G V Electricals Limited
Bookbuilding IPO · BSE
- Price band
- ₹123 - ₹130
- Lot size
- 1,000 shares
- Issue amount
- ₹42.25 cr
- Total subscription
- 169.39×
- Opens
- 31 Jul 2026
- Closes
- 7 Aug 2026
- Allotment
- 10 Aug 2026
- Listing
- 12 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 32,50,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,23,000
- Fresh issue
- ₹39 cr
- Offer for sale
- ₹3.25 cr
- Registrar
- Mudra RTA Ventures Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,30,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 82,79,190
- Shares after issue
- 1,12,79,190
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,60,000 |
| sHNI | 3 | 3,000 | ₹3,90,000 |
| bHNI | 8 | 8,000 | ₹10,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 7 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 60 |
| NIB | 0 | 20,181 |
| RETAIL | 520 | 87,719 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 100 | 11,327 |
| HNIs (2-10L) | 50 | 8,855 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.7 | 704.57 |
| FIIs | 0 | 95.67 |
| Others | 0 | 554.79 |
| RETAIL | 13.52 | 2,280.69 |
| NIB | 5.85 | 1,599.47 |
| HNIs 2+ | 1.95 | 365.99 |
| HNIs 10+ | 3.9 | 1,233.58 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 12.64 | 5.77 | 3.47 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 31.09 | 20.09 | 16.44 |
| PRE IPO(PE) | 10.28 | 0 | 0 |
| POST IPO(PE) | 14.01 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| G V Electricals Limited | 10.28 | 130.0 | 10 | 40.66 | 31.09 | 12.64 |
| Rajesh Power Services Limited | 10.69 | 850.45 | 10 | 225.56 | 35.26 | 79.52 |
| Parth Electricals & Engineering Limited | 39.2 | 444.95 | 10 | 81.54 | 12.78 | 11.35 |
Company information
Company profile
G.V. Electricals Limited, incorporated in 1985, is a power distribution infrastructure company providing operation, maintenance, and support services for electricity distribution utilities across India. The company offers a wide range of services, including operation and maintenance of substations, maintenance of power distribution networks, electrical infrastructure development, metering solutions, fault rectification, and technical manpower support. Backed by decades of industry experience and internationally recognized quality, environmental, and safety certifications, G.V. Electricals serves power utilities through multiple ongoing projects across the country. With a strong order book and experienced workforce, the company continues to support the development and efficient operation of India's power distribution infrastructure.
Strengths
- Strong Presence in Electrical Infrastructure: The company provides a wide range of electrical infrastructure services, with Network Operation & Maintenance (O&M) being its largest revenue contributor.
- Healthy Order Book: A strong order book provides good revenue visibility and supports steady business growth through ongoing and upcoming projects.
- Recurring Customer Base: A significant portion of revenue comes from existing customers, reflecting long-term relationships, consistent service quality, and strong customer retention.
Risk factors
- Dependence on Power Distribution Utilities: A major portion of the company's revenue comes from power distribution utilities. Any reduction in orders or loss of key contracts could impact business performance.
- High Reliance on O&M Services: The company earns a significant share of its revenue from Network Operation & Maintenance (O&M) services. Any slowdown in this segment could affect revenue and profitability.
- Tender-Based Business Risk: The company depends on winning competitive tenders for new projects. Failure to secure new contracts may impact future growth and order inflows.
Promoters
Jawed Akhtar
Sunil Lakshman Vatsa
Furquan Akhtar
Registrar & documents
Lead manager
Seren Capital Private Limited
Registrar & contacts
Mudra RTA Ventures Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit no 324, 3rd floor, Plot no 416, Hammersmith Industrial Premises Co-op Society Ltd, Off. Sitladevi Temple Road, Mahim, Mumbai, Maharashtra, 400016
011-43083804
[email protected]Company website ↗Understanding GVELECTRIC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.