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MV Electrosystems Ltd.

BSE
ListedListed on 6 Aug 2026+22.1%

₹400–425

₹ 169 Cr

34 Shares

₹ 13,600

₹5

Financial Summary

Standalone(in ₹ million)
ParticularsFY 2025-26FY 2024-25
494.28626.37
3.6319.99
497.91646.36
590.84552.08
-167.9725.65
-126.2914.03

Subscription Details

188.85xTotal
Subscription
205.42x
374.58x
90.47x
0.00x

IPO Timeline

IPO Offer Start

30 Jul 2026

IPO Offer Ends

3 Aug 2026

6 Aug 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Funding long-term working capital requirements of our Company 1,800
2Investment in research design and development activities for new power electronic equipment 210
3General Corporate Purpose 535.59

Promoters

Mohit VohraAmit DhawanSumit DhawanRahul DhawanSonali DhawanRamendra Pratap Singh

Book Running Lead Managers

Sundae Capital Advisors Pvt Ltd.

Promoter Shareholding

Pre-IPO

78.75%

Promoter stake

Post-IPO

57.68%

Promoter stake

Offered to Public

39,87,491

shares

Post Share Capital

1,57,37,200

shares

About the Company

We are a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems. With a focus on indigenous innovation and sustainable rail transportation, we are aligned with national and global goals for self-dependence, rail electrification and decarbonization. On September 15, 2025, we have received approval from CLW, Indian Railways for our in-house designed and developed IGBT Based 3-Phase Drive Propulsion equipment (“3-Phase Propulsion Equipment”) which includes traction converter-inverter system, auxiliary converter, vehicle control units / train control management system and driver display units - all designed and developed by our Company indigenously to meet international safety and performance standards. Our Vehicle Control Unit is developed on high performance microprocessor based modular systems that provide complete traction and propulsion control of the entire locomotive hauled train with continuous monitoring and extensive fault diagnostics. We are now a part of the ongoing transformation in India’s rail infrastructure, driven by the Government of India’s focus on 100% electrification of broad-gauge routes, Make-in-India procurement mandates, and the expansion of railway network, including introduction of high speed trains. We are focussed towards research, design & development of electrical equipment & power electronics systems for usage in railways industry and to play a strategic role as a domestic manufacturer with technical capabilities, indigenous designed and developed propulsion equipment and in-house assembling cum manufacturing facilities. The ingenious in-house design & development of 3-Phase Propulsion Equipment for 6000 HP Locomotive is a key achievement of our Company which will lead the way for us to create various other energy efficient railway power conversion systems. Such developments requires expertise in multiple domains including, Electrical Engineering, Embedded Design, Software Development, Mechanical Engineering, Thermal Design & Instrumentation. With this in-house development and approval from CLW, we have become one among the global players that possess their proprietary technology for rail propulsion equipment.

Use of Proceeds

1. Funding long-term working capital requirements of our Company; 2. Investment in research design and development activities for new power electronic equipment; 3. General corporate purposes.