MV Electrosystems IPO
Price Band
₹400 – ₹425
Issue Size
₹290 Cr
Issue Dates
30 Jul – 3 Aug 2026
Listing Date
6 Aug 2026
About MV Electrosystems Limited
Design, development, assembly and manufacturing of electrical & power electronics equipment for railway rolling stock, including IGBT-based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMUs, and cable protection & management products.
IPO Details
| Price Band | ₹400 – ₹425 |
| Face Value | ₹5 |
| Issue Size | ₹290 Cr |
| Fresh Issue | ₹290 Cr |
| Total Shares Offered | 68,23,528 |
| Listed On | Both |
Objects of the Issue
Funding long-term working capital requirements (₹180.00 Cr); investment in research, design and development activities for new power electronic equipment (₹21.00 Cr); general corporate purposes. Total ₹201.00 Cr.
Key Financial Metrics
EPS (Basic)
₹-6.17
P/E Ratio
-68.88x
ROE
-31.55%
ROCE
-17.69%
Debt / Equity
0.8
Financial Performance
| Particulars (₹ Cr) | FY 2023-24 | FY 2024-25 | FY 2025-26 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 6.41 | 8.92 | -9.94 |
| PAT | 0.56 | 1.4 | -12.63 |
| Total Assets | 65.58 | 74.12 | 145.74 |
| Net Worth | 16.53 | 17.91 | 62.57 |
| Total Borrowings | 27.59 | 27.5 | 49.89 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail | 34 shares | ₹14,450 | ₹1,87,850 |
| shni | 14 × 34 | ₹2,02,300 | ₹9,97,050 |
| bhni | 70 × 34 | ₹10,11,500 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB Shares Offered (Not less than 75% of Net Issue) | 75% | No |
| Retail Shares Offered (Not more than 10% of Net Issue) | 10% | Yes |
| NII Shares Offered (Not more than 15% of Net Offer) | 15% | No |
Registrar & Lead Managers
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| MV Electrosystems IPO (this IPO) | — | 1,159.52 | ₹-6.17 | -68.88x | -31.55% |
| Fujiyama Power Systems Ltd. | Yes | — | — | 40.85x | — |
| Emmvee Photovoltaic Power Ltd. | Yes | — | — | 34.9x | — |
| Saatvik Green Energy Ltd. | Yes | — | — | 24.35x | — |
Data as of 29/7/2026
Important Dates
Community Discussion
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