MV Electrosystems IPO Details Details

MV Electrosystems IPO is a book-built public issue aggregating to ₹290.00 crore. The entire issue consists of a fresh issue of 0.68 crore equity shares, with no offer for sale (OFS) component. The IPO will open for subscription on July 30, 2026, and close on August 3, 2026. The basis of allotment is expected to be finalised on August 4, 2026, while the shares are tentatively scheduled to list on the NSE and BSE on August 6, 2026. The price band has been fixed at ₹400–₹425 per share. Investors can apply in lots of 34 shares, requiring a minimum investment of ₹14,450 for retail applicants (calculated at the upper price band). Sundae Capital Advisors Private Limited is acting as the Book Running Lead Manager (BRLM), while KFin Technologies Limited has been appointed as the registrar to the issue. For complete information on the company, financials, risk factors, and the offer structure, investors are advised to refer to the Red Herring Prospectus (RHP) of the MV Electrosystems IPO.

IPO Details

IPO Date 30 Jul 26
Listing Date 06 Aug 26
Face Value ₹5 per share
Price Band ₹400 to ₹425
Lot Size 34
Sale Type Fresh capital only
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹290 Cr
Fresh Issue
₹290 Cr
Offer for Sale
Share Holding Pre Issue 2,04,59,200 shares
Share Holding Post Issue 2,72,82,728 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Net Issue
NII Shares Offered Not more than 15% of the Net Offer

About MV Electrosystems IPO Details.


Incorporated in 2009, MV Electrosystems Limited is engaged in the design, development, assembly, and manufacturing of electrical and power electronics equipment for the railway sector. The company specializes in producing IGBT-based 3-phase drive propulsion systems for electric locomotives, switchgear panels for railway coaches and Electric Multiple Units (EMUs), cable protection and management products, as well as a wide range of electrical components, systems, and sub-systems used in railway rolling stock. The company operates in India's rapidly evolving railway infrastructure ecosystem, benefiting from the government's continued focus on broad-gauge electrification, Make in India procurement initiatives, network expansion, and the development of high-speed rail corridors. MV Electrosystems follows an integrated business model encompassing design, engineering, manufacturing, assembly, and quality testing, enabling it to deliver reliable, high-performance, and safety-critical railway solutions. The company emphasizes innovation, precision engineering, and customer-centric product development, creating long-term value for its clients. Product Portfolio IGBT-based 3-Phase Drive Propulsion Equipment for electric locomotives Cable Protection & Management Products Switchgear Panels for railway coaches and EMUs Electrical Components, Systems, and Sub-systems for railway rolling stock The company operates an in-house Research, Design & Development (R&D) Centre in Faridabad, Haryana, which serves as the technological backbone of its operations. The facility is dedicated to innovation, engineering excellence, and the development of high-performance power electronics and other advanced railway systems. As of May 31, 2026, MV Electrosystems employed 206 professionals across engineering, manufacturing, research & development, quality assurance, and corporate functions. Key Competitive Strengths Engineering-driven railway solutions provider with strong in-house Research, Design & Development (R&D) capabilities for highly engineered and complex railway systems. Specialized expertise in designing precision-driven, safety-critical railway electrical equipment, creating significant technological and operational barriers to entry. Long-standing relationships with Indian Railways, supported by a proven execution track record and deep industry knowledge. Experienced promoters and management team with strong implementation capabilities, technical expertise, and operational excellence.

Company Financials (Restated)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 145.74 74.12 65.58
Total Income 49.79 64.64 50.57
Profit After Tax -12.63 1.40 0.56
EBITDA -9.94 8.92 6.41
Net Worth 62.57 17.91 16.53
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding long-term working capital requirements of the Company 180.00
2 Investment in research design and development activities for new power electronic equipment 21.00
3 General corporate purpose 0.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026 -
ROE -31.55%% -%
ROCE -17.69%% -%
Debt/Equity - -
RoNW -20.29%% -%
PAT Margin -25.36%% -%
EBITDA Margin -19.97%% -%

Key Performance Indicator (KPI)

Pre IPO Post IPO
Promoter Holding % 76.92% -
EPS Rs -6.17 -
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

  • Kfin Technologies Ltd.
  • 040-79615565
  • mvelectrosystems.ipo@kfintech.com
  • Visit Website

IPO Lead Manager(s)


Lead Manager Reports

Contact Details

MV Electrosystems Ltd. Address
Plot No. 7, Site No 2, 14/3, Mathura Road, Faridabad, Haryana, 121003

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