MV Electrosystems shares list at over 22% premium on NSE; here's how much investors made per lot
Here's what's trending across India right now:
2 min read | Updated on August 06, 2026, 10:03 IST
Adding to this, MV Electrosystems IPO consisted only of new equity shares worth ₹290 crore rupees, with no offer-for-sale (OFS) component, according to the RHP.
Meanwhile, MV Electrosystems had set a price range of ₹400 to ₹425 per share. | Image: mvelectrosystems.com
Notably, Demat Account within minutes! Join now This reflects a premium of 22.35% over the initial public offering (IPO) issue price of ₹425 apiece.
As per the latest buzz, On the BSE, it started trading at ₹519, up 22.12% from the issue price.
In further updates, The IPO consisted only of new equity shares worth ₹290 crore rupees, with no offer-for-sale (OFS) component.
On top of that, The objectives of the issue include long-term working capital needs, investing in research design and development activities for new power electronic equipment and corporate general purposes.
"Our company expects to receive the benefits of listing of equity shares on the stock exchanges including enhancing our company’s visibility and brand image among our existing and potential customers and creating a public market for our company’s equity shares in India," MV Electrosystems shared in its red herring prospectus (RHP).
Source: Upstox