G.V.Electricals IPO
GMP, Subscription, Price, Dates & Financial Details
Business Support
Incorporated in 1985, G.V. Electricals Limited is a power distribution infrastructure service provider engaged in delivering operation, maintenance, and support services primarily to electricity distribution utilities across India.The company operates through three key business verticals:Network…
Open Date
Fri, 31 Jul 2026
Close Date
Fri, 07 Aug 2026
Price Band
₹ 123 – 130
Lot Size
1000
Issue Size
₹ 42.25 Cr
Minimum Investment
₹ 260,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
G.V.Electricals IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹42 Crore, comprising a fresh issue of 27.20 Lakh equity shares aggregating to ₹39.00 Crore and an offer for sale (OFS) of 2.50 Lakh equity shares aggregating to ₹3.25 Crore by the existing shareholders.
The G.V.Electricals IPO remained open for subscription from July 31, 2026, to August 07, 2026. The basis of allotment was finalized on August 10, 2026, and the company's shares were listed on BSE SME Platform on August 12, 2026.
The company had fixed the price band at ₹123 to ₹130 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹260,000 (based on the upper price band) to apply for one lot.
Mudra RTA Ventures Private Limited served as the registrar to the issue. Seren Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, G.V. Electricals Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
G.V.Electricals IPO Timeline (Tentative)
- IPO Open Date
- Fri, 31 Jul 26
- IPO Close Date
- Fri, 07 Aug 26
- Basis of Allotment
- Mon, 10 Aug 26
- Initiation of Refunds
- Tue, 11 Aug 26
- Credit of Shares to Demat
- Tue, 11 Aug 26
- Listing Date
- Wed, 12 Aug 26 — NSE & BSE
Open Date
31 July 2026
Close Date
07 August 2026
Basis Of Allotment
10 August 2026
Listing Date
12 August 2026
IPO Subscription
Check Live Subscription →The G.V.Electricals IPO has received bids for 35,26,72,000 shares against 20,82,000 shares offered, resulting in an overall subscription of 169.39x. the NII category is subscribed 273.41x, Retail Investors 168.69x, and QIBs 91.55x. Within the NII category, BNII is subscribed 316.28x, while SNII is subscribed 187.69x.
QIB
91.55x
NII
273.41x
BNII
316.28x
SNII
187.69x
RII
168.69x
Total
169.39x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 10,40,000 shares, representing 49.95% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,92,000 shares (28.43%), while Non-Institutional Investors (NIIs) receive 4,50,000 shares (21.61%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 592,000 | 28.43% |
| Non-Institutional | 450,000 | 21.61% |
| BNII | 300,000 | 14.41% |
| SNII | 150,000 | 7.2% |
| Retail Investors | 1,040,000 | 49.95% |
| Total | 2,082,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 78.4 | 51.43 | 42.06 |
| Revenue | 156.66 | 131.36 | 112.03 |
| Profit After Tax | 10.47 | 4.66 | 2.8 |
| Net Worth | 33.67 | 23.2 | 17.05 |
| Reserve & Surplus | 25.39 | 23.16 | 17.01 |
| Total Borrowings | 16.47 | 7.84 | 4.95 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
G.V. Electricals Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 36.81 | 10.9 | 17.91 |
| ROCE % | 31.13 | 23.88 | 27.14 |
| Debt / Equity | 0.49 | 0.34 | 0.29 |
| RoNW % | 31.09 | 20.09 | 16.44 |
| Pat Margin % | 6.69 | 3.55 | 2.51 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| G V ELECTRICALS Ltd | 10 | 0 | 12.64 | 12.64 | 31.09 | 40.66 |
| Rajesh Power Services Ltd | 10 | 10.69 | 79.52 | 79.52 | 35.26 | 225.56 |
| Parth Electricals & Engineering Ltd | 10 | 39.2 | 11.35 | 11.35 | 12.78 | 81.54 |
About G.V. Electricals Limited
Incorporated in 1985, G.V. Electricals Limited is a power distribution infrastructure service provider engaged in delivering operation, maintenance, and support services primarily to electricity distribution utilities across India.
The company operates through three key business verticals:
- Network Operation and Maintenance (O&M) Services
- Electrical Infrastructure and Network Development Works
- Metering and Meter Management Services
G.V. Electricals provides comprehensive operation and maintenance services for electrical distribution networks across multiple voltage levels, including 33 kV, 11 kV, and Low Tension (LT) networks. Its service portfolio includes the operation and maintenance of 33/11 kV substations, deployment of skilled technical personnel for line maintenance, routine network inspections, fault detection and rectification, and ensuring the efficient functioning of power distribution systems.
The company adheres to globally recognized quality and operational standards and holds the following certifications:
- ISO 9001:2015 – Quality Management System
- ISO 14001:2015 – Environmental Management System
- ISO 45001:2018 – Occupational Health and Safety Management System
- SA 8000:2014 – Social Accountability Standard
As of June 30, 2026, G.V. Electricals had an order book comprising 34 ongoing projects with a total value of approximately ₹553.70 crore, reflecting strong business visibility and a healthy execution pipeline.
As of May 31, 2026, the company employed 4,473 personnel, including 4,332 permanent employees and 141 contract workers, deployed across its corporate offices and project locations to support its nationwide operations.
G.V.Electricals IPO Promoters
- Jawed Akhtar
- Sunil Lakshman Vatsa
- Furquan Akhtar
Promoters Holding
Holding Pre Issue
95.65%
Holding Post Issue
67.99%
G.V.Electricals IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment of a portion of certain borrowings availed by our Company
- Funding of Working Capital Requirements
- General Corporate Purpose
G.V. Electricals Limited Address / Contact Details
G.V.Electricals Ltd. Address
Unit no 324, 3rd floor, Plot no 416,
Hammersmith Industrial Premises Co-op Society Ltd,
Off. Sitladevi Temple Road, Mahim,
Mumbai, Maharashtra, 400016
Tel No: 011-43083804
E-mail: info@gvelectricals.com
Website:gvelectricals.com
IPO Snapshot
G.V.Electricals IPO Lot Size
The G.V.Electricals IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,60,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,60,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 260,000.00 |
| Retail (Max) | 2 | 2,000 | 260,000.00 |
| S-HNI (Min) | 3 | 3,000 | 390,000.00 |
| S-HNI (Max) | 7 | 7,000 | 910,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,040,000.00 |
Issue Reservation
- QIB — 28.43%
- NII — 21.61%
- RII — 49.95%
Book Running Lead Managers
- Seren Capital Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the G.V.Electricals IPO?
G.V.Electricals IPO is a Book-building IPO with a total issue size of ₹42.25 crore. The G.V.Electricals IPO price band is ₹123 to 130 per share. The G.V.Electricals IPO subscription opens on Fri, Jul 31, 2026, and closes on Fri, Aug 7, 2026. The G.V.Electricals IPO will be listed on the BSE. Mudra RTA Ventures Private Limited is the registrar for the G.V.Electricals IPO.
When will the G.V.Electricals IPO open for subscription?
The G.V.Electricals IPO opens on Fri, Jul 31, 2026 and closes on Fri, Aug 7, 2026
What is G.V.Electricals IPO Price Band?
G.V.Electricals IPO Price Band is ₹123 to 130 per share.
What is G.V.Electricals IPO Lot Size?
G.V.Electricals IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹260000 based on the upper price band
What is the minimum investment for G.V.Electricals IPO?
The minimum investment for G.V.Electricals IPO is ₹260000, based on one lot of 1000 shares at the upper price band of ₹130 per share.
How to apply for G.V.Electricals IPO?
Investors can apply for the G.V.Electricals IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 7, 2026. The application amount remains blocked until the G.V.Electricals IPO allotment is finalized.
What is G.V.Electricals IPO Issue Size?
G.V.Electricals IPO issue size is ₹42.25 crores.
What is the G.V.Electricals IPO Allotment Date?
G.V.Electricals IPO allotment date is Mon, Aug 10, 2026.
Who is the G.V.Electricals IPO Registrar?
The registrar for G.V.Electricals IPO is Mudra RTA Ventures Private Limited . Investors can go to Mudra RTA Ventures Private Limited website to check G.V.Electricals IPO allotment status, refund processing, and other IPO-related information.
What is the G.V.Electricals IPO GMP?
The G.V.Electricals IPO GMP (Grey Market Premium) is ₹18 as of Mon, Jul 27, 2026. Based on the upper price band of ₹130 per share, the estimated G.V.Electricals IPO listing price is ₹148, indicating a potential listing gain of approximately 13.85% over the issue price.
Who is the G.V.Electricals IPO Lead Manager?
The book-running lead managers (BRLMs) for the G.V.Electricals IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the G.V.Electricals IPO Red Herring Prospectus (RHP).