MV Electrosystems IPO

Railway Electrical Equipment (Power Electronics) - Listed on 06 August 2026

+22.4% listing gain
Issue Price (Upper)
Rs 425
Listing Price
Rs 520
Closing Price (NSE)
Rs 624
Total Subscription
188.85x

MV Electrosystems IPO listing summary

MV Electrosystems (Railway Electrical Equipment (Power Electronics)) closed its IPO window in 2026 and listed on NSE and BSE on 06 August 2026 at an upper band issue price of Rs 425, opening at Rs 520 for a listing gain of +22.4% and closing day one at Rs 624 (+46.8% on closing basis). The IPO was subscribed 188.85x overall - QIB 90.47x, HNI/NII 374.58x, Retail 205.42x. The total issue size was Rs 290 Cr (Fresh Issue Rs 290 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About MV Electrosystems

Railway Electrical Equipment (Power Electronics)

MV Electrosystems makes railway electrical equipment and power-electronics products used in rail and transport infrastructure. Its business benefits from railway electrification and modernisation spending. That places. MV Electrosystems in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. Competition, working-capital discipline and the pace of new orders remain important factors in how this business develops. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company’s business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About MV Electrosystems IPO

Issue structure, listing outcome and context

The ₹290 crore. IPO was a fresh issue at ₹425. Shares listed at ₹520 and moved sharply higher as investors responded to the railway-infrastructure theme. It was a fresh issue of ₹290 crore, so the company was the direct recipient of the new capital. The stock listed at ₹520, a reported opening gain of 22.35%. The final assessment belongs with the company’s official filings, exchange disclosures and subsequent financial performance. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company’s subsequent disclosures.

Listing day performance

Listing Gain (Open)
+22.35%
Listing Gain (Close)
+46.82%
Day Change After Listing
+20.00%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB90.47x
HNI / NII374.58x
Retail205.42x
Overall188.85x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 13.64x
Day 212.03x
Day 3 (Final)188.85x

MV Electrosystems IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 105+24.71%
Day 2Rs 110+25.88%
Day 3Rs 108+25.40%
Day 4Rs 110+23.53%
Day 5Rs 90+21.18%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
21.2%-25.9%
IPOGyani AI Prediction
24.8%
Actual Listing Gain
+22.4%

Prediction Accuracy: 2.5 pp (Highly accurate)

Issue & financials

Issue SizeRs 290 Cr
Fresh IssueRs 290 Cr
OFSRs 0 Cr
IPO PE-86.92
Peer / Sector PE88.83
PE vs Sector Ratio-0.98
Latest EBITDA (Cr)-19.97
Debt / Equity0.80

Market context at listing

How the broader market moved around the MV Electrosystems IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-
Nifty 1W Return-
Nifty 1M Return-
Nifty during IPO window-

MV Electrosystems IPO - FAQs

What was the listing gain of MV Electrosystems IPO?

MV Electrosystems IPO listed at +22.4% versus the upper issue price of Rs 425 on 06 August 2026.

How many times was MV Electrosystems IPO subscribed?

MV Electrosystems IPO was subscribed 188.85x overall. QIB portion was subscribed 90.47x, HNI / NII 374.58x and Retail 205.42x.

What was the IPO GMP for MV Electrosystems?

IPO GMP started at Rs 105 on Day 1 and moved to Rs 90 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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