MV Electrosystems Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

MV Electrosystems Ltd IPO

We are a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in Railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU's, cable protection & management products and electrical components, systems & sub-systems. On September 15, 2025, we have received approval from CLW, Indian Railways for our in-house designed and developed IGBT Based 3-Phase Drive Propulsion equipment which includes traction converter inverter system, auxiliary converter, vehicle control units / train control management system and driver display units - all designed and developed by our Company indigenously to meet international safety and performance standards.

MV Electrosystems Ltd IPO Details

Total Shares Offered

₹ 68,23,529

Offer to Public

TBA

Retail Max (Shares)

₹ 6,82,353

Pre Issue Promoters Holding

₹ 1,57,37,200

Exchange

BSE

Issue size

₹ 290 Cr

IPO Open Date

Jul 30, 2026

Close Date

Aug 3, 2026

Lot Size

Min Investment

₹ 13,600

Issue Type

Book Building

Listing Date

Aug 6, 2026

MV Electrosystems Ltd IPO Dates

Jul 30, 2026

Opening date

Aug 3, 2026

Closing date

Aug 4, 2026

Basis of Allotment

Aug 5, 2026

Initiation of Refunds

Aug 5, 2026

Credit of Shares

Aug 6, 2026

Listing date

Details

Sector	Type
Sector	Electronics - Components
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	5117647
NII	0x	1023529
Retail	0x	682353
Employee	0x	0
Total	0x	6823529

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

5117647

1023529

682353

6823529

MV Electrosystems Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	-13.43	6.04	3.86
EBITDA	-10.06	9.51	6.70
PAT	-12.63	1.40	0.56
Total Assets	104.50	50.51	39.85
Share Capital	10.23	9.14	7.37
Total Borrowings	76.32	31.50	28.10
Operating Activities (Net Cash)	-9.26	4.87	3.40
Investing Activities (Net Cash)	-1.95	-0.19	-0.71
Financing Activities (Net Cash)	76.32	31.50	28.10
Net Cashflow	0.18	0.08	0.15

About MV Electrosystems Ltd

MV Electrosystems Limited (Company or Issuer) was originally incorporated as `MV Electrosystems Private Limited' on July 03, 2009 at Delhi as private limited company under the Companies Act, 1956. Subsequently, our Company was converted into a public limited company, the word `private' was struck off from the name of our Company and consequently, a fresh certificate of incorporation dated November 26, 2021 was issued by the RoC, recording the change of our Company's name to `MV Electro systems Limited'.

Our Company caters to two different category of products in the Railways industry, namely (i) design, development, assembly and manufacturing of electrical & power electronics equipment; and (ii) cable protection & management products and electrical components, systems & sub-systems. The Indian railway propulsion equipment industry has shown growth, increasing from USD 561.1 million in CY20 to USD 855.3 million in CY24, reflecting an 11.1% CAGR over this period. This rapid expansion is supported by India's large-scale railway electrification drive, investments in metro networks, and the government's emphasis on modern, efficient transport systems. Further, the Indian market size of railway cable assemblies rising from USD 42.4 million in CY20 to USD 65.4 million in CY24, reflecting a compound annual growth rate (CAGR) of 11.5% during this period.

Peer Comparison:

Hind Rectifiers Limited

MV Electrosystems Ltd Key Points

Strengths

Engineering and systems design focused railways company with strong in-house research, design & development capabilities for highly engineered and complex railway systems, combining precision and domain expertise.

Ability to create precision driven design & development capabilities and safety critical & complex railway electric equipment acts as high barriers to entry in this segment.

Long-standing and deep relationship with Indian Railways.

Experienced Promoter and management team with strong implementation skills and operational effectiveness.

Risk

We are dependent on and derive a substantial portion of our revenue from a limited number of customers. Further, Indian Railway, through is various units or workshops, has been the single largest customer of our Company and constituted 76.72%, 72.96% and 67.80% of our revenue from operations during the Financial Years ended March 31, 2026, March 31, 2025 and March 31, 2024 respectively. Cancellation of orders, if any, by customers or delay or reduction in their orders could have a material adverse effect on our business, results of operations and financial condition.

Any delay or failure in obtaining, renewing or maintaining statutory and regulatory approvals, or non-compliance with applicable laws, could adversely affect our business and operations.

Our existing assembling cum manufacturing facility, Research, Design & Development Centre and the location where existing cable protection & interconnected products facility is proposed to be shifted, all are situated in the state of Haryana. Concentration of all the facilities in the state of Haryana, India, may expose us to regional risks that could adversely affect our business, results of operations, financial condition, and cash flows.

Strategy

Leverage our domain experience and capabilities by continuing to diversify our product base and increase penetration across different global regions & synergetic potential applications like Renewable Energy Projects.

Development and / or acquisition of new products that are used in conjunction with propulsion equipment in line with the newer opportunities under Indian Railways.

Increase our manufacturing capabilities, reduce operating costs and improve operating efficiencies.

Make in India and focus on developing in-house intellectual property rights.

Scalable Business Model with Focus on High-Value Products and opportunity to enter into rolling stock manufacturing capabilities.

How To Apply for MV Electrosystems Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

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Go through the IPO details like lot size, price band, about the company, etc.

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Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

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Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the MV Electrosystems Ltd IPO?

MV Electrosystems Ltd's IPO offers shares for up to 290 It begins on Jul 30, 2026 and ends on Aug 3, 2026.

What is the price of the MV Electrosystems Ltd IPO?

The price of MV Electrosystems Ltd IPO ranges between ₹400 to ₹425 per share.

What are the open and close dates for the MV Electrosystems Ltd IPO?

The MV Electrosystems Ltd IPO opens on Jul 30, 2026 and closes on Aug 3, 2026.

When will the MV Electrosystems Ltd IPO be allotted?

The allotment for the MV Electrosystems Ltd IPO will be finalised on Aug 4, 2026. The shares will be listed on BSE and NSE on Aug 6, 2026.

What is the minimum lot size required for MV Electrosystems Ltd IPO?

The minimum lot size for MV Electrosystems Ltd IPO is 34 shares, priced between ₹400 to ₹425 per share.

What is the GMP of MV Electrosystems Ltd IPO?

The GMP (Grey Market Premium) of MV Electrosystems Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of MV Electrosystems Ltd IPO?

To check the allotment status of MV Electrosystems Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the MV Electrosystems Ltd IPO getting listed?

The MV Electrosystems Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 30, 2026, and closes on Aug 3, 2026. The allotment is finalised on Aug 4, 2026.

How do you apply for the MV Electrosystems Ltd IPO?

To apply for the MV Electrosystems Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.