New Delhi, July 28 -- Madhuri Madhusudan Kela-backed MV Electrosystems' Rs.290 crore initial public offering (IPO) will open for subscription on July 30 and close on August 3. The company has fixed a price band of Rs.400-425 per share, with share allotment expected on August 4 and a tentative listing on the NSE and BSE on August 6.

Retail investors can bid for a minimum of 34 shares, requiring an investment of Rs.14,450 at the upper end of the price band. Sundae Capital Advisors Pvt. Ltd. is the book-running lead manager to the issue, while KFin Technologies Ltd. is the registrar.

The proposed IPO is worth up to Rs.290 crore and comprises only a fresh issue of equity shares. As there is no Offer for Sale (OFS), the entire proceeds from ...