MV Electrosystems IPO Description – MV Electrosystems is a technology-driven manufacturer focused on the design, development, and supply of advanced electrical and power electronics systems for railway rolling stock. Its core offerings include IGBT-based 3-phase propulsion systems, traction converter-inverter units, vehicle control systems, and switchgear solutions used in electric locomotives, EMUs, and modern trainsets. A key differentiator is its fully indigenous R&D capability, supported by a dedicated engineering center in Faridabad and an assembly facility in Palwal, Haryana. The company has developed high-performance propulsion equipment for 6,000 HP locomotives, positioning itself among a limited set of global players with proprietary rail propulsion technology.
From a commercial standpoint, the company has secured 5 purchase orders from Indian Railways for 123 propulsion systems, totalling ~INR 196.48 crore (ex-GST), with an average realisation of ~INR 1.60 crore per unit. Additionally, long-term AMC contracts add recurring revenue visibility (~INR 12 lakh per unit over 3 years). With certifications such as IRIS (ISO/TS 22163) and multiple ISO standards, the company aligns with global safety and quality benchmarks. As of 31 October 2025, the company employed a total of 232 personnel, including 126 permanent employees and 106 contract personnel.
Promoters of MV Electrosystems – Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan And Ramendra Pratap Singh
MV Electrosystems IPO Details
| MV Electrosystems IPO Dates | Coming soon |
| MV Electrosystems Issue Price | Coming soon |
| Fresh Issue | INR 290.0 crore |
| Offer For Sale | Nil |
| Total IPO Size | INR 290.0 crore |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | 2,04,59,200 shares |
| Face Value | INR 5 per share |
| Listing On | NSE, BSE |
MV Electrosystems IPO Allocation in Different Categories
MV Electrosystems Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 4M FY 2026 | |
| Revenue | 68.07 | 49.96 | 62.64 | 17.29 |
| Expenses | 66.37 | 49.47 | 62.24 | 18.90 |
| Net Income | 1.19 | 0.56 | 1.40 | (4.20) |
| Margin (%) | 1.75 | 1.12 | 2.23 | (24.29) |
MV Electrosystems Offer News
MV Electrosystems Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | 1.62 | 0.78 | 1.51 | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | 1.01 | 1.09 | 1.07 | – |
| FY 2023 | FY 2024 | FY 2025 | |
| ROE (%) | 9.83 | 4.44 | 8.04 |
| NAV | 8.63 | 9.04 | 9.80 |
| ROCE (%) | 15.23 | 14.11 | 22.13 |
| EBITDA (%) | 8.59 | 11.44 | 1.30 |
| Debt/Equity | 1.67 | 1.67 | 1.54 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
MV Electrosystems IPO Anchor Investors
MV Electrosystems raises () from anchor investors. MV Electrosystems Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
MV Electrosystems IPO GMP Today (Daily Trend)
MV Electrosystems Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Funding long-term working capital requirements of the company – INR 180 crore
- Investment in research design and development activities for new power electronic equipment – INR 21 crore
- General corporate purposes
MV Electrosystems IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
MV Electrosystems – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| MV Electrosystems | – | 0.76 | 8.04 | 9.80 | 62.64 |
| Hind Rectifiers | 72.25 | 21.60 | 23.21 | 93.15 | 655.37 |
MV Electrosystems IPO Allotment Status
You can check MV Electrosystems IPO allotment status on Kfin Technologies’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
MV Electrosystems IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| MV Electrosystems IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
MV Electrosystems IPO Reviews – Subscribe or Avoid?
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MV Electrosystems IPO Lead Manager
SUNDAE CAPITAL ADVISORS PRIVATE LIMITED
Level 11, Platina, Plot No C – 59, ‘G’ Block,
Bandra Kurla Complex Bandra (East), Mumbai – 400 051
Phone: +91 22 4515 5887
Email: [email protected]
Website: www.sundaecapital.com
MV Electrosystems Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
MV ELECTROSYSTEMS LIMITED
Plot No. 7, Site No 2, 14/3, Mathura Road,
Faridabad – 121 003, Haryana, India
Phone: +91 92 1199 9711
Email: [email protected]
Website: www.mvelectrosystems.com
IPO Resources
How many shares in MV Electrosystems IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in MV Electrosystems Public Offer?
What is MV Electrosystems IPO GMP today?
MV Electrosystems IPO GMP today is INR NA per share.
What is MV Electrosystems Subject to Sauda rate today?
MV Electrosystems Subject to Sauda rate today is INR NA per application.
