MV Electrosystems files DRHP for Rs 290 crore IPO

MV Electrosystems Files for Rs 290 Crore IPO

MV Electrosystems, a city-based company manufacturing electrical and power electronics equipment for railway rolling stock, has filed preliminary papers with markets regulator SEBI to raise Rs 290 crore through its initial public offering (IPO).

Key Highlights of the IPO

• Issue Size: Rs 290 crore
• Issue Type: Completely fresh issue of equity shares
• Proceeds Allocation:
  • Rs 180 crore for funding long-term working capital requirements
  • Rs 21 crore for investment in research, design and development activities for new power electronic equipment
  • Portion for general corporate purposes

About MV Electrosystems

MV Electrosystems, founded in 2009, is a technology-driven company engaged in the design, development, assembly, and manufacturing of electrical & power electronics equipment used in railway rolling stock.

• Product Portfolio:
  • Switchgear panels for railway coaches
  • Cable protection and management products
  • Electrical components
• Outstanding Order Book: Rs 207.5 crore with the Indian Railways

Financial Performance

Financially, MV Electrosystems' net profit stood at Rs 1.4 crore in FY25, and revenue from operations was at Rs 62.64 crore during the period.

IPO Details

• Book-Running Lead Manager: Sundae Capital Advisors