G.V.Electricals (G.V. Electricals) IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,60,000
2 lots · 2,000 shares at the upper price band
Price band
₹130
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹38.61 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹130
- Issue size
- ₹38.61 Cr
- Lot size
- 1,000
- Opens
- 31 Jul 2026
- Closes
- 7 Aug 2026
- Allotment
- 10 Aug 2026
- Listing
- 12 Aug 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Mudra RTA Ventures Private Limited
- Minimum investment
- ₹2,60,000 (2 lots · 2,000 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Offer for sale
- ₹3 Cr
- Listing at
- BSE SME
- Refunds
- 11 Aug 2026
- Shares credited
- 11 Aug 2026
- Promoter holding
- 95.65% before · 67.99% after
- Lead managers
- Seren Capital Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:01 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 31 Jul to 7 Aug, 2026 |
|---|---|
| Listed on | Wed, Aug 12, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹123 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 32,50,000 shares (agg. up to ₹ 42 Cr) |
|---|---|
| Reserved for Market Maker | 2,80,000 shares (agg. up to ₹ 4 Cr) Mansi Share & Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 27,20,000 shares (agg. up to ₹ 35 Cr) |
| Offer for Sale | 2,50,000 shares of ₹ 10 (agg. up to ₹ 3 Cr) |
| Net Offered to Public | 29,70,000 shares (agg. up to ₹ 39 Cr) |
| Share Holding Pre Issue | 82,79,190 shares |
| Share Holding Post Issue | 1,12,79,190 shares |
| BSE Script Code | 544859 |
| ISIN | INE1ZGR01024 |
IPO Timetable
- IPO Open
- Fri, Jul 31, 2026
- IPO Close
- Fri, Aug 7, 2026
- Allotment
- Mon, Aug 10, 2026
- Refund
- Tue, Aug 11, 2026
- Credit of Shares
- Tue, Aug 11, 2026
- Listing
- Wed, Aug 12, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 14,80,000 | 49.83% | 45.54% |
| − Anchor Investor | 8,88,000 | — | 27.32% |
| − QIB (Ex. Anchor) | 5,92,000 | — | 18.22% |
| NII (HNI) | 4,50,000 | 15.15% | 13.85% |
| − bNII > ₹10L | 3,00,000 | — | 9.23% |
| − sNII < ₹10L | 1,50,000 | — | 4.62% |
| Retail | 10,40,000 | 35.02% | 32.00% |
| Firm Reservations | |||
| Market Maker | 2,80,000 | — | 8.62% |
| Total | 32,50,000 | 100.00% | 100.00% |
G.V. Electricals IPO comprises a total issue size of 32,50,000 shares. The net offer to the public is 29,70,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 14,80,000 (49.83%) are allocated to QIB , 4,50,000 (15.15%) allocated to NII 10,40,000 (35.02%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,60,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,40,000 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Thu, Jul 30, 2026 |
|---|---|
| Shares Offered | 8,88,000 |
| Anchor Portion (₹ Cr.) | 11.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 13, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Nov 11, 2026 |
G.V. Electricals IPO raises ₹ 11.54 crore from anchor investors . G.V. Electricals IPO Anchor bid date is July 30, 2026 .
IPO Anchor Investors List
About G.V.Electricals Ltd.
Incorporated in1985, G.V. Electricals Limited is an power distribution infrastructure service provider that provides operation, maintenance, and support services mainly to India's electricity distribution utilities.
The company operates in three business verticals:-
Network Operation and Maintenance ("O&M") Services,
Electrical Infrastructure and Network Development Works, and
Metering and Meter Management Services.
The company supports maintenance and operations of electrical distribution systems at various voltage levels, including 33 kV, 11 kV, and LT networks. It provides O&M for 33/11 kV substations and deploys technical staff for field tasks like line maintenance, network inspection, and fault rectification.
The company has ISO 9001:2015, 14001:2015, 45001:2018, and SA 8000:2014 certifications for its management systems covering quality, environmental, occupational health and safety, and social accountability.
As of June 30, 2026, the company's order book includes 34 ongoing projects valued at about ₹ 553.70 crores.
As of May 31 , 2026, the Company had 4,473 employees, including 4,332 permanent staff and 141 contract workers across offices and projects.
Competitive Strength
Presence Across Electrical Infrastructure Activities with Major Revenue from O&M Services
Order Book Providing Revenue Visibility
Majority of Revenue from Repetitive Customers
Experienced Management Team and Manpower Strength
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 78.40 | 51.43 | 42.06 |
| Total Income | 156.66 | 131.36 | 112.03 |
| Profit After Tax | 10.47 | 4.66 | 2.80 |
| EBITDA | 17.05 | 8.04 | 6.14 |
| NET Worth | 33.67 | 23.20 | 17.05 |
| Reserves and Surplus | 25.39 | 23.16 | 17.01 |
| Total Borrowing | 16.47 | 7.84 | 4.95 |
| Amount in ₹ Crore |
G.V.Electricals Ltd.'s revenue increased by 19% and profit after tax (PAT) rose by 125% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Other Electrical Equipment
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| IC Electricals Co.Ltd. | SME | ₹47.91 Cr | ₹99 | 9.42 | ₹174.30 | +76.06% | ₹118.95 |
| Vivid Electromech Ltd. | SME | ₹130.54 Cr | ₹555 | 19.2 | ₹563.05 | +1.45% | ₹1,698.30 |
| INDO SMC Ltd. | SME | ₹91.95 Cr | ₹149 | 16.1 | ₹154.80 | +3.89% | ₹510.10 |
| Sugs Lloyd Ltd. | SME | ₹85.66 Cr | ₹123 | 11.91 | ₹125.85 | +2.32% | ₹228.40 |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹545.00 |
| Fujiyama Power Systems Ltd. | Mainboard | ₹828.00 Cr | ₹228 | 40.85 | ₹208.44 | -8.58% | ₹435.20 |
| Emmvee Photovoltaic Power Ltd. | Mainboard | ₹2,900.00 Cr | ₹217 | 34.9 | ₹219.40 | +1.11% | ₹331.25 |
| Saatvik Green Energy Ltd. | Mainboard | ₹900.00 Cr | ₹465 | 24.35 | ₹440.70 | -5.23% | ₹415.95 |
| Mangal Electrical Industries Ltd. | Mainboard | ₹400.00 Cr | ₹561 | 24.31 | ₹535.35 | -4.57% | ₹286.70 |
| Vikram Solar Ltd. | Mainboard | ₹2,079.37 Cr | ₹332 | 75.16 | ₹356.40 | +7.35% | ₹169.28 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of a portion of certain borrowings availed by the Company | 6.00 |
| 2 | Funding of Working Capital Requirements | 22.00 |
| 3 | General Corporate Purpose | 5.49 |
| 4 | Issue Expenses | 5.97 |
| Total | 39.46 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 36.81% |
| ROCE | 31.13% |
| Debt/Equity | 0.49 |
| RoNW | 31.09% |
| PAT Margin | 6.69% |
| EBITDA Margin | 10.90% |
| NAV | 40.66 |
| Price to Book Value | 3.20 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.64 | 9.28 |
| P/E (x) | 10.28 | 14.01 |
| Market Cap at Offer Price | ₹108Cr. | ₹187.12 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 95.65% | 67.99% |
| Public | 4.35% | 32.01% |
| Total | 100% | 100% |
Company Promoters: Jawed Akhtar, Sunil Lakshman Vatsa and Furquan Akhtar.
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Jawed Akhtar | Promoter | 1,25,000 | 1.63 |
| Sunil Lakhsman Vatsa | Promoter | 1,25,000 | 1.63 |
| Total | — | 2,50,000 | 3.25 |
G.V. Electricals IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
G.V. Electricals IPO Subscription Status (Bidding Detail)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| 🔒 Preview Limited Full data is available exclusively on IPOMatrix.com — your premium IPO research platform. 🔑 Login to View All Records → | ||||
| Total | 141.12 | 29,70,000 | 41,91,19,000 | 1,41,697 |
The G.V. Electricals IPO subscription status. Full data available on IPOMatrix.com .
Reload Subscription
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees (including underwriting commission and marketing fees) | 5.46 |
| 2 | Fees Payable to Registrar to the Issue | 0.05 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.07 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.25 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 6 | Fees Payable to Statutory Auditor, Legal Advisors, Chartered Engineer, Independent Chartered Accountant, Practicing Company Secretary and Industry Research Agency | 0.14 |
| 7 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.00 |
| Total | 5.97 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹ 130.00 |
| Open | ₹ 158.00 |
| Low | ₹ 154.00 |
| High | ₹ 165.90 |
| Last Trade | ₹ 165.90 |
Check IPO Performance…
IPO Registrar
Mudra RTA Ventures Private Limited
9870297591/9870297592
ipo@mudrarta.com
IPO Lead Manager(s)
Seren Capital Pvt.Ltd.
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
011-43083804
info@gvelectricals.com
G.V.Electricals (G.V. Electricals) IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
