MV Electrosystems has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 290 crore through an initial public offering (IPO). The company's maiden public offering is a completely fresh issue of equity shares.
Proceeds from the fresh issue worth Rs 180 crore will be used for funding long-term working capital requirements of the company, Rs 21 crore for investment in research, design and development activities for new power electronic equipment, and a portion will be used for general corporate purposes. Sundae Capital Advisors is the book-running lead manager to the company's public issue. The shares of the company are proposed to be listed on BSE and NSE.
MV Electrosystems is a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock. Its product portfolio includes switchgear panels for railway coaches, cable protection and management products and electrical components.
| Company Name | CMP |
|---|---|
| Havells India | 1240.85 |
| Siemens | 3817.80 |
| Apar Inds | 12332.40 |
| ABB India | 7229.05 |
| Waaree Energies | 3117.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: