MV Electrosystems Limited IPO: GMP today, Price, Review, Detail

MV Electrosystems Limited is a technology-driven engineering company that designs, develops and manufactures electrical and power-electronics equipment for railway rolling stock, including IGBT-based three-phase propulsion systems for electric locomotives, switchgear panels for coaches/EMUs, cable protection and management systems, and other critical rail electrical components.

It focuses on indigenous innovation aligned with India’s rail electrification and “Make in India/Atmanirbhar Bharat” objectives.

MV Electrosystems market reach is business-to-business (B2B) with a strong focus on Indian Railways and its units, holding an order book worth over ₹200+ crore from Indian Railways contracts, indicating a concentrated but significant presence in the rail electrification and propulsion equipment segment.

MV Electrosystems Limited has filed DRHP with SEBI for a proposed IPO with an issue size of ₹ 290 Cr consisting entirely as Fresh issue of ₹ 290 Cr and no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Issue Size:₹ 290 Cr
Fresh Issue:₹ 290 Cr
Offer for Sale:₹ 00 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

MV Electrosystems Limited important data points


Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 17.9 Cr
Revenue:₹ 64.6 Cr
EBITDA₹ 9.1 Cr
PAT₹ 1.4 Cr
EBITDA Margin:~14.05%
PAT Margin~2.17%
Face Value:Rs. 05 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing repayment/prepayment₹ 00 Cr
Working Capital Requirement~ ₹ 180 Cr
R&D of new power electronics~ ₹ 21 Cr
General Corporate PurposeBalance

MV Electrosystems Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 68.1₹ 50.5₹ 64.6
PAT (₹ Cr)₹ 1.2₹ 0.6₹ 1.4
Asset (₹ Cr)₹ 44.8₹ 65.6₹ 74.1
Net Worth (₹ Cr)₹ 12.6₹ 16.5₹ 17.9

MV Electrosystems IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
08-Feb₹ –₹ –₹ –
07-Feb₹ –₹ –₹ –
06-Feb₹ –₹ –₹ –
05-Feb₹ –₹ –₹ –
04-Feb₹ –₹ –₹ –

MV Electrosystems Limited

MV Electrosystems Limited IPO Pros & Cons

Strengths:

Risks:

MV Electrosystems Limited Promoters – Pre offer equity (Approx)

Mohit Vohra~30.60%
Rahul Dhawan~9.78%
Ramendra Pratap Singh~8.95%
Sonali Dhawan~7.15%
Sumit Dhawan~6.91%
Amit Dhawan~6.43%

MV Electrosystems Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)1₹ –
Retail (Max)13₹ –
Small HNI (Min)14₹ –
Small HNI (Max)66₹ –
Big HNI (Min)67₹ –

Lead Managers / Registrars of MV Electrosystems Limited 

Lead / Book Running Lead ManagersSundae Capital Advisors Private Limited
Registrar (RTA)KFin Technologies Limited

Founding Year of MV Electrosystems Limited & Managing Director

MV Electrosystems Limited was incorporated in the year 2009.

Mr. Mohit Vohra serves as the Managing Director of the company.

MV Electrosystems Limited FAQ

  • It designs, develops and manufactures electrical and power-electronics systems for railway rolling stock, including propulsion systems, switchgear and cable solutions for Indian Railways.
  • MV Electrosystems is raising funds via IPO to support growth, long-term working capital and R&D for new power electronics products.
  • The issue size of the IPO is ₹290 crore. It will be listed on the BSE & NSE platform.
  • Key risks to invest in the IPO are heavy dependence on Indian Railways orders, execution delays, regulatory approvals, and earnings volatility in capital-intensive manufacturing.
  • Positive points to be considered while investing in the IPO is its exposure to India’s rail electrification push, indigenous propulsion tech, growing order book and alignment with “Make in India”.
  • You can apply via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO is open for subscription.
  • Expected listing date is yet to be announced.

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