BSE List Price : ₹

NSE List Price : ₹

subscription

Category	Times
QIBs	96.13x
HNIs	397.05x
Retail	210.81x
Total : 199.05x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	34	₹14,450
Retail Maximum	13	442	₹187,850
S-HNI Minimum	14	476	₹202,300
S-HNI Maximum	69	2,346	₹997,050
B-HNI Minimum	70	2,380	₹1,011,500

About the Company

MV Electrosystems is a prominent manufacturer of electrical and power electronics equipment for railway rolling stock. Its key offerings include indigenously developed IGBT-based 3-phase drive propulsion systems for electric locomotives, switchgear panels for coaches and EMUs, cable protection systems, and various allied electrical components.

The company is engaged in the design, development, assembly, and manufacturing of electrical and power electronics solutions. It has also secured prototype approvals for its in-house developed traction converter-inverter, auxiliary converter, vehicle control unit, and driver display system. Its manufacturing facility and R&D centre are located in Palwal, Haryana, where it follows stringent quality standards. Additionally, the company has successfully developed its own train propulsion technology, making it one of the few players in the industry with this capability.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹68.13	₹66.37	₹1.19	₹44.76
2024	₹50.57	₹49.47	₹0.56	₹65.58
2025	₹64.64	₹62.24	₹1.40	₹74.12
2026	₹49.79	₹66.59	₹-12.63	₹145.74

Company Promoter

Mohit Vohra

Amit Dhawan

Sumit Dhawan

Rahul Dhawan

Sonali Dhawan

Ramendra Pratap Singh

Know before investing

• • Strengths

  Robust Engineering & R&D Expertise: A technology-driven railway solutions company with strong in-house capabilities in engineering, research, design, and product development for advanced railway systems.

  Established Association with Indian Railways: Maintains a long-standing track record of supplying railway products to Indian Railways for over a decade, while strengthening its portfolio through indigenously developed propulsion systems and other advanced engineering solutions.

• • Risks

  Regulatory Compliance Risk: Any delay or failure in obtaining, renewing, or complying with the required statutory approvals, licenses, and permits could negatively impact the company's business operations.

  Dependence on Imported Components: The company relies on imported raw materials and electronic components. Any disruption in supply, changes in trade policies, regulatory developments, or fluctuations in input prices may adversely affect its operations and profitability.

Objects of the Issue & Utilisation of proceeds

Funding long-term working capital requirements of the Company

Investment in research design and development activities for new power electronic equipment

General Corporate Purpose

Company  Address

MV Electrosystems Ltd.
1207/89
12th Floor, Hemkunt Chambers,
Nehru Place,
New Delhi, New Delhi, 110019
Phone: +91 92 1199 9711
Email: cs@mvelectrosystems.com
Website: http://www.mvmobility.in/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mvelectrosystems.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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