Mumbai, Aug. 4 -- The initial public offer of MV Electrosystems received bids for 75,30,51,278 shares as against 39,87,491 shares on offer. The issue was subscribed 188.85 times.

The issue opened for bidding on 30 July 2026 and closed on 3 August 2026. The price band of the IPO was fixed between Rs 400 and 425 per share.

The qualified institutional buyers' (QIBs) portion was subscribed 90.47 times, the non-institutional investors (NII) category was subscribed 374.58 times and the retail individual investors category was subscribed 205.42 times.

The Issue comprises only of fresh issue of equity shares of Rs 5 face value aggregating up to Rs 290 crore.

Of the net proceeds, the company intends to use Rs 180 crore towards funding long ter...