MV Electrosystems IPO
MV Electrosystems Limited (MVELECTRO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +41.4% (likely range +5% to +122%), day's high +56.3%, chance of a gain 92%. Actual: +22.4% at the open, +46.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 21,74,994 | 19,67,74,048 | 90.5x | |
| NII (HNI) total | 10,87,498 | 40,73,51,552 | 375x | |
| Big NII (above ₹10 lakh) | 7,24,999 | 28,63,60,954 | 395x | |
| Small NII (₹2-10 lakh) | 3,62,499 | 12,09,90,598 | 334x | |
| Retail | 7,24,999 | 14,89,25,678 | 205x | |
| Total | 39,87,491 | 75,30,51,278 | 189x |
Bids on NSE and BSE together, as published by NSE, as of 03 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to MV Electrosystems's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| BLS E- ServicesFeb 2024 | 123x | 300x | 237x | 162x | ₹311 Cr | +125.9% | +171.1% |
| Quadrant Future TekJan 2025 | 133x | 255x | 247x | 187x | ₹306 Cr | +27.6% | +53.1% |
| Borana WeavesMay 2025 | 87.2x | 237x | 201x | 149x | ₹145 Cr | +12.5% | +18.1% |
| Unicommerce eSolutionsAug 2024 | 139x | 252x | 131x | 168x | ₹277 Cr | +117.6% | +137.0% |
| Manba FinanceSep 2024 | 149x | 512x | 144x | 224x | ₹151 Cr | +20.8% | +26.9% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Sundae Capital Advisors | 2 | +25.0% | 100% |
Offer documents (NSE)
Frequently asked
What is the MV Electrosystems IPO price band and lot size? ₹400–425 per share, with a lot of 34 shares, so the smallest retail bid is ₹14,450.
How many times has it been subscribed? 189x overall: QIB 90.5x, NII 375x, retail 205x.
How did it list? It opened at ₹520, +22.4% against the issue price of ₹425, and closed its first day +46.8%.
