G V Electricals Ltd. IPO Details
G V Electricals was incorporated on February 28, 1985. The company is a power distribution infrastructure services provider offering operation and maintenance (O&M) and allied support services to electricity distribution utilities across India. Its services cover the operation, maintenance, and field execution of electricity distribution networks, including substations, feeders, poles, cables, and distribution line
| Bidding Dates |
|---|
| 31 Jul 2026 - 07 Aug 2026 |
| Subscription |
|---|
| 149.31x Oversubscribed |
| Check Allotment Status |
|---|
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,46,000 | 2 | 2 | 1000 | 3.3 M | ₹123 - ₹130 | 67.99 % | ₹399.8 M - ₹422.5 M | RHP DOC |
G V Electricals IPO SUBSCRIPTION STATUS
07 Aug '26G V Electricals IPO overall subscription rate was 149.31 times the total available shares
G V Electricals IPO retail subscription rate was 168.69 times in the retail segment
G V Electricals IPO non-institutional investor subscription rate was 168.54 times in the non-institutional investor category
G V Electricals IPO Qualified Institutional Bidder subscription rate was 91.55 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
07 Aug 2026 (Day 6) | 168.69x | 168.54x | 91.55x |
06 Aug 2026 (Day 5) | 91.87x | 142.67x | 58.45x |
05 Aug 2026 (Day 4) | 82.1x | 145.11x | 62.61x |
04 Aug 2026 (Day 3) | 150.75x | 150.32x | 66.42x |
03 Aug 2026 (Day 2) | 29.33x | 18.87x | 3.52x |
31 Jul 2026 (Day 1) | 1.65x | 1.34x | 3.52x |
G V Electricals FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 156.4 | 10.5 | -3.3 | -6.3 | 10.9% |
| FY25 | 131.2 | 4.7 | 1.1 | -1.8 | 6.1% |
| FY24 | 111.8 | 2.8 | 0.4 | -0.7 | 5.5% |
G V Electricals IPO SUBSCRIPTION STATUS DETAILS
G V Electricals has 3.3 M shares on offer
G V Electricals IPO offer price is in the range ₹123 - ₹130
G V Electricals IPO minimum Investment is ₹246000
G V Electricals IPO issue size is ₹ 399.8 M - ₹ 422.5 M
G V Electricals has a minimum lot size of 1000 Shares per application
G V Electricals NUMBER OF SHARES ON OFFER
G V Electricals IPO IMPORTANT DATES
| Issue Open Date | 31 Jul 2026 |
| Issue close Date | 07 Aug 2026 |
| Allotment Date | 10 Aug 2026 |
| Refund Date | 11 Aug 2026 |
| Demat Account Credit Date | 11 Aug 2026 |
| Listing Date | 12 Aug 2026 |
| Listing on Exchange(s) | BSE |
| G V Electricals Allotment Status | Exchange/ Registrar |
G V Electricals IPO subscription opens on 31 Jul 2026, and closes on 07 Aug 2026
IPO allotment for G V Electricals is expected to be finalized on Monday, 10 Aug 2026
IPO listing for G V Electricals will be on BSE on Wednesday, 12 Aug 2026
G V Electricals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| G V Electricals Ltd. | 130 | 146.6 | 14 | 0.1 | 0.9 | 31.1 | 13.3 | 156.7 | 19.3 | 10.5 | 124.5 | 9.3 | 124.5 |
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
G V Electricals INFORMATION ON IPO ISSUE
About G V Electricals
G V Electricals was incorporated on February 28, 1985. The company is a power distribution infrastructure services provider offering operation and maintenance (O&M) and allied support services to electricity distribution utilities across India. Its services cover the operation, maintenance, and field execution of electricity distribution networks, including substations, feeders, poles, cables, and distribution line
Object of the Issue
- Repayment of a portion of certain borrowings availed by the company
- Funding of working capital requirements
- General corporate purpose
G V Electricals - PROMOTERS
| Name |
|---|
| Jawed Akhtar |
| Sunil Lakshman Vatsa |
| Furquan Akhtar |
G V Electricals - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jawed Akhtar | Chairman & Whole-time Director |
| Sunil Lakshman Vatsa | Managing Director |
| Rakesh Kumar Yadav | Non-Executive Director |
| Manoj Kumar | Independent Director |
| Deepshikha Yadav | Independent Director |
G V Electricals Book Running Lead Manager
Seren Capital Private Limited
info@serencapital.in
G V Electricals Registrar to the Offer
Mudra RTA Ventures Private Limited
ipo@mudrarta.com
G V Electricals Strengths
Integrated power infrastructure services
The company provides operation and maintenance, electrical infrastructure development, and metering services for electricity distribution networks. Its capabilities include installation, testing, commissioning, fault management, and maintenance of HT/LT networks, substations, cables, poles, and energy metering systems
Order book visibility
The company has a diversified order book of electrical infrastructure, metering, and O&M projects from electricity distribution utilities and government entities, providing revenue visibility and supporting efficient resource planning. However, project execution and revenue realization remain subject to work orders, approvals, site availability, and other operational factors
Revenue from repetitive customers
The company executes projects for electricity distribution utilities and government entities under work orders, including rate and framework contracts issued based on customer requirements. This diversified contract structure provides recurring business opportunities while supporting long-term customer relationships
G V Electricals Risks
Working capital intensive
The company's operations are working capital intensive, requiring significant funding for materials, manpower, subcontractors, and project execution. Any inability to efficiently manage working capital, inventories, or project cash flows could affect liquidity, delay project execution, and adversely impact its financial performance
Depend on third-party contractors
The company relies on third-party contractors and subcontractors for certain project activities, making project execution dependent on their timely and quality performance. Any delays, quality issues, or non-compliance by these parties could disrupt operations, increase costs, and adversely affect the company's business and financial performance
Cost escalation & margin risk
The company's profitability depends on its ability to manage rising labour, material, logistics, and subcontracting costs under competitive contracts. Any inability to recover these cost increases from customers could reduce margins and adversely affect its financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3.2 crore, of 250,000 shares. It also consists of a fresh issue of Rs 39.0 crore.
The promoters of the company are Jawed Akhtar, Sunil Lakshman Vatsa and Furquan Akhtar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 123.0 - 130.0.
The IPO application opens on Jul 31, 2026 and closes on Aug 07, 2026.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 246,000.0, the maximum value for this IPO is Rs 260,000.0.
This IPO will be allotted on Aug 10, 2026.
The refund will be credited to your account on Aug 11, 2026.
The allotted shares will be credited to your demat on Aug 11, 2026.
G V Electricals Ltd.’s shares will list on the stock exchanges on Aug 12, 2026.