MV Electrosystems IPO Day 2: GMP jumps, indicating 30% listing gains; issue subscribed 3.64 times. Apply or skip?

The MV Electrosystems IPO entered Day 2 on July 31, 2026, with the issue subscribed 3.64 times. The grey market premium jumped to Rs 125, showing 30% listing gains. Many retail investors showed interest, but some experts said to avoid the stock because the company got net losses in FY26.