G.V. Electricals IPO: dates, price band, lot size and GMP
G.V. Electricals IPO listed on 12 Aug at ₹158 (BSE SME). Issue dates 31 Jul – 7 Aug 2026, price band ₹130, lot 1,000 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: G.V. Electricals listed on 12 Aug 2026 on BSE SME at ₹158, +₹28 (+21.5%) against the ₹130 upper band. G.V. Electricals IPO listing date, price and gain · Recently listed IPOs
Updated 30 Oct 2026, 09:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 222 IPOs on its calendar; the G.V. Electricals IPO has a price band of ₹130, a lot of 1,000 shares and no grey-market premium reported yet as of 30 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 31 Jul – 7 Aug 2026 |
| Price band | ₹130 |
| Lot size | 1,000 shares |
| Issue size | ₹42.25 Cr |
| Fresh issue | ₹35.36 Cr |
| Offer for sale | ₹3.25 Cr |
| Subscription | 169.26x |
| Registrar | Mudra RTA Ventures Private Limited |
| Lead managers | Seren Capital Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 31 Jul
- Issue closes: 7 Aug
- Allotment: 10 Aug
- Refunds: 11 Aug
- Demat credit: 11 Aug
- Listing: 12 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 91.55x |
| NII | 272.79x |
| sNII | 187.69x |
| bNII | 315.34x |
| Retail | 168.69x |
| Total | 169.26x |
Last updated 7 Aug 2026, 6:56 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹146.63 Cr |
| P/E (pre-issue) | 10.28x |
| P/E (post-issue) | 14.01x |
| Fresh issue (shares) | 27,20,000 |
| Offer for sale (shares) | 2,50,000 |
| Total shares offered | 29,70,000 |
| Promoter holding pre-issue | 95.65% |
| Promoter holding post-issue | 67.99% |
| Promoters | Jawed Akhtar, Sunil Lakshman Vatsa, Furquan Akhtar |
| Lead managers | Seren Capital Pvt.Ltd. |
| Registrar phone | 9870297591/9870297592 |
| Registrar email | ipo@mudrarta.com |
| Company website | gvelectricals.com |
| Anchor bid date | 30 Jul 2026 |
| Anchor lock-in ends (50%) | 13 Sep 2026 |
| Anchor lock-in ends (remaining) | 11 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,000 | ₹2,60,000 |
| Retail (maximum) | 2 | 2,000 | ₹2,60,000 |
| sNII (minimum) | 3 | 3,000 | ₹2,60,000 |
| bNII (minimum) | 3 | 3,000 | ₹10,40,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.9% | 8,88,000 | |
| QIB | 19.9% | 5,92,000 | Not more than 50% of the Net Offer |
| NII (HNI) | 15.2% | 4,50,000 | Not less than than 15% of the Net Offer |
| sNII | 5.1% | 1,50,000 | |
| bNII | 10.1% | 3,00,000 | |
| Retail | 35% | 10,40,000 | Not less than 35% of the Net Offer |
| Market Maker | 9.4% | 2,80,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 31 Jul | 3.52x | 2.18x | 1.35x | 2.60x | 1.65x | 2.30x |
| Day 2 · 3 Aug | 3.52x | 29.99x | 27.55x | 31.21x | 29.33x | 22.13x |
| Day 3 · 4 Aug | 66.42x | 243.24x | 159.99x | 284.86x | 150.75x | 146.76x |
| Day 4 · 5 Aug | 66.42x | 243.24x | 159.99x | 284.86x | 150.75x | 146.76x |
| Day 5 · 6 Aug | 66.42x | 243.24x | 159.99x | 284.86x | 150.75x | 146.76x |
| Day 6 · 7 Aug | 91.55x | 272.79x | 187.69x | 315.34x | 168.69x | 169.26x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹12.64 |
|---|---|
| EPS (post-issue) | ₹9.28 |
| P/E (pre-issue) | 10.28x |
| P/E (post-issue) | 14.01x |
| RoNW | 31.09% |
| RoCE | 31.13% |
| RoE | 36.81% |
| PAT margin | 6.69% |
| EBITDA margin | 10.9% |
| Price / book | 3.2x |
| NAV per share | ₹40.66 |
| Debt / equity | 0.49 |
| Market cap (upper band) | ₹146.63 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 78.4 | 51.43 | 42.06 | +52.4% |
| Total Income | 156.66 | 131.36 | 112.03 | +19.3% |
| Profit After Tax | 10.47 | 4.66 | 2.8 | +124.7% |
| EBITDA | 17.05 | 8.04 | 6.14 | +112.1% |
| NET Worth | 33.67 | 23.2 | 17.05 | +45.1% |
| Reserves and Surplus | 25.39 | 23.16 | 17.01 | +9.6% |
| Total Borrowing | 16.47 | 7.84 | 4.95 | +110.1% |
About G.V. Electricals
G.V. Electricals Limited is engaged in providing operation, maintenance, and allied support services to electricity distribution utilities across India. The company plays a key role in ensuring the efficient functioning of power distribution infrastructure and networks. Its services cover the operation, upkeep, and execution of electrical distribution assets, including substations, feeders, transmission lines, poles, cables, and other infrastructure required for delivering electricity to end consumers.
The company operates through the following business segments: Network Operation and Maintenance (O&M) Services Electrical Infrastructure Development and Network Expansion Projects Meter Installation, Operation, and Management Services G.V. Electricals supports the maintenance and operation of power distribution systems across multiple voltage categories, including 33 kV, 11 kV, and low-tension (LT) networks. Its services include managing 33/11 kV substations, conducting preventive maintenance, fault rectification, network inspections, and deploying skilled technical personnel for field operations.
The company has implemented internationally recognized management systems and holds certifications such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and SA 8000:2014, reflecting its commitment to quality management, environmental sustainability, workplace safety, and social responsibility. As of February 28, 2026, G.V. Electricals had an order book comprising 34 active projects with a total value of approximately ₹594.67 crore, providing strong visibility for future revenue generation. As of February 28, 2026, the company employed 4,770 personnel, including 4,629 permanent employees and 141 contractual staff deployed across its offices and project locations.
Objects of the issue
- Repayment of a portion of certain borrowings availed by the Company — ₹6 Cr
- Funding of Working Capital Requirements — ₹22 Cr
- General Corporate Purpose
Net proceeds: ₹28 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| G V ELECTRICALS Limited (issuer) | 12.64 | 12.64 | 40.66 | — | 31.09% | — | — |
| Rajesh Power Services Ltd | 79.52 | 79.52 | 225.56 | 10.69x | 35.26% | 3.78 | — |
| Parth Electricals & Engineering Limited | 11.35 | 11.35 | 81.54 | 39.2x | 12.78% | 5.48 | — |
Note: Source - All the financial information for listed industry peer mentioned above is sourced from the Financial Results/ Red Herring Prospectus/ Prospectus/ of the aforesaid companies for the year ended March 31,2026 and stock exchange data dated July 20, 2026 to compute the corresponding financial ratios. For the Company, they have taken the current market price as the issue price of equity shares. Further, P/E Ratio is based on the current market price of the respective scrips.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the G.V. Electricals IPO open and close?
The issue is scheduled for 31 Jul – 7 Aug 2026.
What is the G.V. Electricals IPO price band?
The price band is ₹130 per share with a lot size of 1,000 shares.
How big is the G.V. Electricals IPO?
The total issue size is ₹42.25 Cr, of which ₹35.36 Cr is a fresh issue and ₹3.25 Cr an offer for sale.
When will G.V. Electricals list?
The tentative listing date is 12 Aug on the SME platform.
How do I apply for the G.V. Electricals IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), G.V. Electricals · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), G.V. Electricals · as filed · bseindia.com
- BSE SME issues page · listing 12 Aug · bsesme.com
- G.V. Electricals company website · gvelectricals.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 12 Aug, 04:02 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “G.V. Electricals IPO”, https://buyunlistedshares.com/ipo/gv-electricals-ipo, as of 30 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 30 Oct 2026.
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- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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