About G.V. Electricals IPO
G.V. Electricals IPO Details
G.V. Electricals IPO is a 100% book-built issue of 32.50 shares worth up to ₹42 crore, comprising a fresh issue of ₹39 crore and an offer for sale of ₹3.25 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on March 30, 2026.
The price band of the issue is set between ₹123 to ₹130 per share and the lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor is ₹2,60,000 (2,000 shares). The IPO will be open for subscription from July 31 to August 4, 2026, on the BSE SME platform, with a tentative listing date fixed as August 7, 2026. The book-running lead manager of the issue is Seren Capital Private Limited, while the registrar to the offer is Mudra RTA Ventures Private Limited.
G.V. Electricals IPO Date & Timeline
The G.V. Electricals IPO is officially set to open for subscription on Jul 31, 2026 and will close on Aug 4, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on March 30, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Aug 5, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Aug 6, 2026. Finally, shares of G.V. Electricals Ltd. are tentatively scheduled to list on the stock exchanges on Aug 7, 2026.
G.V. Electricals IPO Timeline
| IPO Open Date | Fri, Jul 31, 2026 |
| IPO Close Date | Tue, Aug 4, 2026 |
| Basis of Allotment | Wed, Aug 5, 2026 |
| Initiation of Refunds | Thu, Aug 6, 2026 |
| Credit of Shares to Demat | Thu, Aug 6, 2026 |
| Listing Date | Fri, Aug 7, 2026 |
| Cut-off time for UPI mandate confirmation | - |
G.V. Electricals IPO Details
| Detail | Description |
|---|---|
| IPO Date | 31 Jul to 4 Aug, 2026 |
| Listing Date | 7 Aug, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 123 to ₹ 130 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Issue + Offer For Sale |
| Total Issue Size | 32,50,000 shares (agg. up to ₹ 42 Cr) |
| Reserved for Market Maker | 2,80,000 shares (agg. up to ₹ 4 Cr) Mansi Share & Stock Broking Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 27,20,000 shares (agg. up to ₹ 35 Cr) |
| Offer for Sale | 2,50,000 shares of ₹10 (agg. up to ₹ 3 Cr) |
| Net Offered to Public | 29,70,000 shares (agg. up to ₹ 39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 82,79,190 shares |
| Share Holding Post Issue | 1,12,79,190 shares |
G.V. Electricals IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The G.V. Electricals IPO GMP is currently trading at ₹22, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹152, which is 16.92% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹130 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹22 and a lot size of 1000 shares.
G.V. Electricals GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 28 Jul 2026 | ₹130.00 | ₹22 | 28 Jul, 202606:02 PM |
| 27 Jul, 2026 | ₹130.00 | ₹12 | 27 Jul, 202606:02 PM |
Company Background
G.V. Electricals Ltd. was incorporated as a private limited company on February 28, 1985, under the provisions of the Companies Act, 1956, in Maharashtra. On September 1, 2025, the firm converted from a private limited company to a public limited company to proceed with its public listing procedures. The firm maintains its registered office in Mahim, Mumbai, Maharashtra and its corporate office in Rohini, North West Delhi.
Over four decades of operational activity as a power distribution infrastructure services provider, the firm built its presence in the electrical engineering and equipment domain. The company received award contracts by electricity distribution utilities, government authorities and other customers for execution and services. The company is mainly engaged in operation & maintenance (O&M) and allied support services primarily to electricity distribution utilisation in India.
Operations & Product Range
G.V. Electricals Ltd. operates as an electrical manufacturing and execution company catering to commercial, industrial and infrastructure sector clients. The business model centers around delivering turnkey electrical solutions, electrical contracting services and manufacturing specialized electrical equipment. The core service catalogue encompasses low-voltage and high-voltage power distribution systems, control panel assembly, cabling solutions and site installation services for commercial spaces, public infrastructure projects and industrial units.
Facilities & Capacity
G.V. Electricals Ltd. operates dedicated administrative and operational infrastructure, including its registered office in Mahim, Mumbai and a corporate office in Rohini, North West Delhi. The company utilises specialised engineering and panel assembly facilities to design, assemble and test custom electrical distribution setups. These operational locations provide the necessary capacity to handle testing, panel assembly and large-scale site installation requirements across commercial and industrial infrastructure projects.
Brands & Market Presence
G.V. Electricals Ltd. maintains a strong market presence under its primary enterprise brand identity in the electrical engineering sector. The company primarily targets commercial developers, industrial units and public infrastructure projects across key domestic regions, with a strong focus on Maharashtra and Delhi. Through consistent project execution, custom distribution panel manufacturing and site installation services, the company has established long-standing vendor relationships and a dependable brand presence across India.
Revenue Streams & Business Model
G.V. Electricals Ltd. operates an integrated business model centered on electrical engineering solutions, turnkey contracting services and power distribution equipment sales. The company's primary revenue stream is derived from the execution of low-voltage and high-voltage electrical installations, control panel assembly and cabling projects for industrial, commercial and public infrastructure clients. Additionally, the firm generates steady sales income through custom distribution panel manufacturing and long-term operations and maintenance contracts across its core domestic markets in Maharashtra and Delhi.
Financial Performance
G.V. Electricals Ltd. demonstrated consistent financial growth over recent fiscal years. For FY25, the firm reported total income of ₹131.36 crore, up 17.25% from ₹112.03 crore in FY24 and ₹104.43 crore in FY23. Operating profitability expanded as EBITDA reached ₹8.04 crore in FY25 compared to ₹6.14 crore in FY24, representing an EBITDA margin of 6.12%. Net profit surged 66.4% year-on-year to ₹4.66 crore in FY25 from ₹2.80 crore in FY24, driven primarily by core power distribution infrastructure O&M services.
Management & Shareholding
G.V. Electricals Ltd. is promoted by Jawed Akhtar, Sunil Lakshman Vatsa and Furquan Akhtar. Before the IPO, the promoter held an 89.32% stake and the promoter group held a 10.68% stake in the company, but after the listing, the promoters' shareholding will be slightly diluted as the offering includes an OFS of 2.50 lakh equity shares to be sold by existing shareholders.
Board & Key Management
The leadership of G.V. Electricals Ltd. is led by a team of experts with many years of experience. Jawed Akhtar serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Sunil Lakshman Vatsa, the Managing Director, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors Manoj Kumar and Deepshikha Yadav for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
G.V. Electricals IPO Financial Information
Latest Revenue
156.41
₹ Crore
Profit After Tax
10.47
₹ Crore
Net Worth
33.67
₹ Crore
Total Borrowing
16.47
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 78.40 | 156.41 | 10.47 | 33.67 | 25.39 | 16.47 | |||
| 31 Mar 2025 | 51.43 | 131.24 | 4.66 | 23.20 | 23.16 | 7.84 | |||
| 31 Mar 2024 | 42.06 | 111.80 | 2.80 | 17.05 | 17.01 | 4.95 | |||
| 31 Mar 2023 | 37.10 | 104.22 | 4.66 | 14.25 | 14.21 | — | |||
| Amount in ₹ Crore | |||||||||
G.V. Electricals Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.81 % |
| ROCE | 31.13 % |
| Debt/Equity | 0.49 |
| RoNW | 31.09 % |
| PAT Margin | 6.69 % |
| EBITDA Margin | 10.90 % |
| Price to Book Value | 3.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.64 | 9.28 |
| P/E (x) | 10.28 | 14.01 |
G.V. Electricals IPO Objectives
The company aims to fund its G.V. Electricals IPO proceeds for strategic purposes:
- • Funding working capital requirements
- • Repayment of debt (in part or in full)
- • General corporate purposes
G.V. Electricals IPO Review
G.V. Electricals Ltd. possesses an established operating track record dating back to 1985 in the electrical contracting and setup space. Operating in a sector driven by expanding industrial demand, infrastructure spending and commercial real estate development, the business maintains a clear industry focus.
Financially, the company reflects income streams derived from long-term contracting projects and electrical supply operations. Sustainable performance relies on maintaining order book visibility, managing working capital efficiently and executing client contracts on schedule.
However, the key strengths disclosed include long-standing operational history, established vendor relationships and experienced promoter management. While, the risk factors associated with the business include working capital intensity, dependency on contract awards and potential fluctuations in raw material pricing. Overall, the IPO shows a growing and established company that aims to expand and strengthen its financials, but investors must be aware of the operational decisions and financial usage before investing to ensure a good investment decision.
Conclusion
G.V. Electricals IPO is an opportunity for investors to invest in a growing and well-established firm that brings over four decades of operating history in power distribution infrastructure services. Supported by experienced promoters and a specialised presence in electrical contracting and distribution systems, the business seeks to capitalize on growing domestic infrastructure investments. With this IPO, the company aims to fund its repayment of debt and daily operational expenses.
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Competitive Strengths
Decades of operating experience in electrical contracting and equipment supply since 1985.
Established presence across industrial and commercial infrastructure markets in Maharashtra and Delhi.
Integrated capability to provide both product supply and turnkey site execution services.
Experienced promoter group driving daily project execution and corporate management.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | 260000 |
| Individual investors (Retail) (Max) | 2 | 2000 | 260000 |
| S-HNI (Min) | 3 | 3000 | 390000 |
| S-HNI (Max) | 7 | 7000 | 910000 |
| B-HNI (Min) | 8 | 8000 | 1040000 |