MV Electrosystems IPO Day 3: GMP jumps, indicating 27% listing gains; issue subscribed 12.03 times; apply or skip?

Rs 290-crore MV Electrosystems IPO closes today after securing 12.03 times subscriptions by Day 2, led by strong retail demand. Featuring a 27% grey market premium, the fresh issue aims to fund working capital and R&D, though financial losses in FY26 warrant caution for long-term investors.