Initial public issue of up to 6,823,529 equity shares of face value of Rs. 5 each (Equity Shares) of MV Electrosystems Limited (the Company) for cash at a price of Rs. 400-425 per equity share ( Including a Share Premium of Rs. 395-420 Per Equity Share) ( Issue Price ) aggregating up to Rs. 290.00 Crores ( Issue ). The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 400 to Rs. 425 per equity share of face value of Rs. 5 each.
The floor price is 80.00 times the face value of the equity shares and the cap price is 85.00 times the face value of the equity shares.
Bids can be made for a minimum of 34 equity shares of face value of Rs. 5 each and in multiples of 34 equity shares of face value of Rs. 5 each thereafter.
IPO Details
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
30-Jul-2026
03-Aug-2026
₹ 400.00
₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 34.0 Further Multiples of : 34.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
Sundae Capital Advisors Private Limited
Project Financed through Current Offer
290.00
Post Issue Equity Share Capital
13.64
Issue Price
₹400.00
Projects
Projects
Funding long-term working capital requirements of the Company
Investment in research design and development activities for new power electronic equipment