MV Electrosystems Limited
Promoters Mohit Vohra · Amit Dhawan · Sumit Dhawan · Rahul Dhawan · Sonali Dhawan · Ramendra Pratap Singh
Against an issue price of ₹425. Split- and bonus-adjusted official closes — a past move, never a forecast.
MV Electrosystems Limited raised ₹290 crore through a mainboard initial public offer.
The filing places it in Electrical Equipment and names six promoters: Mohit Vohra, Amit Dhawan, Sumit Dhawan, Rahul Dhawan, Sonali Dhawan and Ramendra Pratap Singh.
The book was open from 30 July 2026 to 3 August 2026.
The issue was priced at ₹425 a share, from a band of ₹400 to ₹425.
The whole offer is a fresh issue of shares — ₹290 crore raised by the company itself.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
14 anchor investors were allotted shares before the book opened, worth ₹130 crore.
The shares listed on 6 August 2026.
The last official close on file is ₹882 (21 September 2026), which is 107.6% above the issue price.
It now trades as MVELECTRO, and its filed financials are on its company page.
Shares sold in the issue at ₹425 last closed at ₹882.2.
See MVELECTRO’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No offer-for-sale leg — every share in this offer is newly issued, so the whole amount raised goes to the company.
- Registrar
- KFintech Private Limited
- Lead manager
- Sundae Capital Advisors
- Bidding opens30 Jul 2026
- Bidding closes3 Aug 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing6 Aug 2026
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 2 of them are domestic mutual funds; we could not classify 12 of the names either way.
| Kotak Infrastructure and Economic Reform Fund | ₹23.9 cr |
| Subhkam Ventures (I) Private Limited | ₹18 cr |
| Kotak Mahindra Trustee Company Limited A/C Manufacture in India Fundmutual fund | ₹14.3 cr |
| Kotak Mahindra Trustee Company Limited A/C Kotak Special Opportunities Fundmutual fund | ₹14.3 cr |
| Shine Star Build Cap Private Limited | ₹10 cr |
| Finavenue Capital Trust - Finavenue Growth Fund | ₹7.2 cr |
| Founders Collective Fund | ₹7 cr |
| Tattvam AIF Trust - Aanjay Ageless AIF Fund | ₹5.7 cr |
| 360 ONE LVF Treasury Solutions Fund | ₹5 cr |
| 360 One Prime Limited | ₹5 cr |
| Ashika Global Finance Private Limited | ₹5 cr |
| Ashika India Select Fund | ₹5 cr |
| Meru Investment Fund PCC - Cell 1 | ₹5 cr |
| VentureX Fund I | ₹5 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment5 Sept 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment4 Nov 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment6 Feb 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment6 Feb 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹0.44 | ₹0.39 | 1 |
| FY2025 | ₹0.76 | ₹0.76 | 2 |
| FY2026 | ₹-6.52 | ₹-6.52 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
What the company says it will do with the money it raises. Only the fresh-issue portion reaches the company; anything raised through an offer for sale goes to the shareholders selling.
- Funding long-term working capital requirements of our Company1,800₹ million
- Investment in research design and development activities for new210₹ million
- General Corporate Purpose *—
- Total—
Figures as filed by the issuer in its offer document.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Hirect Limited | 88.8 | — | 18.3% | 13.10 | ₹9,991 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Sundae Capital Advisors 2023 – 2026 | 3 1 measurable | +46.8% | 0 of 1 | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
KFintech Private Limited 2023 – 2026 | 68 2 measurable | +35.7% | 2 of 5 | 1 of 3 | 1 of 1 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive4 Aug 2026
- Red herring prospectus (RHP)· ZIP · exchange archive23 Jul 2026
- Draft red herring prospectus (DRHP)· PDF · exchange archive27 Nov 2025
- Abridged prospectus· PDF · exchange archive24 Jul 2026
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.