Mainboard IPOs attracted strong investor demand, with MV Electrosystems’ public issue closing with an overall subscription of 188.85 times, while the ₹1,350 crore Juniper Green Energy IPO was subscribed 7.97 times.MV Electrosystems saw robust demand across investor categories. The qualified institutional buyers (QIB) portion was subscribed 90.47 times, the non-institutional investor (NII) category 374.58 times and the retail investor portion 205.42 times.Juniper Green Energy’s IPO was subscribed 24.94 times in the QIB category, 1.82 times in the NII category, 0.93 times in the retail category and 3.58 times in the employee portion.MV Electrosystems IPO detailsAhead of its IPO, MV Electrosystems raised ₹130.5 crore from anchor investors by allotting 30.7 lakh equity shares to 14 funds at ₹425 per share, the upper end of the price band.The IPO was priced at ₹400-425 per share and comprised entirely a fresh issue of equity shares aggregating up to ₹290 crore. The company said it will use the proceeds for business expansion and other corporate purposes.Mumbai-based MV Electrosystems designs, develops, assembles and manufactures electrical and power electronics equipment used in railway rolling stock.Juniper Green IPOAhead of its IPO, Gurugram-based Juniper Green Energy raised ₹539.4 crore from anchor investors, including Abu Dhabi Investment Authority and Nippon India Mutual Fund.The IPO was priced at ₹214-225 per equity share and comprised entirely a fresh issue of equity shares.The company plans to use ₹683.24 crore from the issue proceeds to repay or prepay certain borrowings. It will also invest ₹728.69 crore in its subsidiaries — Juniper Green Gamma One, Juniper Green Kite and Juniper Green Power Five — to help them repay or prepay outstanding loans. The remaining proceeds will be used for general corporate purposes.Shares are proposed to be listed on the BSE and NSE on August 6.Published on August 3, 2026
MV Electrosystems leads mainboard IPO rush with 188.85 times subscription, Juniper Green Energy booked 7.97 times
MV Electrosystems leads mainboard IPO rush with 188.85 times subscription
MV Electrosystems' IPO oversubscribed 188.85x (₹290 crore), Juniper Green Energy 7.97x (₹1,350 crore). Massive institutional demand reflects investor confidence in energy and rail infrastructure; CTO budgets for renewable-energy platforms and smart-grid automation will likely expand.











