Q1. What is the business of MV Electrosystems Limited?

It designs, develops and manufactures electrical and power-electronics systems for railway rolling stock, including propulsion systems, switchgear and cable solutions for Indian Railways.

Q2. Why is the company raising funds via IPO?

MV Electrosystems is raising funds via IPO to support growth, long-term working capital and R&D for new power electronics products.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO is ₹290 crore. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

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.

Q6. How to apply for the IPO?

You can apply via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO is open for subscription.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

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.

Check DRHP

Check IPO Allotment

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

MV Electrosystems Limited important data points

Revenue, PAT, EBITDA

Year	Fiscal 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 Bidding	TBA
Allotment Date:	TBA
Refunds & Demat Credit	TBA
Tentative Listing Date:	TBA

Use of Proceeds

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

MV Electrosystems Limited Financial Data

	2023	2024	2025
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

Date	IPO Price	IPO GMP	Profit per lot
08-Feb	₹ –	₹ –	₹ –
07-Feb	₹ –	₹ –	₹ –
06-Feb	₹ –	₹ –	₹ –
05-Feb	₹ –	₹ –	₹ –
04-Feb	₹ –	₹ –	₹ –

MV Electrosystems Limited IPO Pros & Cons

Strengths:

Strong positioning in railway electrification & propulsion systems, a high-entry-barrier segment.
Beneficiary of Indian Railways capex, electrification push & Make-in-India focus.
Indigenous technology & R&D capabilities reduce dependence on imports.
Order-book driven B2B model offers revenue visibility.
Experienced promoter-management with domain-specific expertise.

Risks:

High dependence on Indian Railways, leading to customer concentration risk.
Revenue is project-based, causing potential earnings volatility.
Exposure to government policy changes and tender delays.
Limited diversification outside the railways segment.
IPO valuation risk remains until price band and financial multiples are disclosed.

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 Type	Lot Size	No. of Lots	No. of Shares	Investment 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 Managers	Sundae 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

Q1. What is the business of MV Electrosystems Limited?

It designs, develops and manufactures electrical and power-electronics systems for railway rolling stock, including propulsion systems, switchgear and cable solutions for Indian Railways.

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Q2. Why is the company raising funds via IPO?

MV Electrosystems is raising funds via IPO to support growth, long-term working capital and R&D for new power electronics products.

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Q3. What is the size of the issue and where will it list?

The issue size of the IPO is ₹290 crore. It will be listed on the BSE & NSE platform.

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Q4. What are the risks to an investor?

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.

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Q5. What are the potential upsides?

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”.

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Q6. How to apply for the IPO?

You can apply via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO is open for subscription.

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Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

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