MV Electrosystems
MV Electrosystems makes switchgear panels and electrical systems for railway coaches, EMUs and rolling stock.
Last updated 6 Aug 2026, 6:12 pm IST
- Price band
- ₹400 – ₹425
- Lot size
- 34
- Issue size
- ₹290 Cr
- Opens
- 30 Jul 2026
- Closes
- 3 Aug 2026
- Exchange
- Both
The numbers
- GMP
- ₹102 (~24%)
- Subscription
- 188.85× (final)
- Listing gain
- +22.35% (₹520 vs ₹425)
- Listing date
- 6 Aug 2026
- Model prediction
- Listed 6 Aug: +22.4% (₹520 vs ₹425). Strong Subscribe — strong debut, close to the ~27% read; call held.
The Ticker Tales take
MV Electrosystems makes switchgear panels, cable-protection products and electrical systems for railway coaches, EMUs and rolling stock — a niche supplier to India's railways, sitting on a large confirmed order book of roughly ₹920 Cr (about 19× its FY26 revenue). One caution: FY26 was weak, with revenue down about 21% and a small net loss. It's a small ₹290 Cr mainboard issue, entirely fresh shares. The issue closed on 3 Aug very strongly subscribed — about 188.85× — with the grey market running hot at around ₹115 (~27% over the ₹425 top price), so we called a Strong Subscribe expecting a pop of around 27%. It listed on 6 Aug at ₹520 (+22.4%) versus the ₹425 issue price — a strong debut close to our read, so the Strong Subscribe call played out.
More details
- Sector
- Railway switchgear & electricals
- Issue type
- 100% Fresh issue
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.