MV Electrosystems IPO: Issue received a solid response on Day 01, booked 3.9 times; GMP signals bumper listing

MV Electrosystems IPO on July 30 saw strong demand, with bids for 1.45 crore shares, resulting in a 3.87 times subscription. Retail investors led at 12.68 times, while QIBs subscribed at 0.87 times. The listing is expected on August 06 with a grey market premium of ₹120.