MV Electrosystems Limited

 MV Electrosystems Limited Initial Public Offering to Open on Thursday, July 30, 2026, Price Band set at Rs. 400 – Rs. 425 Per Equity Share

(L-R) Mr. Mohit Vohra, Non Executive Director; Mr. Pankaj Rastogi, Managing Director and Mr. Ajay Kumar, CFO of MV Electrosystems Limited’s addressing to the media at their IPO Price Band announcement, Mumbai.)

  • Price band of Rs. 400 – Rs. 425 per Equity Share bearing face value of Rs. 5 each (“Equity Shares”)
  • Bid/Issue Opening Date – Thursday, July 30, 2026 and Bid/Issue Closing Date – Monday, August 03, 2026
  • Anchor Bidding Date is Wednesday, July 29, 2026
  • Minimum Bid Lot is 34 Equity Shares and in multiples of 34 Equity Shares thereafte
Mumbai, July 27, 2026: MV Electrosystems Limited (“Company”) has fixed the price band of Rs. 400/- to Rs. 425/- per Equity Share of face value Rs. 5/- each for its initial public offer.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Thursday, July 30, 2026, for subscription and will close on Monday, August 03, 2026.
Investors can bid for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter.
Equity Shares outstanding as on date are 2,04,59,200 equity shares of Rs. 5 each.
The IPO is a fresh issue of Equity Shares up to Rs. 2,900 million.
Out of the Issue Proceeds, Rs. 1,800 million will be for funding long-term working capital requirements of the Company, Rs. 210 million for investment in research, design and development activities for new power electronic equipment, and balance towards general corporate purposes.
The Issue is being made through the book-building process, wherein not less than 75% of the Issue is allocated to Qualified Institutional Bidders, and, not more than 15% and 10% of the Issue is allocated to Non-Institutional Bidders and Retail Individual Bidders, respectively.

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