The initial public offering of MV Electrosystems received a strong response from investors, with the issue subscribed 111.27 times as of 2.06 pm on the final day of bidding, led by robust demand from non-institutional and retail investors.The non-institutional investors’ portion was subscribed 279.10 times, while the retail investor category was subscribed 154.94 times. The qualified institutional buyers’ portion was subscribed 12.80 times.Ahead of the IPO, MV Electrosystems raised ₹130.5 crore from anchor investors.The company allotted 30.7 lakh equity shares to 14 funds at ₹425 per share, the upper end of the price band, according to a circular uploaded on the BSE website.The IPO is priced in the range of ₹400-425 per share and comprises entirely a fresh issue of equity shares aggregating up to ₹290 crore.The company proposes to utilise the proceeds from the IPO for business expansion and other corporate purposes, as outlined in the offer document.Published on August 3, 2026