Friday, 31 July 2026 · World
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EUROS The World Financial Report
Nº 20 Friday, 31 July 2026 · World Edition
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MV Electrosystems IPO Day 2: GMP jumps, indicating 30% listing gains; issue subscribed 3.64 times. Apply or skip?

Markets-Economic Times · 2h ago · 🇮🇳 India
MV Electrosystems IPO Day 2: GMP jumps, indicating 30% listing gains; issue subscribed 3.64 times. Apply or skip?

The Rs 290-crore MV Electrosystems IPO entered Day 2 with a GMP suggesting 30% listing gains. Subscribed 3.64 times on Day 1 with strong retail interest, the issue faces concerns over FY26 net losses and revenue decline, prompting Swastika Investmart to assign an Avoid rating despite grey market optimism.

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