MV Electrosystems Limited IPO — Subscription & GMP
- Price band
- ₹400 – ₹425
- Lot size
- 34
- Issue size
- ₹169.47 Cr
- Bidding
- 30 Jul 2026 → 03 Aug 2026
- Allotment
- —
- Listing
- 06 Aug 2026
Listing outcome
Official exchange pricesGMP was out by 0.9 percentage points in the buyer’s favour — it implied +21.41% and the issue listed +22.35%. Counted in our running GMP accuracy record.
Schedule
- 30 Jul 2026IPO open date
- 03 Aug 2026IPO close date
- 04 Aug 2026Allotment date†
- 04 Aug 2026Funds unblock or debit†
- 06 Aug 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsNot Available
| Metric | Pre-issue | Post-issue |
|---|---|---|
| NAV per share | ₹30.58 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 18 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 268 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 21.75 L | 14.62 Cr | 67.20× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 2.32 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 4.91 Cr | — |
| 1(c)Mutual funds | — | 37.70 L | — |
| 2Non Institutional Investors | 10.87 L | 29.11 Cr | 267.70× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 7.25 L | 20.69 Cr | 285.31× |
| 2.1(b)Individuals(Other than RIIs) | — | 19.84 Cr | — |
| 2.1(c)Others | — | 71.38 L | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 3.62 L | 8.43 Cr | 232.48× |
| 2.2(a)Corporates | — | 1.25 L | — |
| 3Retail Individual Investors(RIIs) | 7.25 L | 11.19 Cr | 154.40× |
| 3(a)Cut Off | — | 9.70 Cr | — |
| 3(b)Price bids | — | 1.50 Cr | — |
| Total | 39.87 L | 54.92 Cr | 137.74× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹400 → ₹425 · peak 75.49 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
| # | Anchor investor | Shares | % of anchor | Amount |
|---|---|---|---|---|
| 1 | Allocation (₹) Kotak Infrastructure and Economic Reform Fund | 5.61 L | 18.28% | ₹23.86 Cr |
| 2 | Kotak Mahindra Trustee Company Limited A/C Manufacture in India Fund | 3.37 L | 10.97% | ₹14.32 Cr |
| 3 | Kotak Mahindra Trustee Company Limited A/C Kotak Special Opportunities Fund | 3.37 L | 10.97% | ₹14.32 Cr |
| 4 | Subhkam Ventures (I) Private Limited | 4.24 L | 13.79% | ₹18.00 Cr |
| 5 | Shine Star Build Cap Private Limited | 2.35 L | 7.66% | ₹10.00 Cr |
| 6 | Finavenue Capital Trust - Finavenue Growth Fund | 1.71 L | 5.56% | ₹7.25 Cr |
| 7 | Founders Collective Fund | 1.65 L | 5.36% | ₹7.00 Cr |
| 8 | One Prime Limited | 1.18 L | 3.83% | ₹5.00 Cr |
| 9 | ONE LVF Treasury Solutions Fund | 1.18 L | 3.83% | ₹5.00 Cr |
| 10 | Ashika Global Finance Private Limited | 1.18 L | 3.83% | ₹5.00 Cr |
| 11 | Ashika India Select Fund | 1.18 L | 3.83% | ₹5.00 Cr |
| 12 | Tattvam AIF Trust - Aanjay Ageless AIF Fund | 1.35 L | 4.41% | ₹5.75 Cr |
| 13 | VentureX Fund I | 1.18 L | 3.83% | ₹5.00 Cr |
| 14 | Meru Investment Fund PCC - Cell 1 | 1.18 L | 3.83% | ₹5.00 Cr |
Read from NSE's anchor allocation report · 2 d ago. Published only because the 14 rows reconcile exactly against the 30.71 L shares the filing itself declares.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹400 – ₹425
- Lot size
- 34 shares
- Min. bid quantity
- 34
- Face value
- ₹5.00
- Tick size
- ₹1.00
- Shares offered
- 39.87 L
- Issue size
- ₹169.47 Cr
- Offer structure
- 100% fresh equity — all proceeds to the company
- Max bid · QIB
- 39.87 L
- Max bid · NII
- 18.12 L
Timeline & process
- Bidding opens
- 30 Jul 2026
- Bidding closes
- 03 Aug 2026
- Bidding hours
- 10.00 AM TO 5.00 PM
- UPI mandate cutoff
- 03-Aug-2026 (Upto 5.00 pm)
- Allotment
- —
- Listing
- 06 Aug 2026
Intermediaries
- Registrar
- KFin Technologies Limited
- Sponsor bank
- HDFC BANK
- Lead managers
- Sundae Capital Advisors Private Limited