Mumbai: The Initial Public Offering of MV Electrosystems Limited was subscribed 3.64 times on the first day of bidding, demonstrating strong demand from retail and non-institutional investors for this IPO.

The issue received bids of 1,45,01,136 equity shares against the offered 39,87,491 equity shares, according to data available on the stock exchanges.

Retail Portion and Non-institutional portion were subscribed 11.92 times and 3.76 times respectively. Qualified Institutional Buyers (QIB) was subscribed 0.82 times.

The issue kicked off for subscription on Thursday, July 30, 2026, and will close for subscription on Monday, August 03, 2026.

A day before the opening of the issue, MV Electrosystems Limited had raised Rs nearly 130.50 crore from anchor investors.