MV Electrosystems IPO Day 3: Subscription Status, Timeline & Key Issue Details

MV Electrosystems’ ₹290 crore IPO entered its final day of subscription today, August 3, 2026, with a price band of ₹400 to ₹425 per share. As of 10:15 AM on Day 3, the issue had been subscribed 15.42 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 3 Subscription Status

[August 3, 2026, 10:15 AM]

About MV Electrosystems Limited

Founded in 2009, MV Electrosystems Limited is a technology-focused company engaged in the design, development, assembly, and manufacturing of electrical and power electronics solutions for the railway sector. Its product range includes propulsion systems for electric locomotives, switchgear panels for railway coaches and Electric Multiple Units (EMUs), cable protection and management systems, and various electrical components and sub-systems used in railway rolling stock.

The company contributes to India's railway modernisation efforts through solutions aligned with railway electrification, the Make in India initiative, and high-speed rail development. Backed by 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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