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Issue Open Date
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30-Jul-26
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Issue Closing Date
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03-Aug-26
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Application Money
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100
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Allotment Money
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Price Band
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400
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425
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Minimium Application No.
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34
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Issue Size (Shares)
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6823528
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Market Lot
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1
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Objective
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1. Funding long-term working capital requirements of our Company; 2. Investment in research design and development activities for new power electronic equipment; 3. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are a technology-driven company engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems. With a focus on indigenous innovation and sustainable rail transportation, we are aligned with national and global goals for self-dependence, rail electrification and decarbonization. On September 15, 2025, we have received approval from CLW, Indian Railways for our in-house designed and developed IGBT Based 3-Phase Drive Propulsion equipment (“3-Phase Propulsion Equipment”) which includes traction converter-inverter system, auxiliary converter, vehicle control units / train control management system and driver display units - all designed and developed by our Company indigenously to meet international safety and performance standards. Our Vehicle Control Unit is developed on high performance microprocessor based modular systems that provide complete traction and propulsion control of the entire locomotive hauled train with continuous monitoring and extensive fault diagnostics. We are now a part of the ongoing transformation in India’s rail infrastructure, driven by the Government of India’s focus on 100% electrification of broad-gauge routes, Make-in-India procurement mandates, and the expansion of railway network, including introduction of high speed trains. We are focussed towards research, design & development of electrical equipment & power electronics systems for usage in railways industry and to play a strategic role as a domestic manufacturer with technical capabilities, indigenous designed and developed propulsion equipment and in-house assembling cum manufacturing facilities. The ingenious in-house design & development of 3-Phase Propulsion Equipment for 6000 HP Locomotive is a key achievement of our Company which will lead the way for us to create various other energy efficient railway power conversion systems. Such developments requires expertise in multiple domains including, Electrical Engineering, Embedded Design, Software Development, Mechanical Engineering, Thermal Design & Instrumentation. With this in-house development and approval from CLW, we have become one among the global players that possess their proprietary technology for rail propulsion equipment.
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Promoter's Holding
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Total Share Capital
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16112200
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Offered to Public
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Promoter's Holding (Pre-Issue)
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78.75
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Promoter's Holding (Post-Issue)
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Address |
1207/89
12th Floor
Hemkunt Chambers
Nehru Place
New Delhi
,
Delhi
,
110019
Phone :
9211999710
Email :
cs@mvelectrosystems.com
Website :
https://www.mvelectrosystems.com
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Registrar |
KFIN Technologies Ltd.
301
The Centrium
3rd Floor
57
Lal Bahadur Shastri Road
Nav Pada
Kurla (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Sundae Capital Advisors Pvt Ltd.
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Promoters |
Amit Dhawan
Mohit Vohra
Rahul Dhawan
Ramendra Pratap Singh
Sonali Dhawan
Sumit Dhawan
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