MV Electrosystems has debuted at Rs 519.00 on the BSE, up by 94 points or 22.12% from its issue price of Rs 425.00.
The scrip is currently trading at Rs. 573.00, up by 148.00 points or 34.82% from its issue price.
It has touched a high and low of Rs. 586.00 and Rs. 518.95 respectively. So far 10.19 lakh shares were traded on the counter.
The offering, which was open for subscription July 30, 2026 to August 3, 2026 was subscribed 200.66 times. The issue price was fixed at Rs 425 per share i.e. at upper end of price band of Rs 400-425 apiece.
MV Electrosystems is engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in Railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems.
