MV Electrosystems IPO Day 2: Subscription Status, Timeline & Key Issue Details

MV Electrosystems’ ₹290 crore IPO entered its second day of subscription today, July 31, 2026, with a price band of ₹400 to ₹425 per share. As of 10:45 AM on Day 2, the issue had been subscribed 5.36 times.

The IPO will remain open for subscription until August 3, 2026. The basis of allotment is expected to be finalised on August 4, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 6, 2026.

MV Electrosystems IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue Only)
• Total Issue Size: Up to ₹290.00 crore
• Fresh Issue: Up to ₹290.00 crore
• Offer for Sale (OFS): Not Applicable
• Face Value: ₹5 per equity share
• Price Band: ₹400 to ₹425 per share
• Lot Size: 34 shares
• Minimum Investment for Retail Investors: ₹14,450 (34 shares) (based on upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Sundae Capital Advisors Private Limited
• Registrar: KFin Technologies Limited

MV Electrosystems IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Meeting the company's long-term working capital requirements.
• Funding research, design and development (R&D) of new power electronics equipment
• General corporate purposes

MV Electrosystems Day 2 Subscription Status

[July 31, 2026, 10:45 AM]

About MV Electrosystems Limited

Established in 2009, MV Electrosystems Limited is a technology-driven company that designs, develops, assembles, and manufactures electrical and power electronics solutions for the railway industry. Its product portfolio includes propulsion systems for electric locomotives, switchgear panels for railway coaches and Electric Multiple Units (EMUs), cable protection and management systems, as well as a range of electrical components and sub-systems used in railway rolling stock.

The company supports India's railway modernisation initiatives, including railway electrification, the Make in India programme, and the development of high-speed rail networks. With an in-house engineering team, it develops proprietary traction and propulsion technologies for electric locomotives, metro rail systems, Mainline Electric Multiple Units (MEMUs), EMUs, and Vande Bharat trains.

Key Financial Highlights

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