MV Electrosystems IPO is a mainboard IPO raising ₹290 Cr at ₹400 – ₹425 a share. It listed on 6 Aug 2026 at ₹520, +22.4% against its issue price of ₹425, and trades at ₹841 today (+97.9% since issue). It was subscribed 189× in total.
188.9 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 4 | 1 | ₹0.5 Cr |
| Promoters | 0 | 0 | 1 | ₹1.6 Cr |
| Directors | 0 | 0 | 1 | ₹1.1 Cr |
Group Co. Quadrant Future Tek Section 42 adjudication: ₹15.80 million total penalty (₹1.20m each on Promoters Mohit Vohra & Amit Dhawan; ₹6.0m on Quadrant); RoC order Aug 8, 2024 partly upheld by Regional Director Jan 30, 2026; writ petition pending in P&H HC (next hearing Jul 27, 2026)
Bank of India recovery proceedings at DRT-I New Delhi against Urbanfresh Agrofood et al. including Independent Director Vipin Sharma (former Director of Urbanfresh) for Rs. 11.19 million; loan account NPA classified Oct 15, 2022; next hearing Sep 11, 2026
GST notice Oct 8, 2024 from CGST Commissionerate Faridabad for excess ITC of ₹4.79 million (incl. ₹0.43 million penalty) from cancelled suppliers under Section 16 CGST Act; response filed Dec 27, 2024
Income Tax Department three Section 143(1)(a) communications against Company — AY 2018-19 (₹1.19m), AY 2024-25 and AY 2025-26; aggregate amount shown as '-' in source
Company + Director Rahul Dhawan suo moto adjudication application Nov 26, 2025 under Section 454 of Companies Act for non-compliances — Sec 134/73 (unsecured loan disclosure), Sec 42/62 (preferential allotment of ₹3.01m in FY15 without special resolution/no separate bank account), Sec 29 (dematerialisation default) and incorrect date in return of allotment; RoC advised separate e-form GNL-1 filing Jul 1, 2026
Amounts stated in millions; converted to crore (1 crore = 10 million). Direct tax aggregate amount shown as '-' in source. Company has no subsidiary. Group Company matters (Quadrant Future Tek) are disclosed under the Promoters section. Grand total amount not stated in the document.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
Where physical applications could be submitted.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
