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G.V. Electricals IPO
Price Band
₹123.0–130.0
Issue Size
₹42.25 Cr
Lot Size
1,000 shares
Min Investment
₹260,000
2 LOTS MIN
GMP
+₹25.0 (19.23%)
Issue Price
₹130.0
Subject to Sauda
₹19000
Paid only if allotted
G.V. Electricals IPO AI Summary
- G.V. Electricals IPO is listed on BSE SME in the Other Electrical Equipment sector.
- Price band: ₹123.0–₹130.0 per share, lot size 1,000 shares (min. investment ₹260,000, 2 lots minimum).
- Subscription window: 31 Jul–04 Aug 2026, listing on 12 Aug 2026.
- Current GMP is +₹25.0 (19.23%), an estimated listing price of ₹155 — unofficial and can change daily.
G.V. Electricals Limited is a well-established player in the electrical services sector, with a strong focus on operation and maintenance services for electricity distribution utilities. The company is seeking to raise ₹42.25 crores through its IPO, with a solid order book and a track record of revenue and profit growth.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
169.26x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
91.55x
|
92x ✓ |
| NII (HNI) |
272.79x
|
273x 🔥 |
| ↳ bNII (>₹10L) |
315.34x
|
315x 🔥 |
| ↳ sNII (<₹10L) |
187.69x
|
188x 🔥 |
| Retail (RII) |
168.69x
|
169x 🔥 |
| Total | 169.26x | 169.26x |
Auto-updated every 5 min · As of 7th Aug 2026 18:57
G.V. Electricals IPO Grey Market Premium (GMP) Today
GMP
+₹25.0
GMP %
+19.23%
Est. Listing
₹155.0
Updated: 12 Aug 2026 10:45
GMP Trend (Last 16 Days)
About the Company
Incorporated in February 1985, G.V. Electricals Limited offers operation, maintenance, and support services mainly to India's electricity distribution utilities. The company offers services like operation, maintenance, and field execution of electricity distribution networks and infrastructure, including lines, feeders, substations, poles, and cables used to supply electricity to consumers. The company operates in three business verticals:- Network Operation and Maintenance (“O&M”) Services, Electrical Infrastructure and Network Development Works, and Metering and Meter Management Services. The company supports maintenance and operations of electrical distribution systems at various voltage levels, including 33 kV, 11 kV, and LT networks. It provides O&M for 33/11 kV substations and deploys technical staff for field tasks like line maintenance, network inspection, and fault rectification. The company has ISO 9001:2015, 14001:2015, 45001:2018, and SA 8000:2014 certifications for its management systems covering quality, environmental, occupational health and safety, and social accountability. As of February 28, 2026, the Company’s order book includes 34 ongoing projects valued at about ₹ 594.67 crores. As of February 28, 2026, the Company had 4,770 employees, including 4,629 permanent staff and 141 contract workers across offices and projects. Competitive Strength Presence Across Electrical Infrastructure Activities with Major Revenue from O&M Services Order Book Providing Revenue Visibility Majority of Revenue from Repetitive Customers Experienced Management Team and Manpower Strength
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 78.40 | 51.43 | 42.06 |
| Total Income | 156.66 | 131.36 | 112.03 |
| Profit After Tax | 10.47 | 4.66 | 2.80 |
| EBITDA | 17.05 | 8.04 | 6.14 |
| NET Worth | 33.67 | 23.20 | 17.05 |
| Reserves and Surplus | 25.39 | 23.16 | 17.01 |
| Total Borrowing | 16.47 | 7.84 | 4.95 |
Key Ratios
EPS
₹12.64
NAV
₹40.66
ROE
36.81%
ROCE
31.13%
RoNW
31.09%
P/B Value
3.20
P/E Ratio
10.28
Market Cap
₹146.63 Cr
PAT Margin
6.69%
Debt/Equity
0.49
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Parth Electricals & Engineering Limited | 81.54 | 12.78% | 39.2 | 11.35 | 11.35 |
| Rajesh Power Services Ltd | 225.56 | 35.26% | 10.69 | 79.52 | 79.52 |
| G V ELECTRICALS Limited This IPO | 40.66 | 31.09% | — | 12.64 | 12.64 |
Promoters
Jawed Akhtar, Sunil Lakshman Vatsa, Furquan Akhtar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment of a portion of certain borrowings availed by the Company 6.00 2 Funding of Working Capital Requirements 22.00 3 General Corporate Purpose Total 28.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹112.03 Cr in the period ending 31 Mar 2024, increasing to ₹131.36 Cr by 31 Mar 2025, and further rising to ₹156.66 Cr by 31 Mar 2026. This indicates a consistent upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹2.80 Cr for the period ending 31 Mar 2024, which grew to ₹4.66 Cr by 31 Mar 2025, and further increased to ₹10.47 Cr by 31 Mar 2026. This shows a significant growth in profitability across the periods.
Valuation
At an issue price of ₹130.0, G.V. Electricals has an implied P/E ratio of 10.28 based on its EPS of ₹12.64. This is compared to its peers, which have P/E ratios ranging from 10.69 to 39.2.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the stock market compared to its issue price. A positive GMP suggests that the shares may list at a higher price than the issue price, while a negative GMP indicates the opposite. GMP is not a guarantee of performance but reflects market sentiment.
Subscription Demand
As of 7th August 2026, the IPO was oversubscribed 169.26 times overall. The institutional category saw significant interest, with QIBs subscribing 91.55 times and NIIs subscribing 272.79 times. Retail investors also showed strong demand, with a subscription rate of 168.69 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and volatility.
IPO Timeline, Explained
The IPO opened on July 31, 2026, and closed on August 4, 2026. Allotment of shares is expected to be completed by August 10, 2026, with the listing date set for August 12, 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price on their first day of trading, others may not perform as well. Investors should be prepared for the possibility of price volatility on listing day.
This evaluation is generated from G.V. Electricals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is G.V. Electricals IPO GMP today?
G.V. Electricals IPO GMP today is +₹25.0 (19.23%), indicating an estimated listing price of ₹155. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of G.V. Electricals IPO?
The price band of G.V. Electricals IPO is ₹123.0–₹130.0 per share.
When does G.V. Electricals IPO open and close?
G.V. Electricals IPO opens on 31 July 2026 and closes on 04 August 2026.
When does G.V. Electricals IPO list on the stock exchange?
G.V. Electricals IPO listed on 12 August 2026 at ₹155.0.
What is the lot size for G.V. Electricals IPO?
The lot size for G.V. Electricals IPO is 1000 shares, requiring a minimum investment of ₹260,000 (2 lots).
What is the lot size for G.V. Electricals IPO?
The lot size for G.V. Electricals IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹260,000.
What is the price band for the IPO?
The price band for the IPO is ₹123.0 to ₹130.0.
When is the listing date for G.V. Electricals?
The listing date for G.V. Electricals is August 12, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
31 Jul 2026
Close
04 Aug 2026
Allotment
10 Aug 2026
Listing
12 Aug 2026
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