29
Nov
#MVElectrosystems #IPO #IndianRailways #Electrification #MakeInIndia #PowerElectronics #SEBI Chandigarh: Haryana-based MV Electrosystems, a technology-driven manufacturer of electrical and power electronics equipment for the railway rolling stock, has filed its preliminary papers with SEBI to launch an Initial Public Offering (IPO) to raise ₹290 crore. The public issue will be an entirely fresh issue of shares, meaning all proceeds will flow directly into the company, with no Offer-for-Sale (OFS) component. Sundae Capital Advisors has been appointed as the merchant banker for the IPO. ⚙️ Use of IPO Proceeds MV Electrosystems plans to utilize the funds raised primarily to strengthen its operational and…