GMP IPO Watch
G V Electricals IPO 2026: Utility Maintenance Business, ₹42.25 Crore Issue, Subscription Update and Investment Review
G V Electricals IPO closes on August 4, 2026. Explore its ₹42.25 crore BSE SME issue, ₹123...
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G
SME IPO
LISTED
NSE, BSE
GVELECTRIC
G V Electricals IPO
G V Electricals IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹26
+20.0%
Est. Listing: ₹156.00
Price Band
₹123 - ₹130
Per equity share
Lot Size
1000 Shares
Min Invest: ₹2,60,000
Issue Size
₹42.25 Cr
Total Public Offering
Issue Dates
30 July 2026 – 3 August 2026
Bidding period
Subscription
149.31x
Total overall demand
G V Electricals IPO Details
Key facts at a glance| IPO Open Date | 30 July 2026 | IPO Close Date | 3 August 2026 |
|---|---|---|---|
| Basis of Allotment | 4 August 2026 | Listing Date | 6 August 2026 |
| Price Band | ₹123 - ₹130 per share | Face Value | ₹10 per share |
| Market Lot Size | 1000 Shares | Min Investment (Retail) | ₹2,60,000 |
| Total Issue Size | ₹42.25 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
G V Electricals IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 30 July 2026 | Confirmed |
| IPO Close Date | 3 August 2026 | Confirmed |
| Basis of Allotment | 4 August 2026 | Tentative |
| Initiation of Refunds | 6 August 2026 | Tentative |
| Credit of Shares to Demat | 6 August 2026 | Tentative |
| IPO Listing Date | 6 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 4 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
G V Electricals IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,000 Shares | ₹2,60,000 |
| Retail (Max) | 2 Lots | 2,000 Shares | ₹2,60,000 |
| S-HNI (Min) | 3 Lots | 3,000 Shares | ₹3,90,000 |
| S-HNI (Max) | 7 Lots | 7,000 Shares | ₹9,10,000 |
| B-HNI (Min) | 8 Lots | 8,000 Shares | ₹10,40,000 |
G V Electricals IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹26 +20.0%
Estimated Listing Price
₹156.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 7 Aug 2026 | ₹26 | ₹156.00 | +20.00% |
| 6 Aug 2026 | ₹26 | ₹156.00 | +20.00% |
| 4 Aug 2026 | ₹26 | ₹156.00 | +20.00% |
| 3 Aug 2026 | ₹26 | ₹156.00 | +20.00% |
| 31 Jul 2026 | ₹25 | ₹155.00 | +19.23% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
G V Electricals IPO Subscription Status
Demand breakdown by investor category
Retail
168.69x
QIB
91.55x
NII / HNI
—
Total
149.31x
About G V Electricals
G V Electricals is a power distribution infrastructure services provider, primarily engaged in offering operation and maintenance (O&M) and allied support services to electricity distribution utilities in India. The company’s operations are organised into three main verticals: Network Operation and Maintenance (O&M) Services, Electrical Infrastructure and Network Development Works, and Metering and Meter Management Services. Its core business involves the operational support and maintenance of electrical distribution networks across various voltage levels, including 33/11 kV substations. This O&M services segment constitutes the largest portion of its revenue. The company also undertakes electrical and civil infrastructure works, such as pole erection, cable laying, and construction of supporting structures. Additionally, it provides metering-related field services, including the installation, replacement, and testing of energy meters. Contracts are typically awarded through competitive tendering processes by utility companies.
Key Strengths
- A significant portion of revenue is generated from operation and maintenance (O&M) services.
- The existing order book provides visibility for future revenues.
- A majority of the company’s revenue comes from repeat customers.
- The company is led by an experienced management team and has a large workforce.
- It holds multiple ISO certifications for quality, environmental, and safety management
Key Risks
- A major portion of revenue is derived from a limited number of power distribution utilities.
- The business is substantially dependent on revenue from network operation and maintenance (O&M) services.
- The business relies on securing contracts through competitive tendering processes.
- A significant portion of revenue is derived from repeat customers, and any reduction in orders may have an adverse effect.
- Operations are dependent on the procurement of materials and equipment from third-party suppliers.
G V Electricals IPO Reservation & Share Quotas
G.V. Electricals Limited has allocated shares among different categories of investors in accordance with the SEBI regulations governing book-built IPOs. The reservation structure is designed to provide participation opportunities for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors.
The allocation below shows the number of equity shares reserved for each investor category and their respective percentage of the total issue. This distribution helps investors understand how the IPO is structured across various classes of applicants.
| Investor Category | Shares Offered | Percentage of Issue |
|---|---|---|
| Anchor Investor | 8,88,000 Shares | 27.32% |
| Qualified Institutional Buyers (QIB) (Excluding Anchor) | 5,92,000 Shares | 18.22% |
| Non-Institutional Investors (NII) | 4,50,000 Shares | 13.85% |
| Retail Individual Investors (RII) | 10,40,000 Shares | 32.00% |
Note: The final allocation of shares may vary depending on the subscription received in each investor category and will be carried out in accordance with SEBI regulations and the Basis of Allotment finalized after the IPO closes.
G V Electricals IPO Anchor Investors
Before the public subscription opens, G.V. Electricals Limited may allocate a portion of its IPO to eligible Anchor Investors. These institutional investors participate in the IPO one working day before the issue opens and often provide confidence in the offering by committing capital ahead of the public issue.
The details below include the anchor bidding date, the number of shares reserved for Anchor Investors, the anchor issue size, and the applicable lock-in periods prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 30, 2026 |
| Anchor Investors List | |
| Shares Offered | 8,88,000 Shares |
| Anchor Issue Size | [.] Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The Anchor Investors list and anchor issue size will be updated after the completion of the anchor allocation process. The lock-in period for anchor investors is governed by SEBI regulations, with 50% of allotted shares locked for 30 days and the remaining 50% locked for 90 days from the date of allotment.
G V Electricals IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 31 Jul 2026 |
| IPO Close Date | 04 Aug 2026 |
| Basis of Allotment | 05 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 07 Aug 2026 |
Note: The timeline for G V Electricals IPO is tentative and subject to change.
G V Electricals Promoters and Shareholding Pattern
The promoters of G.V. Electricals Limited play a key role in driving the company's long-term strategy, operational growth, and corporate governance. Their continued shareholding after the IPO reflects their ongoing commitment to the company's future development and business expansion.
Following the public issue, the promoters' shareholding will reduce due to the issuance of new equity shares, while they will continue to retain a significant ownership stake in the company.
Promoters of G.V. Electricals Limited
- Jawed Akhtar
- Sunil Lakshman Vatsa
- Furquan Akhtar
| Particular | Shares | Holding (%) |
|---|---|---|
| Promoter Holding (Pre-Issue) | 82,79,190 | 95.65% |
| Promoter Holding (Post-Issue) | 1,12,79,190 | 67.99% |
Note: The post-issue promoter shareholding is subject to the successful completion of the IPO and allotment of equity shares. The reduction in promoter ownership is primarily due to equity dilution resulting from the fresh issue, while the promoters continue to maintain a controlling stake in the company.
G V Electricals Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
G V Electricals About the IPO
G V Electricals Ltd. (formerly G V Electricals Pvt. Ltd.) is one of India’s leading electrical contracting and power infrastructure companies. Further, with nearly 40 years of experience, they have completed large and complex electrical projects across India and selected international markets.
They also specialise in Low Tension (LT) and High Tension (HT) electrical installations up to 400 kV. Their services include engineering, design, procurement, installation, testing, commissioning, and electrical consultancy, providing complete turnkey solutions.
They work with a wide range of clients, including industrial plants, power utilities, government departments, commercial buildings, data centers, shopping malls, and major infrastructure projects.
Moreover, the company also has a vision to be a trusted leader in the electrical industry by delivering innovative and sustainable
solutions that help clients, communities, and stakeholders grow and succeed.
G V Electricals Company Financial Report
To Be Updated Soon
G V Electricals Company Valuation & Key Performance Indicators
To Be Updated Soon
G V Electricals Peer Group Comparison
To Be Updated Soon
G V Electricals Lead Managers & Merchant Bankers
- Seren Capital Pvt. Ltd.
G V Electricals IPO FAQs
G V Electricals IPO opens for subscription on 30 July 2026 and closes on 3 August 2026.
The price band for G V Electricals IPO is set at ₹123.00 to ₹130.00 per share.
The minimum market lot size is 1000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,000 Shares (₹2,60,000).
The latest Grey Market Premium (GMP) for G V Electricals IPO is ₹26. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for G V Electricals IPO is tentatively scheduled for 4 August 2026, and shares are expected to list on the stock exchanges on 6 August 2026.
The registrar details will be confirmed in the official prospectus.
G V Electricals IPO Analysis & Articles
