MV Electrosystems IPO fully subscribed on Day 1; retail investors drive demand, GMP signals strong listing

MV Electrosystems IPO was fully subscribed on the opening day of bidding.

Retail investors drove strong demand, leading to full subscription.

The company is a railway electrical equipment manufacturer.

The grey market premium (GMP) signals a strong listing.

Subscription data was available on the National Stock Exchange (NSE).