MV Electrosystems IPO Day 2: GMP jumps, indicating 30% listing gains; issue subscribed 3.64 times. Apply or skip?

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• Economic TimesLean R·2h ago

  MV Electrosystems IPO Day 2: GMP jumps, indicating 30% listing gains; issue subscribed 3.64 times. Apply or skip?

  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.

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