Mumbai: The Initial Public Offering of MV Electrosystems Limited IPO was subscribed 188.85 times on the final day of bidding.

The issue received bids of 75,30,51,244 equity shares against the offered 39,87,491 equity shares, according to data available on the stock exchanges.

Retail and Qualified Institutional Buyers (QIB) Portion were subscribed 205.42 times and 90.47 times, respectively. Non-Institutional Investors (NII) Portion was subscribed 374.58 times.