MV Electrosystems Limited, a technology-driven company engaged in the design, development, and manufacturing of electrical & power electronics equipment used in railway rolling stock, plans to raise ₹290 crore through an IPO.
[Fresh Issue ₹290 Cr + OFS NIL]
MV Electrosystems ipo price: ₹400–₹425 per share.
MV Electrosystems: History
The Company was incorporated as MV Electrosystems Private Limited on July 03, 2009, in New Delhi, as a private limited company under the Companies Act, 1956.
Its name was subsequently changed to MV Electrosystems Limited, and the RoC issued a fresh certificate of incorporation on November 26, 2021.
MV Electrosystems: Business
Incorporated in the year 2009, MV Electrosystems is engaged in the design, development, assembly, and manufacturing of electrical and power electronics equipment used in railway rolling stock, including IGBT-based 3-Phase Drive Propulsion.
The Company offers equipment for electric locomotives, switchgear panels for coaches and EMUs, cable protection systems and related electrical components.
The Company operates within India’s rail infrastructure transition, driven by mandated broad-gauge electrification, Make-in-India procurement requirements, and the expansion of the network, including upcoming high-speed corridors.
R&D Facility
The company has an in-house Research, Design & Development Centre based at Faridabad, Haryana, India, which is the technological backbone of its operations, dedicated to innovation, engineering, and advancement of complex and high-performance power electronics and other railway systems.
Strategies Ahead
- Diversify product base
- Increase penetration across different global regions & synergetic potential applications like Renewable Energy Projects, Industrial & Commercial Power Conversion Systems, Energy Storage Systems, Electric Mobility & Charging Infrastructure.
- Development (acquisition) of new products that are used in conjunction with propulsion equipment in line with the newer opportunities under Indian Railways.
- Increase manufacturing capabilities, reduce operating costs, and improve operating efficiencies.
- Make in India and focus on developing in-house intellectual property rights.
- Scalable Business Model with Focus on High-Value Products and opportunity to enter into rolling stock manufacturing capabilities.
Company Promoters
- Mohit Vohra,
- Amit Dhawan,
- Sumit Dhawan,
- Rahul Dhawan,
- Sonali Dhawan, and
- Ramendra Pratap Singh.
Refer to MV Electrosystems DRHP for further details.
IPO Details
ipo date: 30 July – 3 August 2026
Minimum Amount: ₹14,450
Minimum Bid: 34 Shares
Face Value: INR 5 per share
Listing On: NSE, BSE
Financial
Book Running Lead Manager
Sundae Capital Advisors
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘NEUTRAL‘ ratings for the MV Electrosystems IPO.
Do come back to learn more about “upcoming IPOs”.
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