MV Electrosystems IPO
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MV Electrosystems IPO details
Schedule of MV Electrosystems
| Issue open date | 30 Jul 2026 |
| Issue close date | 03 Aug 2026 |
| UPI mandate deadline | 03 Aug 2026 (5 PM) |
| Allotment finalization | 04 Aug 2026 |
| Refund initiation | 05 Aug 2026 |
| Share credit | 05 Aug 2026 |
| Listing date | 06 Aug 2026 |
| Mandate end date | 18 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 02 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 01 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About MV Electrosystems
MV Electrosystems Limited manufactures switchgear panels for railway coaches and EMUs, cable protection and interconnected products, and electrical components, systems, and sub-systems for railway rolling stock. The company operates through its assembling cum manufacturing facilities in Haryana, along with a dedicated Research, Design and Development Centre. Its operations expand into power electronics equipment, including the development, assembly, and supply of microprocessor-controlled IGBT-based 3-Phase Drive Propulsion Equipment for Indian Railways. The company generates revenue by selling its products directly and through tenders to public- and private-sector clients, with Indian Railways as its primary customer. MV Electrosystems’ offerings also include annual maintenance services following warranty periods for its propulsion equipment.
Financials of MV Electrosystems
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 290 |
| Fresh Issue – Proceeds go to the company | 290 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding long-term working capital requirements | 180 (62.07%) |
| Investment in R&D for new power electronic equipment | 21 (7.24%) |
| General corporate purposes | 89 (30.69%) |
Strengths
- Strong in-house engineering and R&D capabilities for designing complex railway power electronics and propulsion systems.
- High technical and regulatory entry barriers in the railway equipment sector due to stringent safety and approval standards.
- Established long-standing supplier relationships with Indian Railways across multiple operating units.
- Integrated product lifecycle approach combining in-house product design, manufacturing, and quality testing.
- Experienced promoter and management team with extensive domain knowledge in railway systems.
Risks
- Heavy reliance on Indian Railways, which accounts for the majority of total operational revenues.
- All manufacturing and R&D facilities are concentrated geographically in the state of Haryana.
- Significant dependency on foreign suppliers for critical imported raw materials and electronic components.
- Operational reliance on temporary purchase orders and competitive tenders rather than long-term customer contracts.
- History of negative cash flows from operating activities in recent financial years.
Allotment Status for MV Electrosystems
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.