MV Electrosystems Ltd - IPO

MV Electrosystems Ltd IPO Details

Initial public issue of 68,23,528 equity shares of face value of Rs. 5 each (Equity Shares) of MV Electrosystems Limited (the Company) for cash at a price of Rs. 425 per equity share ( Including a Share Premium of Rs. 420 Per Equity Share) (Issue Price) aggregating up to Rs. 290.00 Crores (Issue). The issue shall constitute 25.01% of the company post-issue paid-up equity share capital of the company.Price Band: Rs. 425 per equity share of face value of Rs. 5 each.The floor price is 85.00 times the face value of the equity shares. Bids can be made for a minimum of 34 equity shares of face value of Rs. 5 each and in multiples of 34 equity shares of face value of Rs. 5 each thereafter.

Objective of issue

Funding long-term working capital requirements of the Company. Investment in research design and development activities for new power electronic equipment. General Corporate Purpose.

MV Electrosystems Ltd Contact Details

MV Electrosystems Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@mvelectrosystems.com

Website - www.mvelectrosystems.com