MV Electrosystems IPO Oversubscribed 12x!

The public offering for MV Electrosystems has garnered substantial investor interest, with bids received for 4.79 crore shares against the 39.87 lakh shares available. This resulted in the issue being subscribed 12.03 times by the close of bidding on Friday, July 31, 2026. The IPO, which opened on July 30, 2026, is set to conclude on August 3, 2026.

The price band for the shares has been fixed between Rs 400 and Rs 425. The company's public issue comprises a fresh issue of equity shares aggregating up to Rs 290 crore. Funds raised will be directed towards long-term working capital needs (Rs 180 crore), investment in R&D for new power electronic equipment (Rs 21 crore), and general corporate purposes.

MV Electrosystems, a technology-driven entity founded by Mohit Vohra, focuses on designing, developing, and manufacturing electrical and power electronics equipment primarily for railway rolling stock. Its product range includes propulsion systems and switchgear panels.

Ahead of the IPO, the company secured Rs 130.49 crore from anchor investors on July 29, 2026, by allotting shares at Rs 425 each. In the fiscal year ending March 31, 2026, MV Electrosystems reported a consolidated net loss of Rs 12.63 crore on sales of Rs 49.43 crore. Indian Railways represented a significant portion of its revenue in FY26.