MV Electrosystems IPO GMP History
MV Electrosystems IPO has been listed on August 6, 2026 at a listing price of ₹520, against the issue price of ₹425 — a gain of ₹95 (+22.35%). The GMP peaked at ₹133 on 1 August 2026 and reached a low of ₹60 on 25 July 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
MV Electrosystems IPO raised ₹290 Cr. through its IPO at a price band of ₹400 to ₹425 per share, with a lot size of 34 shares. The IPO was open for subscription from 30 Jul 2026 to 03 Aug 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 8 Sep, 1:37 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 06 Aug 2026 | ₹ 109 | ▲ | 25.65% | — | — |
| 05 Aug 2026 | ₹ 106 | ▲ | 24.94% | — | — |
| 04 Aug 2026 | ₹ 102 | ▲ | 24.00% | — | — |
| 03 Aug 2026 | ₹ 100 | ▼ | 23.53% | — | — |
| 01 Aug 2026 | ₹ 133 | — | 31.3% | — | — |
| 31 Jul 2026 | ₹ 133 | ▲ | 31.3% | — | — |
| 30 Jul 2026 | ₹ 125 | ▲ | 29.4% | — | — |
| 29 Jul 2026 | ₹ 106 | — | 24.9% | — | — |
| 28 Jul 2026 | ₹ 106 | ▲ | 24.9% | — | — |
| 27 Jul 2026 | ₹ 103 | ▲ | 24.2% | — | — |
| 26 Jul 2026 | ₹ 75 | ▲ | -- | — | — |
| 25 Jul 2026 | ₹ 60 | — | -- | — | — |
MV Electrosystems IPO dates
Key dates from opening to listing. Today is 23 October.
- Open 30 Jul 2026
- Close 03 Aug 2026
- Allotment 04 Aug 2026
- Refund/credit 05 Aug 2026
- Listing 06 Aug 2026
MV Electrosystems IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹425 |
|---|---|
| GMP-based estimate (pre-listing) | ₹534 (+25.6%) |
| Listing gain / loss | +₹95 per share |
| Listing date | 06 Aug, 2026 |
| Actual listing price | ₹520 (+22.35%) |
Is MV Electrosystems IPO GMP reliable?
Grey market premium for MV Electrosystems IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the MV Electrosystems IPO full review for a fundamentals-based assessment before making any grey market trades.
MV Electrosystems IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for MV Electrosystems IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About MV Electrosystems IPO
MV Electrosystems Limited was set up in 2009. The company designs, develops, assembles and manufactures electrical and power electronics equipment used in railway rolling stock. Its main products are IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and cable management products, and other electrical components, systems and sub-systems.
The company works mainly with Indian Railways. In FY26, Indian Railways was its largest customer and gave 76.72% of its revenue from operations. Its IGBT based 3-Phase Drive Propulsion System is approved by Chittaranjan Locomotive Works and RDSO, and commercial supplies started in FY26.
The company has its own Research, Design and Development Centre at Faridabad, Haryana. As on May 31, 2026, this centre had 45 permanent employees, which is about 21.84% of the total staff. The company had 208 permanent employees as on March 31, 2026.
As on June 30, 2026, the company had an executable order book of Rs 921.64 crore for supply of 564 propulsion equipment to Indian Railways.
Frequently asked
What is the GMP of MV Electrosystems IPO?
The current Grey Market Premium (GMP) of MV Electrosystems IPO is ₹ 109.
What is the Kostak Price of MV Electrosystems IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for MV Electrosystems IPO is not available.
What is the Subject to Sauda Price of MV Electrosystems IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of MV Electrosystems IPO?
MV Electrosystems IPO listed on August 6, 2026 at ₹520, against the issue price of ₹425 — a gain of +22.35%.
How did the GMP of MV Electrosystems IPO trend before listing?
The GMP of MV Electrosystems IPO was rising in its final days before listing. The GMP peaked at ₹133 on 1 August 2026. View the day-wise table above for the complete GMP history.
Explore MV Electrosystems IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
