Rs 290-crore MV Electrosystems IPO closes today after securing 12.03 times subscriptions by Day 2, led by strong retail demand. Featuring a 27% grey market premium, the fresh issue aims to fund working capital and R&D, though financial losses in FY26 warrant caution for long-term investors.

The Rs 290-crore MV Electrosystems IPO entered Day 2 with a GMP suggesting 30% listing gains. Subscribed 3.64 times on Day 1 with strong retail interest, the issue faces concerns…

Rs 290-crore MV Electrosystems IPO closes today after securing 12.03 times subscriptions by Day 2, led by strong retail demand. Featuring a 27% grey market premium, the fresh…

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