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

MUMBAI: Haryana-based MV Electrosystems, a manufacturer of electric power and electronics equipment for railway rolling stock, has fixed the price band for its initial public offering at Rs 400-425 per share with a face value of Rs 5. Investors can apply for a minimum of 34 shares, with bids accepted in multiples of 34 shares thereafter.The company plans to raise up to Rs 290 crore through its initial public offering, which consists entirely of a fresh issue of equity shares.

The anchor investor bidding will open on July 29 for one day, while the public subscription window will remain open from July 29 to August 3.

At the upper end of the price band, the company’s market capitalisation is estimated at around Rs 1,160 crore. The company is expected to finalise the basis of allotment on August 4, while its equity shares are scheduled to list on the stock exchanges on August 6.

The IPO comprises a fresh issue of shares worth up to Rs 290 crore. MV Electrosystems manufactures electrical and power electronics equipment used in railway rolling stock, including IGBT-based three-phase drive propulsion equipment for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and management products, and electrical components, systems and sub-systems.

The Company Spokespersons:Mr. Pankaj Rastogi, Managing Director; Mr. Mohit Vohra, Non Executive Director and Mr. Ajay Kumar, Chief Financial Officer interacted with our newsman Sachin Murdeshwar, The company, which focuses on the research, design and development of electrical equipment and power electronics systems for the railway industry, plans to utilise the IPO proceeds towards long-term working capital requirements, investment in research, design and development activities for new power electronic equipment, and general corporate purposes.

MV Electrosystems reported a loss of Rs 12.6 crore for the financial year ended March 2026, compared with a profit of Rs 1.4 crore in the previous year. Revenue declined 21 percent to Rs 49.4 crore from Rs 62.6 crore during the same period.

Sundae Capital Advisors is the book running lead manager and Kfin Technologies is the registrar of the issue.