IPO details · Updated
G.V. Electricals Limited
- Price Band
- ₹123 – ₹130
- Lot Size
- 1,000 shares
- Min. Investment
- ₹1,30,000
- Issue Size
- ₹42.25 Cr
- Offer Dates
- 31 Jul – 7 Aug 2026
- Listing
- 12 Aug 2026
Issue Details
- Total Issue Size
- ₹42.25 Cr
- 32,50,000 shares
- Fresh Issue
- ₹39 Cr
- 30,00,000 shares
- Offer for Sale
- ₹3.25 Cr
- 2,50,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 82,79,190
- Shares Post-Issue
- 1,12,79,190
IPO Timeline
Offer opens
31 Jul 2026
Offer closes
7 Aug 2026
Allotment
10 Aug 2026
Listing
12 Aug 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor27.3%8,88,000 shares
- QIB18.2%5,92,000 shares
- HNI13.8%4,50,000 shares
- Retail32.0%10,40,000 shares
- MarketMaker8.6%2,80,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| All categories | 20,82,000 | 35,23,92,000 | 169.26x |
| Total | 20,82,000 | 35,23,92,000 | 169.26x |
Lot Size & Investment
1 lot = 1,000 shares
Retail (min)
2 lots · 2,000 shares
Retail (max)
2 lots · 2,000 shares
S-HNI (min)
3 lots · 3,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,000 | ₹2,60,000 |
| Small HNI (S-HNI) | 3 | 3,000 | ₹3,90,000 |
| Big HNI (B-HNI) | 8 | 8,000 | ₹10,40,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 78.4 | 51.43 | 42.06 |
| Total Income | 156.66 | 131.36 | 112.03 |
| Profit After Tax | 10.47 | 4.66 | 2.8 |
| EBITDA | 17.05 | 8.04 | 6.14 |
| Net Worth | 33.67 | 23.2 | 17.05 |
| Reserves & Surplus | 25.39 | 23.16 | 17.01 |
| Total Borrowing | 16.47 | 7.84 | 4.95 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| ROE (%) | 36.81 |
| ROCE (%) | 31.13 |
| EPS (₹) | 12.64 |
| P/E (pre-issue) | 10.28 |
| P/E (post-issue) | 14.01 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Rajesh Power Services Ltd | 10.69 | 35.26% |
| Parth Electricals & Engineering Limited | 39.2 | 12.78% |
About G.V. Electricals Limited
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
Objects of the Issue
- Repayment of a portion of certain borrowings availed by the Company (₹6.00 Cr)
- Funding of Working Capital Requirements (₹22.00 Cr)
- General Corporate Purpose (₹5.49 Cr)
- Issue Expenses (₹5.97 Cr)
Promoters
- <p>Jawed Akhtar
- Sunil Lakshman Vatsa
- Furquan Akhtar</p>
Company Information
- Book running lead managers
- Seren Capital Pvt.Ltd.
- Registered office
- Unit no 324, 3rd floor, Plot no 416,, Hammersmith Industrial Premises Co-op Society Ltd,, Off. Sitladevi Temple Road, Mahim,, Mumbai, Maharashtra, 400016
- Market maker
- Mansi Share & Stock Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
Similar IPOs
Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.