MV Electrosystems IPO
Open Date
30 Jul 2026
Close Date
3 Aug 2026
Open Date
30 Jul 2026
Close Date
3 Aug 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed

Founded In
2009
CEO
Sanjeev Mehta
Financials of Mv Electrosystems IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | 49.96 | 62.64 | 49.43 |
| Other Income | 0.61 | 2.00 | 0.36 |
Total Income | 50.56 | 64.64 | 49.79 |
Total Expenses | 49.47 | 62.24 | 66.59 |
| Profit Before Tax | 1.02 | 2.56 | -16.80 |
Total Profit | 0.56 | 1.40 | -12.63 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company proposes to utilize funds for working capital requirements including procurement of raw materials and electronic components, managing credit cycle for receivables realization, supporting increased business operations with make in India initiatives, and providing performance bank guarantees to customers. | 180 |
| The company intends to invest in research, design and development activities to improve existing propulsion systems, develop new power electronics equipment, and expand product offerings for Indian Railways and international markets including manpower and non-manpower costs. | 21 |
| The company proposes to utilize funds for general corporate purposes including working capital for routine business execution, meeting ongoing contingencies, funding growth opportunities, capital expenditure, and other purposes as approved by the Board, subject to not exceeding twenty five percent of gross proceeds. | - |

- Engineering and systems design focused railways company with strong in-house research, design & development capabilities: The company is distinguished by strong in-house research, design & development capabilities with an integrated approach combining mechanical, electrical, and software engineering. The company has successfully developed IGBT based 3-Phase Drive Propulsion System meeting stringent performance, safety, and regulatory requirements.
- Ability to create precision driven design & development capabilities and safety critical & complex railway electric equipment: The railway industry has substantial entry barriers from stringent product development processes, technology complexity, deep domain expertise, and long qualification cycles. The company's dedicated R&D centre has specialized teams across multiple engineering domains enabling swift response to design changes.
- Long-standing and deep relationship with Indian Railways: The company was incorporated in 2009 to supply components to Indian Railways and has gradually expanded product categories. The company's continuing relationship serves as testament to quality commitment, research capabilities, and operational effectiveness with Indian Railways as the top customer.
- Experienced Promoter and management team with strong implementation skills: The company has an experienced senior management team led by Promoter Mohit Vohra with over 17 years of railway experience. The team includes qualified engineers and management professionals enabling anticipation of market opportunities and efficient response to technical requirements.

