MV Electrosystems IPO Draws 12x Subscription and Rs 115 Premium Despite FY26 Losses

Retail investors bid 42 times their portion of the Rs 290-crore issue while the grey market priced shares at a 27% premium over the upper band.

MV Electrosystems closed its initial public offering with a subscription ratio of 12.03 times, securing demand that far exceeded the Rs 290-crore issue size. The final tally arrived on August 2 after retail investors subscribed 42.28 times their reserved portion and non-institutional investors placed bids covering 16.76 times their allocation [1][2]. This volume represents confirmed orders in the book, distinct from the speculative pricing that emerged simultaneously in unofficial trading channels.

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