G.V. Electricals IPO Details

SME BSE

G.V. Electricals IPO Summary

G.V. Electricals IPO opens for subscription on 31 Jul 2026 and closes on 07 Aug 2026.The IPO will be listed on BSE with the tentative listing date set for 12 Aug 2026.

G.V. Electricals IPO price band has been fixed at ₹123 – ₹130 per share. The face value is ₹10 per share with a lot size of 1000.

G.V. Electricals IPO total issue size comprises 32,50,000 shares (aggregating up to ₹42.25 Cr). This includes a fresh issue of 30,00,000 shares (aggregating up to ₹39.00 Cr). Offer for Sale consists of 2,50,000 shares (aggregating up to ₹3.25 Cr). Pre-issue shareholding stands at 82,79,190, which will increase to 1,12,79,190 post-issue.

G.V. Electricals IPO carries a ₹26 (20%) GMP, reflecting investor sentiment.

G.V. Electricals IPO Lot Size :Individual Minimum is 2 lots (2,000 shares) amounting to ₹260,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹260,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹390,000. SHNI Maximum is 7 lots (7,000 shares) amounting to ₹910,000. BHNI Minimum is 8 lots (8,000 shares) amounting to ₹1,040,000.

The Lead Managers for G.V. Electricals IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Seren Capital Pvt Ltd . To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Mansi Share & Stock Broking Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the G.V. Electricals Limited RHP.

G.V. Electricals IPO Details

Open Date

31 Jul 2026

Close Date

07 Aug 2026

Listing Date

12 Aug 2026

Issue Price

₹123 - ₹130

Face Value

₹10 per share

Lot Size

1000 Shares

GMP

₹26(20%)

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Pre-issue Shareholding

82,79,190 shares

Post-issue Shareholding

1,12,79,190 shares

Total Issue Size

32,50,000 shares(aggregating up to ₹42.25 Cr)

Fresh Issue

30,00,000 shares(aggregating up to ₹39.00 Cr)

Offer for Sale

2,50,000 shares(aggregating up to ₹3.25 Cr)

G.V. Electricals IPO Subscription

G.V. Electricals IPO Application Wise Breakup

G.V. Electricals IPO Dates

31 Jul 2026
Opening dateOpen
07 Aug 2026
Closing dateClose
10 Aug 2026
Allotment Date Allotment
11 Aug 2026
Initiation of RefundsRefund
11 Aug 2026
Credit of SharesCredit
12 Aug 2026
Listing dateListing

G.V. Electricals IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	2000	₹260,000
Individual Maximum	2	2000	₹260,000
SHNI Minimum	3	3000	₹390,000
SHNI Maximum	7	7000	₹910,000
BHNI Minimum	8	8000	₹1,040,000

G.V. Electricals IPO Reservation

Promoter Holding

Pre Issue:

95.65%

Post Issue:

67.99%

Promoter Names:

Jawed Akhtar, Sunil Lakshman Vatsa, Furquan Akhtar

Documents

DRHP

G.V. Electricals IPO DRHP

RHP

G.V. Electricals IPO RHP

Anchor List

Anchor Investors

G.V. Electricals IPO Valuations

ROE36.81%

ROCE31.13%

Debt/Equity0.49

RoNW31.09%

PAT Margin6.69%

EBITDA Margin10.90%

Price to Book Value3.20

EPS(₹) (Pre IPO)12.64

EPS(₹) (Post IPO)9.28

P/E (x) (Pre IPO)10.28

P/E (x) (Post IPO)14.01

G.V. Electricals Financial Information

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

About G.V. Electricals IPO

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.

Strength Of G.V. Electricals IPO

Presence Across Electrical Infrastructure Activities with O&M-based Revenue Contribution.
Order Book Providing Revenue Visibility.
Majority of Revenue from Repetitive Customers.
Experienced Management Team and Manpower Strength.

Risk Of G.V. Electricals IPO

A major portion of the company's revenue is derived from power distribution utilities, and any reduction in business from such customers, adverse changes in procurement practices or failures to secure new contracts may adversely affect its business, results of operations, financial condition and cash flows.
The company's revenue from operations is substantially dependent on Network Operation and Maintenance ("O&M") Services, and any adverse changes affecting this service vertical may have a material adverse effect on its business.
The company's business is dependent on securing contracts through competitive tendering processes, and the company's inability to successfully participate in or secure such tenders, or maintain competitive pricing, may adversely affect its business.
A significant portion of the company's revenue from operations is derived from a limited number of customers, and any reduction in business from such customers may adversely affect its business, results of operations, financial condition and cash flows.
The company's business is dependent on procurement of electrical materials and equipment from third-party suppliers, and any significant fluctuation in prices or disruption in supply of such materials, including dependence on a limited number of suppliers, may adversely affect its business.
The company's ongoing order book may not be indicative of assured revenues, as a significant portion of its projects are executed under rate contracts, maintenance arrangements and work order-based engagements, where actual execution is dependent on issuance of specific work orders and operational requirements of customers.
The company's business operations are dependent on availability and deployment of skilled and semi-skilled manpower, and any inability to effectively manage or deploy such workforce may adversely affect its business, results of operations, financial condition and cash flows.
The company's business is working capital intensive and any inability to arrange adequate funding or efficiently manage its working capital, including trade receivables, inventories and project-related cash flows, may adversely affect the company's liquidity, operations and financial condition.
The Company has experienced negative cash flows in the past and may experience negative cash flows in the future, which may adversely affect its business, results of operations, cash flows and financial condition.
There are certain outstanding legal proceedings involving the Company, primarily relating to labour matters and tax proceedings, and any adverse outcome in such proceedings may adversely affect its business, results of operations, financial condition and cash flows.

Objectives G.V. Electricals IPO

1. epayment of a portion of certain borrowings availed by the Company;

2. Funding of Working Capital Requirements

3. General Corporate Purpose

Company Contact Details

Unit no 324, 3rd floor, Plot no 416, Hammersmith Industrial Premises Co-op Society Ltd, Off. Sitladevi Temple Road, Mahim,
Mumbai, Maharashtra , 400016
Phone: 011-43083804
Email: info@gvelectricals.com
Website: https://gvelectricals.com/

Registrar Contact Details

Name:

Mudra RTA Ventures Pvt Ltd

Phone:

+919870297591

Email:

ipo@mudrarta.com

Website:

https://mudrarta.com/ipo.php

Lead Mangers

Market Maker

G.V. Electricals FAQs

The G.V. Electricals IPO is a SME public issue comprising 3250000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹42.25 Cr. The issue price has been fixed at ₹130 per equity share, and the minimum application size is 1000 shares.

The IPO opens for subscription on 31 Jul 2026, and closes on 07 Aug 2026.

Mudra RTA Ventures Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE

The G.V. Electricals IPO opens on 31 Jul 2026.

G.V. Electricals IPO lot size is 1000, and the minimum amount required for application is ₹130000.

You may apply for the G.V. Electricals IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the G.V. Electricals IPO is scheduled to be finalized on 10 Aug 2026. Subsequently, the shares allotted will be credited to investors’ demat accounts by 11 Aug 2026. Investors are advised to regularly check the G.V. Electricals IPO allotment status for updates.

The listing date for the G.V. Electricals IPO has not yet been officially announced. However, the tentative listing date is scheduled for 12 Aug 2026.

G.V. Electricals IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at ₹26 (20%).