MV Electrosystems IPO Closes Today with 12x Bids and Rs 130 Crore Anchor Book
The Rs 290 crore MV Electrosystems IPO closes for bidding on 3 August 2026. Anchor investors put in Rs 130.50 crore, Kotak Mutual Fund led with 40% of that book, and the issue was 12.79 times subscribed by the end of Day 2.
The MV Electrosystems mainboard IPO closes on 3 August 2026 at a price band of Rs 400 to Rs 425 per share, with a lot size of 34 shares. Overall subscription reached 12.79 times by 31 July, with the retail category alone at 42.28x. Allotment is on 4 August and tentative listing on BSE and NSE is on 6 August.
The demand build-up, day by day
MV Electrosystems opened its book on 30 July 2026, closes on 3 August, and is a fresh issue of 68,23,529 equity shares aggregating Rs 290 crore. There is no offer-for-sale portion.
By 5:00 p.m. on 31 July, the overall book stood 12.79 times subscribed. Retail investors led with 42.28x, a signal of strong small-ticket interest. Category limits are the standard 75% for QIBs, 15% for NIIs and 10% for retail. Book-building patterns are moving fast across the IPO market this month, from the Xtranet Technologies opening to the wider Turtlemint IPO GMP conversation.
What Rs 130.50 crore from anchors really tells you
On 29 July, MV Electrosystems finalised its anchor book at Rs 425 per share, raising Rs 130.50 crore from 14 institutional investors and allotting 30,70,587 equity shares. Kotak Mutual Fund is the only domestic mutual fund participant, taking 40.22% of the anchor allocation across three schemes: Kotak Infrastructure and Economic Reform Fund at 18.28%, Kotak Manufacture in India Fund at 10.97%, and Kotak Special Opportunities Fund at 10.97%.
Outside mutual funds, Subhkam Ventures took 13.79%, Shine Star Build Cap 7.66%, and Founders Collective Fund 5.36%. Anchor shares carry a lock-in of 30 days on half the allotment and 90 days on the other half, per SEBI rules.
| Detail | Value |
|---|---|
| Issue type | Mainboard book-built, entirely fresh issue |
| Price band | Rs 400 to Rs 425 per share |
| Lot size | 34 shares, minimum Rs 14,450 at upper band |
| Issue size | Rs 290 crore |
| Anchor raise | Rs 130.50 crore on 29 July, at Rs 425 |
| Open, close, list | 30 July, 3 August, 6 August (tentative) |
| Book-running lead manager | Sundae Capital Advisors |
| Registrar | Kfin Technologies |
Why does the FY26 net loss matter?
Behind the strong book is a hard number. For the year ended 31 March 2026, MV Electrosystems reported total income of Rs 49.79 crore, down about 23% from Rs 64.64 crore in FY25. Net profit swung from a small gain of Rs 1.40 crore in FY25 to a net loss of Rs 12.63 crore in FY26.
The company links the swing to a transition phase. It secured Chittaranjan Locomotive Works approval for its indigenously designed IGBT-based 3-Phase Drive Propulsion equipment in September 2025 and began commercial supplies to Indian Railways in March 2026. That order book is still building. Investors reading a broader IPO conversation, from the SBI Funds Management IPO opening to the Indo MIM Day 2 filings, will recognise this pattern of book strength meeting mixed fundamentals.
The GMP question, answered honestly
Grey market premium is a price quoted by unofficial dealers before listing. It is not regulated by SEBI, not backed by any exchange, and is not a forecast. For MV Electrosystems, unofficial GMP trackers have shown a range of roughly Rs 100 to Rs 135 over the past week, and a level near Rs 120 through the close. That translates to an unofficial premium of about 28% over the upper band, but the number can change every hour.
The safer reads are the official ones: the RHP filed with SEBI on 23 July 2026, the exchange subscription data from BSE and NSE, and the anchor book already on record. Allotment can be verified from 4 August on the registrar’s site and the BSE and NSE portals.
When does the MV Electrosystems IPO close?
The mainboard IPO closes for bidding on Monday, 3 August 2026, after opening on 30 July. Allotment is scheduled for 4 August, with tentative listing on BSE and NSE on 6 August 2026.
What is the MV Electrosystems IPO price band and lot size?
The price band is Rs 400 to Rs 425 per share, on a face value of Rs 5. The lot size is 34 shares, so the minimum retail application at the upper band is Rs 14,450.
Is the MV Electrosystems IPO GMP official?
No. Grey market premium is an unofficial price set by grey market dealers, not regulated by SEBI or backed by any exchange. It is a sentiment indicator only, not a listing forecast.
When is MV Electrosystems IPO allotment and listing?
Allotment is expected on Tuesday, 4 August 2026, with credit to demat accounts and refunds on 5 August. Tentative listing on BSE and NSE is on Thursday, 6 August 2026.
What did MV Electrosystems report for FY26?
For the year ended 31 March 2026, MV Electrosystems reported total income of Rs 49.79 crore, down 23% year-on-year, and a net loss of Rs 12.63 crore against a small profit of Rs 1.40 crore in FY25.
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Full IPO details and the RHP are available on the Chittorgarh IPO listing and the InvestorGain issue page, and readers new to reading a prospectus can start with Bimal Institute’s stock market classes in Indore.
This article summarises publicly reported figures on the MV Electrosystems IPO and is not investment advice. Grey market premium is unofficial and unregulated. IPOs carry risk of listing loss, and past subscription levels do not indicate future returns, so read the RHP and consult a registered adviser before applying.