IPO Listed — 06 Aug 2026
Listing Price: ₹520
MV Electrosystems IPO GMP History | Listing Price ₹520 & Kostak Rate
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.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 06 Aug 2026 | ₹ 109 | 25.65% | ₹ 0 | ₹ 0 | |
| 05 Aug 2026 | ₹ 106 | 24.94% | ₹ 0 | ₹ 0 | |
| 04 Aug 2026 | ₹ 102 | 24.00% | ₹ 0 | ₹ 0 | |
| 03 Aug 2026 | ₹ 100 | 23.53% | ₹ 0 | ₹ 0 | |
| 01 Aug 2026 | ₹ 133 | 31.3% | ₹ 0 | ₹ 0 | |
| 31 Jul 2026 | ₹ 133 | 31.3% | ₹ 0 | ₹ 0 | |
| 30 Jul 2026 | ₹ 125 | 29.4% | ₹ 0 | ₹ 0 | |
| 29 Jul 2026 | ₹ 106 | 24.9% | ₹ 0 | ₹ 0 | |
| 28 Jul 2026 | ₹ 106 | 24.9% | ₹ 0 | ₹ 0 | |
| 27 Jul 2026 | ₹ 103 | 24.2% | ₹ 0 | ₹ 0 | |
| 26 Jul 2026 | ₹ 75 | -- | ₹ 0 | ₹ 0 | |
| 25 Jul 2026 | ₹ 60 | -- | ₹ 0 | ₹ 0 |
MV Electrosystems IPO Dates
| Event | Date |
|---|---|
| Open Date | 30 Jul, 2026 |
| Close Date | 03 Aug, 2026 |
| Allotment Date | 04 Aug, 2026 |
| Refund Date | 05 Aug, 2026 |
| Credit to Demat | 05 Aug, 2026 |
| Listing Date | 06 Aug, 2026 |
MV Electrosystems IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹425 |
| GMP-Based Estimate (Pre-Listing) | ₹534 (+25.6%) |
| Actual Listing Price | ₹520 (+22.35%) |
| Listing Gain / Loss | +₹95 per share |
| Listing Date | 06 Aug, 2026 |
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:
- Subscription 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?
- Timing 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.
- Grey 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.
- Cross-check before acting: Review the MV Electrosystems IPO full review for a fundamentals-based assessment before making any grey market trades.
MV Electrosystems IPO IPO Kostak Rate Explained
The Kostak rate for MV Electrosystems IPO was not active during the subscription period, as no grey market premium was established. 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 active 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
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.
Strengths & Risks
Strengths
- ✓ Railway company focused on engineering and system design, with strong in-house research, design and development for complex railway systems.
- ✓ Precision design work on safety critical railway electrical equipment creates a high entry barrier for new players in this segment.
- ✓ Long standing and deep relationship with Indian Railways.
- ✓ Experienced promoter and management team with good execution and operating skills.
- ✓ IGBT based 3-Phase Drive Propulsion System approved by Chittaranjan Locomotive Works and RDSO, with commercial supplies starting in FY26.
- ✓ Executable order book of Rs 921.64 crore as on June 30, 2026 for supply of 564 propulsion equipment to Indian Railways.
Risks
- ⚠ The company made a loss of Rs 12.63 crore in FY26. As earnings are negative, a P/E ratio cannot be worked out for this issue.
- ⚠ Revenue from operations fell about 21% in FY26 to Rs 49.43 crore, mainly because sales to Indian Railways came down.
- ⚠ The business is highly concentrated. Indian Railways gave 76.72% of FY26 revenue from operations and the top ten customers gave 93.04%.
- ⚠ Cash flow from operating activities was negative at Rs 57.55 crore in FY26, and was also negative in FY24.
- ⚠ The business needs a lot of working capital. Rs 180 crore of the Rs 290 crore issue will go into long term working capital.
- ⚠ Orders come through a tender process, so future orders are not certain. Most customer orders also carry a liquidated damage clause for delay.
- ⚠ The company imports some raw materials, so supply problems or price changes abroad can push up costs.
- ⚠ Return ratios turned negative in FY26 - ROE is -31.55% and ROCE is -17.69%, against 8.04% and 22.13% in FY25.
Frequently Asked Questions about MV Electrosystems IPO
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 currently 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 currently 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
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