Mumbai, Aug. 6 -- The stock debuted at Rs 519 on the BSE, a premium of 22.12% over its issue price.

So far, the stock has hit a high of Rs 586 and a low of Rs 518.95. On the BSE, over 11.07 lakh shares of the company were traded in the counter so far.

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 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 l...