MV Electrosystems IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.87 | 0.97 | 96.13 |
| NII | 4.00 | 16.76 | 363.27 |
| bNII | 2.89 | 13.49 | 419.67 |
| sNII | 6.20 | 23.28 | 354.63 |
| RII | 12.68 | 42.28 | 218.25 |
| Total | 3.87 | 12.79 | 191.19 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The MV Electrosystems IPO minimum market lot is 34 shares with ₹14,450 application amount. The MV Electrosystems IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.
Business Overview
MV Electrosystems is one of the leading electrical and power electronics equipment manufacturers for railway rolling stock. Its main products include indigenous IGBT-based 3-Phase Drive Propulsion Equipment for electric locomotives, switchgear panels for coaches and EMUs, cable protection systems and related electrical components.
The firm focuses on the design, development, assembly, and production of electrical and power electronics equipment. Moreover, the firm has also received approval for the prototype of its in-house developed traction converter-inverter, auxiliary converter, vehicle control unit, and driver display systems. The firm has an R&D centre with its manufacturing facilities in Palwal, Haryana, that follows high-quality manufacturing standards. Moreover, the firm has developed its own propulsion technology (a technology that powers trains), one of the few companies to have this capability.
MV Electrosystems IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
MV Electrosystems IPO Review and Rating
- May Apply For Long-term View
MV Electrosystems IPO Form
How to apply for the MV Electrosystems IPO? You can apply for MV Electrosystems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the MV Electrosystems IPO in the Invest section. The other option is you can apply for MV Electrosystems IPO via IPO forms downloaded online. Check out the MV Electrosystems forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
