Summary
The G.V Electricals IPO is a book-building SME issue, with 32,50,000 shares offered to the public and a price band between ₹123 and ₹130.
The issue is scheduled to open on July 31st, 2026 and close on August 4th. 2026.
The G.V Electricals IPO is a book-building issue, offering 32,50,000 shares to the public. The issue date begins on July 31st, 2026 and will close on August 4th, 2026, with a price band of ₹123 to ₹130. The shares are fixed to list on the BSE SME platform on August 7th, 2026.
The main objective of the G.V Electricals IPO is to repay the outstanding borrowings, enhance working capital, and support general corporate purposes.
G.V Electricals IPO Key Details
The table below presents the essential details investors should know before applying for the G.V Electricals IPO.
| IPO Open Date | 31 July 2026 |
| Close Date | 04 August 2026 |
| Face value | ₹10 per share |
| Price Band | ₹123 to ₹130 |
| IPO Lot Size | 1,000 shares |
| Fresh issue | 30,00,000 |
| Offer for Sale | 2,50,000 |
| Type of issue | Book-building |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹42.25 approx |
| Minimum Investment | 2 lots or 2,000 shares |
G.V Electricals IPO Timeline
Below is the complete schedule of events for the G.V Electricals IPO.
| Bid Opening | 31 July 2026 |
| Bid Closing | 04 August 2026 |
| Tentative Allotment | 05 August 2026 |
| Initiation of Refunds | 06 August 2026 |
| Credit of Shares to Demat | 06 August 2026 |
| Tentative Listing Date | 07 August 2026 |
| UPI mandate closing date | 04 August 2026 |
Key Performance Indicators of G.V Electricals IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 36.81 | 23.16 | 17.91 |
| ROCE (%) | 31.13 | 23.88 | 27.14 |
| Debt Equity (in times) | 0.49 | 0.34 | 0.29 |
| RoNW (%) | 31.09 | 20.09 | 16.44 |
| PAT Margin (%) | 6.69 | 3.55 | 2.51 |
| EBITDA margin (%) | 10.90 | 6.13 | 5.49 |
| Price to book | 3.20 |
G.V Electricals IPO Financial Details
The Financial information of the G.V Electricals IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 15,641.29 | 13,123.56 | 11,179.56 |
| Total Asset | 7,839.74 | 5,143.34 | 4,206.06 |
| Profit | 1,046.57 | 466.08 | 280.32 |
(Amount in ₹ Lakhs)
G.V Electricals IPO Subscription Status
The subscription data is not available yet.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
G.V Electricals IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the G.V Electricals IPO shows a GMP of ₹18. Therefore, according to the status, the estimated listing price is ₹148 with an estimated gain of 13.85%.
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Gain | Last updated |
| 28-07-2026 | ₹130.00 | ₹18 | ₹148.00 | 13.85% | 28-07-2026, 11:57 |
| 27-07-2026 | ₹130.00 | ₹18 | ₹148.00 | 13.85% | 27-07-2026, 23:30 |
GMP is the premium value of the share in the unofficial market before it opens for subscription.
G.V Electricals IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares | Net issue (%) | Total issue(%) |
| Market maker | 2,80,000 | 8.62 | |
| QIBs | 14,80,000 | 49.83 | 45.54 |
| NIIs | 4,50,000 | 15.15 | 13.85 |
| Retails | 10,40,000 | 35.02 | 32.00 |
| Total | 32,50,000 | 100% | 100% |
G.V Electricals IPO Lot Sizes
Investors can refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount |
| Retail(Min) | 2 | 2,000 | ₹2,60,000 |
| Retail (Max) | 2 | 2,000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,40,000 |
G.V Electricals IPO Prospectus
Investors can access the offered prospectus for the G.V Electricals IPO mentioned below.
About G.V Electricals Ltd.
G.V Electricals Ltd. engages in the operation, maintenance, and support of power distribution infrastructure services. It was established in 1985. It mainly focuses on Indian electricity distribution services. It provides services to the electricity distribution sector for multiple voltage levels, such as 33 kV, 11 kV, and LT networks. It also holds certifications ensuring quality, occupational health and safety, environmental, and social accountability.
Promoters:
- Jawed Akhtar
- Sunil Lakshman Vatsa
- Furquan Akhtar
| Book Runner | Seren Capital Pvt. Ltd |
| Issue Registrar | Mudra RTA Ventures Pvt. Ltd. |
Purpose of G.V Electricals IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Amount in ₹ Lakhs |
| For working capital requirements | 2,200.00 |
| For partial repayment of outstanding borrowings | 600.00 |
| General Corporate Purpose | _ |
| Total | _ |
G.V Electricals Ltd.- Strengths and benefits
- Most of the company’s revenue is generated from loyal customers, indicating repeat business.
- The company includes expert management teams and strong human resource strength.
- The company has shown strong financial performance in the past few years, reflecting overall growth.
G.V Electricals Ltd- Risks and limitations
- The company’s debt-to-equity ratio shows a gradual increase, indicating that its debt payables have increased equally.
- Since it is a capital-intensive company, most of the funds are required to meet the firm’s working capital requirements.
- A major part of the company’s revenue is earned from India’s electricity distribution sectors, so any disruption in demand or supply may have a significant impact on it.
G.V Electricals IPO Review
The G.V Electricals IPO is an SME issue offering a total of 32,50,000 public shares with a price band of ₹123 – ₹130. It is scheduled to open on 31st July 2026 and close on 4th August 2026. The GMP status of the G.V Electricals IPO shows a GMP of ₹18, indicating the estimated listing price at ₹148 with an estimated gain of 13.85%.
Although the company has shown strong performance in the last few years, it is capital-intensive, with most of its funds utilised in balancing working capital requirements. Therefore, investors must evaluate the details of the company fundamentals along with the IPO information before investing.
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G.V Electricals IPO FAQs
G.V Electricals IPO is a book-built SME public issue through which the company plans to issue 32,50,000 shares and raise approximately ₹36.36 crore by issuing fresh equity shares.
Eligible investors can apply through their broker’s online platform or via ASBA using supported net banking services before the issue closes.
The IPO shows improving financial performance and profitability. Investors should evaluate the company’s valuation, business outlook, and associated risks before investing.
The company has decided to open for subscription on 31 July 2026 and close on 4 August 2026.
The minimum application size is 2 lots, comprising 2,000 shares.
The tentative allotment date is 5 August 2026.
The shares are tentatively scheduled to be listed on the BSE SME platform on 7 August 2026.
