Economy
MV Electrosystems IPO Subscribed 189 Times on Final Day
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THE BRIEF
1
The MV Electrosystems IPO reached a subscription level of 187.34 times by 4:15 PM on its final day, with the NII segment booked 373.69 times.
2
The company aims to raise ₹290 crore through the issue, offering shares in a price band of ₹400 to ₹425, with listing expected on August 6, 2026.
3
The firm holds executable orders for propulsion equipment worth ₹989.32 crore as of June 30, 2026, and has received approval from Chittaranjan Locomotive Works for its technology.