204 | 29.49 | ₹190.66 | -6.54% |
| Merritronix Ltd.SME | ₹149 | 11.83 | ₹297.25 | +99.50% |
| Adisoft Technologies Ltd.SME | ₹172 | 12.82 | ₹215.25 | +25.15% |
| Highness Microelectronics Ltd.SME | ₹120 | 16.7 | ₹129.75 | +8.12% |
| Tipco Engineering India Ltd.SME | ₹89 | 8.73 | ₹84.79 | -4.73% |
| Gabion Technologies India Ltd.SME | ₹81 | 12.18 | ₹93.41 | +15.32% |
| Admach Systems Ltd.SME | ₹239 | 19.56 | ₹200.75 | -16.00% |
| Apollo Techno Industries Ltd.SME | ₹130 | 9.43 | ₹151.95 | +16.88% |
| HRS Aluglaze Ltd.SME | ₹96 | 26.07 | ₹132.30 | +37.81% |
| Purple Wave Infocom Ltd.SME | ₹126 | 9.33 | ₹130.50 | +3.57% |
| Shining Tools Ltd.SME | ₹114 | 16.18 | ₹98.80 | -13.33% |
| True Colors Ltd.SME | ₹191 | 14.66 | ₹183.05 | -4.16% |
| L.T.Elevator Ltd.SME | ₹78 | 12.31 | ₹142.90 | +83.21% |
| Airfloa Rail Technology Ltd.SME | ₹140 | 9.57 | ₹279.30 | +99.50% |
| Taurian MPS Ltd.SME | ₹171 | 11.29 | ₹220.50 | +28.95% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.