MV Electrosystems Limited IPO Sees Blockbuster Response, Issue 188.85x Subscribed

 by Shrutee Kate 

 Mr. Sunu Mathew, Founder & Managing Director, Leap India Ltd at the IPO press conference in Mumbai.

Mumbai, August 3, 2026: The Initial Public Offering of MV Electrosystems Limited IPO was subscribed 188.85 times on the final day of bidding.

The issue received bids of 75,30,51,278 equity shares against the offered 39,87,491 equity shares, according to data available on the stock exchanges.

Retail and Qualified Institutional Buyers (QIB) Portion were subscribed 205.42 times and 90.47 times, respectively. Non-Institutional Investors (NII) Portion was subscribed 374.58 times.

Company Information

The company is a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches and EMU’s, cable protection and management products and electrical components, systems & sub-systems.

With a focus on indigenous innovation and sustainable rail transportation, the company is aligned with national and global goals for self-dependence, rail electrification and decarbonization.

On September 15, 2025, the company has received approval from CLW, Indian Railways for its in-house designed and developed IGBT based 3-Phase Drive Propulsion equipment (3-Phase Propulsion Equipment) which includes traction converter-inverter system, auxiliary converter, vehicle control units / train control management system and driver display units - all designed and developed by the company indigenously to meet international safety and performance standards.

 Find the attached table below:

MV Electrosystems Limited 

Last updated on

03 Aug 2026 | 05:18:00 PM

Sr.No.

Category

No.of shares offered/reserved

No. of shares bid for

No. of times of total meant for the category

1 Qualified Institutional Buyers (QIBs)

21,74,994

19,67,74,048

90.47

1(a)Foreign Institutional Investors (FIIs)

-3,71,18,412

-1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)

-5,55,00,070

-1(c) Mutual Funds

-53,61,936

-1(D)Others

-9,87,93,630

-2 Non Institutional Investors(NIIS)

10,87,498

40,73,51,552

374.58

2.1 Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)

7,24,999

28,63,60,954

394.98

2.1(a)Corporates

-19,48,268

-2.1(b)Individuals (Other than RIIs)

-27,28,39,358

-2.1(c)Others

-1,15,73,328

-2.2 Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees)

3,62,499

12,09,90,598

333.77

2.2(a)Corporate 

1,92,848

-2.2(b)Individuals (Other than RIIs)

-11,72,91,058

-2.2(c) Others

-35,06,692

-3 Retail Individual Investors (RIIs)

7,24,999

14,89,25,644

205.42

3(a)Cut Off

-12,71,75,878

-3(b)Price Bids

- 2,17,49,766

- 4 Employee Reserved

-4(a)Employee (Cut off)

-4(b)Employee (Price)

-5 Reservation PortionShareholder

-5(a)RPS (Cut off)

-5(b)RPS (Price)

-Total

39,87,491

75,30,51,244

188.85