MV Electrosystems IPO GMP: 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.
MV Electrosystems IPO GMP: 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.
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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 over FY26 net losses and revenue decline, prompting Swastika Investmart to assign an Avoid rating despite grey market optimism.
