MV Electrosystems Debuts Strong on the Bourses; Shares End the Day Up Nearly 47%
Mumbai, August 06, 2026: Shares of New Delhi-based MV Electrosystems Limited, which is a technology-driven company engaged in the design, development, assembly and manufacturing of electrical and power electronics equipment used in railways, listed at Rs 520 on the exchange, a premium of 22.4% to IPO price.
The scrip closed at Rs 622.75 on the BSE and Rs 624 on the NSE.
As per NSE, the total quantity traded stood at 175.38 lakh shares, on BSE the total Quantity stood at 17.42 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1098.7 crore.
The Market Capitalization of the Company at today’s closing price stood at Rs 1,699 crore as per BSE and Rs 1,702.4 crore as per NSE.
The issue received bids of 80,85,51,348 equity shares against the offered 39,87,491 equity shares, according to data available on the stock exchanges.
Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 115.99 times and 205.42 times, respectively. Non-Institutional Investors (NII) portion was subscribed 374.58 times.
Company Information
The company is 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 and EMU’s, cable protection and management products and electrical components, systems & sub-systems.
With a focus on indigenous innovation and sustainable rail transportation, the company is aligned with national and global goals for self-dependence, rail electrification and decarbonization.
On September 15, 2025, the company has received approval from CLW, Indian Railways for its 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 the company indigenously to meet international safety and performance standards.
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