ListingScoreGMP · subscription · track record

MV Electrosystems IPO

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

MV Electrosystems listed at +22.4% against its issue price of ₹425. The book is 200.66 times subscribed overall. The grey market premium is +₹109 (+25.6%), which is an informal figure and not a quoted price. Our call is Not Suggested, on 43% of our checks.

Segment: Mainboard
Price: ₹425
Lot size: 34 shares
One lot costs: ₹14,450
Issue size: ₹290 Cr
Grey market premium: +₹109 (+25.6%)
Subscribed: 200.66x
Listed at: +22.4%
Our call: Not Suggested

What we checked

Profitable in the latest yearPAT ₹-12.63 Cr
Profit grew year on yearPAT -1002%
Revenue grew year on yearRevenue -23%
Borrowing under half of net worthDebt/net worth 0.80
Return on net worth above 15%RoNW -20.3%
Price to book under 6P/B 13.9
Majority is fresh capital100% fresh issue
Promoters keep at least half57.7% held post-issue
Anchor investors participatedAnchor book placed
Overall book more than 10× covered200.7× overall

5 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.

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