G.V. Electricals

G.V. Electricals SME IPO

Listed

BSE SMEOpens 31 July 2026Closes 7 August 2026

G.V. Electricals Limited (originally incorporated in 1985 as G.V. Electricals Private Limited) is an Indian power distribution infrastructure services provider. The company specializes in providing operation,…

Show more
Live GMPSubscriptionAllotment
Price band
₹123 - ₹130
Issue size
₹42.25 Cr
Lot size
1,000 shares
Type
BSE SME
GMP
₹25 (+19.2%)
Est. listing
₹155
Est. profit / app
₹50,000
Retail quota
35.02%

Key ratios

As per RHP / filings
Face value
₹10
EPS
12.64
P/E ratio
10.28
RoNW
31.09%
ROE
36.81%
Debt / Equity
0.49
Advertisement

Timeline

IPO Opens

31 Jul

IPO Closes

7 Aug

Allotment

10 Aug

Listing

12 Aug

IPO Timeline & Listing Details

EventDate
IPO Open Date31 July 2026
IPO Close Date7 August 2026
Allotment Date10 August 2026
Listing Date12 August 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,60,000
SHNI (Min)
3₹3,90,000
SHNI (Max)
7₹9,10,000
BHNIAbove ₹10,00,000
8₹10,40,000

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)49.83%
NII (Non-Institutional Investor)15.15%
SHNI (Small Non-Institutional Investor)4.62%
BHNI (Big Non-Institutional Investor)9.23%
Retail35.02%
Market Maker8.62%
Total100.00%

IPO Objectives

  • 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.

Strengths

  • Diversified presence across electrical infrastructure operations with a core focus on power distribution O&M services.
  • Robust order book standing at 34 active projects valued at approximately ₹594.67 crore as of February 28, 2026.
  • Strong customer retention with 88.29% of Fiscal 2026 revenue generated from repeat clientele.
  • Certified management framework adhering to ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and SA 8000:2014 standards.

Weaknesses

  • Heavy reliance on power distribution utilities, exposing operations to government policy shifts and DISCOM financial health.
  • High service category concentration, with Network Operation & Maintenance (O&M) Services contributing 76.90% of operational revenue in FY26.
  • Geographical revenue concentration, with Odisha alone accounting for 69.05% of operational revenue in Fiscal 2026.
  • Working capital-intensive operations characterized by extended payment cycles and high trade receivables.
Advertisement

Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)78.451.4342.06
Revenue (₹ Cr.)156.66131.36112.03
PAT (₹ Cr.)10.474.662.8
Net Worth (₹ Cr.)33.6723.217.05

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
G.V. Electricals3.210.2831.09%33.67
Rajesh Power3.7210.5635.26%146.31
Parth Electricals & Engg5.9246.3512.78%40.52

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3Day 4Day 5Day 6
QIB3.52x3.52x66.42x62.61x58.45x91.55x
NII2.18x29.99x243.24x234.77x230.82x272.79x
S-HNI1.35x27.55x159.99x135.07x139.63x187.69x
B-HNI2.6x31.21x284.86x284.62x276.42x315.34x
RII1.65x29.33x150.75x82.1x91.87x168.69x
Total2.3x22.13x146.76x109.56x112.4x169.26x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB5,92,0005,41,98,000704.57
NII4,50,00012,27,56,0001,595.83
Small NII1,50,0002,81,53,000365.99
Big NII3,00,0009,46,03,0001,229.84
RII10,40,00017,54,36,0002,280.67
Total20,82,00035,23,90,0004,581.07
Advertisement

Company Details

  • G.V. Electricals Limited
  • Unit no 324, 3rd floor, Plot no 416, Hammersmith Industrial Premises Co-op Society Ltd, Narayan Pathare Marg, Off. Sitladevi Temple Road, Mahim, Mumbai, Maharashtra, 400016, India
  • 011-43083804
  • company.secretary@gvelectricals.com
  • https://www.gvelectricals.com/

Registrar Details

Frequently Asked Questions

What does G.V. Electricals Limited do?
G.V. Electricals Limited provides operation, maintenance, and infrastructure development services for electricity distribution utilities across India.
What are the IPO dates for G.V. Electricals SME IPO?
The G.V. Electricals SME IPO opens for subscription on July 31, 2026, and closes on August 4, 2026. The anchor bidding date is July 30, 2026.
What is the price band and minimum investment for G.V. Electricals IPO?
The price band is fixed between ₹123 and ₹130 per share. Retail investors can apply for a minimum lot of 2 lots (2,000 shares), requiring an investment of ₹2,60,000 at the upper price band.
What is the issue size of G.V. Electricals IPO?
The total issue size is ₹42.25 Crores (32,50,000 equity shares), comprising a fresh issue of ₹35.36 Crores (30,00,000 shares) and an Offer for Sale (OFS) of ₹3.25 Crores (2,50,000 shares).
What is the G.V. Electricals IPO listing date?
The equity shares of G.V. Electricals Limited are tentatively scheduled to list on the BSE SME platform on August 7, 2026.

G.V. Electricals SME IPO News & Updates

Follow the latest updates for G.V. Electricals SME IPO, including grey market moves and allotment news.

G.V. Electricals SME IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

G.V. Electricals SME IPO Details

Issue size, price, financials, and company info

G.V. Electricals SME IPO GMP

Live grey market premium and listing estimate

G.V. Electricals SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

G.V. Electricals SME IPO Allotment

Allotment date, chances, and check by PAN

G.V. Electricals SME IPO Review

SWOT, strengths, risks, and IPO review

G.V. Electricals SME IPO FAQ

Common questions on dates, GMP, and allotment

G.V. Electricals SME IPO Registrar

Registrar website and how to check allotment

G.V. Electricals SME IPO Timeline

Open, close, allotment, and listing dates

G.V. Electricals SME IPO News

Updates, blogs, and latest IPO news

Sources

We match G.V. Electricals SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Mudra RTA Ventures Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...