Grey market sentiment for MV Electrosystems has strengthened significantly, with the premium for its initial public offering shares rising to ₹120.
The surge in speculative pricing comes as the company’s public issue enters its final day of subscription, closing on August 3.
According to Investorgain, the grey market data reflects growing investor appetite for the Haryana-based manufacturer of electrical equipment and components.
The company is raising ₹290 crore through the issue, which is proposed for listing on both the BSE and NSE.
The IPO opened for public subscription on July 30, and the rising premium suggests that demand may outstrip the available allotment.
The positive reception for MV Electrosystems mirrors a broader trend in the Indian primary market, where infrastructure and electrical equipment firms are attracting renewed interest.