The GV Electricals initial public offering (IPO) began on Friday, 31 July, and will end on Tuesday, 4 August. The GV Electricals IPO price band is set at ₹123-130 per equity share, with a face value of ₹10 per share.
The GV Electricals IPO lot size has been fixed at 1,000 equity shares, with bids accepted in multiples of 1,000 shares thereafter.
The GV Electricals IPO allotment is expected to be finalised on August 5, while the company’s shares are likely to be listed on the BSE SME platform on August 7.
Incorporated in 1985, GV Electricals offers operation and maintenance (O&M) and allied support services to electricity distribution utilities across India. The company’s business is organised into three key verticals: network operation and maintenance, electrical infrastructure and network development, and metering and meter management services.
On the financial front, GV Electricals delivered strong growth in FY26. The company reported a 124.5% year-on-year increase in net profit to ₹10.5 crore, compared with ₹4.7 crore in the previous financial year, driven by improved operational performance.
Revenue from operations rose 19.2% year-on-year to ₹156.4 crore, while EBITDA more than doubled to ₹17.04 crore from ₹8.04 crore a year earlier. The EBITDA margin expanded significantly by 477 basis points to 10.9%from 6.13% in FY25, reflecting improved operating efficiency and profitability.
GV Electricals IPO GMP today
GV Electricals IPO GMP today is +25. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the GV Electricals share was ₹155 apiece, which is 19.23% higher than the IPO price of ₹130.
Considering the grey market activity from the past five sessions, the IPO’s Grey Market Premium (GMP) is showing an upward trend today, signalling positive expectations for a robust listing. Throughout this timeframe, the GMP fluctuated between ₹18 and ₹25, as noted by analysts.
GV Electricals IPO subscription status
GV Electricals IPO subscription status was 21% on day 1. The retail portion is subscribed 36%, and NII portion has been booked 16%, QIBs portion is yet to receive bids.
The company has received bids for 4,42,000 shares against 20,82,000 shares on offer at 11:18 IST, according to chittorgarh.com
GV Electricals IPO details
The GV Electricals IPO aims to raise ₹42.25 crore at the upper end of the price band through the issuance of 32.5 lakh equity shares.
The public issue comprises a fresh issue of 30 lakh equity shares worth ₹39 crore and an offer for sale (OFS) of 2.5 lakh equity shares aggregating ₹3.25 crore. Under the OFS, promoters Jawed Akhtar and Sunil Lakshman Vatsa will each offload 1.25 lakh shares.
The company plans to utilise ₹6 crore from the net proceeds of the fresh issue towards the repayment of borrowings, while ₹22 crore will be allocated to working capital requirements. The remaining funds will be used for general corporate purposes. Proceeds from the OFS will accrue directly to the selling shareholders.
Seren Capital is acting as the book-running lead manager to the GV Electricals IPO.
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