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MV Electrosystems Limited designs, develops, assembles and manufactures electrical & power electronics equipment used in railway rolling stock, including 3-Phase Propulsion Equipment (indigenous in-house design). Order book Rs 921.64 Cr as of Jun 30, 2026. Entirely fresh issue of 68,23,528 shares (Rs 290 Cr), no OFS. Final subscription: 188.85x overall. Listed Aug 6, 2026: NSE Rs 520 (+22.35%), BSE Rs 519 (+22.12%); surged to Rs 622.75-624 intraday (+46.5-46.8%). Post-listing market cap ~Rs 1,419-1,699 Cr.