IPO Market — India IPO tracker

G.V.Electricals IPO

LISTEDSMESME IPO Dashboard →NEUTRAL

Listing Performance

21.54%

Issue Price

₹130

Listing Price

₹158

Listed On

12 Aug 2026

Price Band
₹123 – ₹130
Lot Size
1000
Lot Value
₹1,30,000
Open Date
31 Jul 2026
Close Date
07 Aug 2026
Min Investment
₹1,30,000
Check G.V.Electricals live price on NSE / BSE →

About G.V.Electricals

Provides operation and maintenance and allied support services to electricity distribution utilities in India.

CustomersB2B
CIN: U43210MH1985PLC035529Registered Office: Unit no 324, 3rd floor, Plot no 416, Hammersmith Industrial Premises Co-op Society Ltd, Narayan Pathare Marg, Off. Sitladevi Temple Road, Mahim, Mumbai, Maharashtra, India, 400016Face Value: ₹10www.gvelectricals.com

Use of IPO Proceeds

Repayment of a portion of certain borrowings availed by our Companyrepayment₹6.00 Cr(17.9%)
Funding of Working Capital Requirementsworking capitalby September 30, 2027₹22.00 Cr(65.7%)
General Corporate Purposegeneral corporate₹5.49 Cr(16.4%)

Total allocation: ₹33.49 Cr (excludes issue expenses)

Promoters

Jawed Akhtar

Chairman and Whole Time Director · age 56

30 years

Bachelor of Science in Engineering

Pre-issue: 41.51% · Post-issue: 29.36%

Sunil Lakshman Vatsa

Managing Director · age 52

30 Years

Bachelor of Engineering

Pre-issue: 41.51% · Post-issue: 29.36%

Furquan Akhtar

Chief Executive Officer · age 22

1 year

B.com (Hons.)

Pre-issue: 1.94% · Post-issue: 1.43%

Investment Analysis

Quick Analysis: 3 strengths · 6 risk factors· Exchange: BSE SME

Strengths (3)

  • Significant revenue concentration from top 10 customers with 94.76% of FY26 revenue
  • Diversified service offerings across O&M, infrastructure works, and metering services
  • Established relationships with electricity distribution utilities across multiple regions

Risk Factors (6)

  • Revenue concentration risk from power distribution utilities; reduction in business or failure to secure new contracts adversely impacts operations.
  • First IPO with no formal market history; offer price may not reflect post-listing market price; no assurance of active trading.
  • No standard methodologies in industry; reliance on commissioned industry report with unverified assumptions may lead to incorrect investment decisions.
  • Peer group information derived from public sources without independent verification; accuracy and reliability not guaranteed.
  • Industry data based on estimates and projections subject to change; risks from economic circumstances differing from projections.
  • Infomerics report not a buy recommendation; selective review may lead to inaccurate assessments; no legally binding obligations.

📊 Algorithmic Score

Computed from issue structure — GMP, fresh issue %, OFS %, issue size

Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.

✍️ Demand & Risk Analysis

Based on market demand signals — subscription, GMP trend, risk factors

IPO Market Analysis

Listed +21.5%

Grey market premium is positive at +20%, but subscription data is not yet available so demand cannot be confirmed. A cautious, limited-data view — weigh the company fundamentals before applying.

Pre-listing prediction: NEUTRAL

Investor Quota

QIB 50%
NII / HNI 15%
Retail 35%

Approx. shares reserved per category

QIB (50%)16,25,000 shares
NII / HNI (15%)4,87,500 shares
Retail (35%)11,37,500 shares

Estimated from total issue size; actual reserved lots are set in the RHP.

Application Lot Sizes

Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.

CategoryLotsSharesAmount
Retail (min)11,0001,30,000
Retail (max)11,0001,30,000
S-HNI (min)22,0002,60,000
S-HNI (max)77,0009,10,000
B-HNI (min)88,00010,40,000

Subscription Status

Subscription data will appear once bidding begins.

Allotment Statistics

Basis of Allotment

Category-wise subscription & allotment ratio

View →

Weigh your chances

IPO Timeline

Issue Opens

31 Jul 2026 · Fri

Issue Closes

07 Aug 2026 · Fri

Bidding Cut-off (UPI Mandate)

07 Aug 2026 · 5:00 PM IST

Allotment

05 Aug 2026 · Wed

Listing

12 Aug 2026 · Wed

IPO Details

RegistrarMudra RTA Ventures Private Limited
ExchangeBSE SME
ISIN
Face Value
Issue Size₹42.25 Cr
Fresh Issue₹39.00 Cr
OFS Size₹3.25 Cr
Lead ManagersSeren Capital Private Limited

3-Year Financial Summary

Revenue trend

FY23FY26

Fiscal YearRevenue (₹Cr)PAT (₹Cr)EPSP/EROE
FY26156.4110.4712.6410.2831.09%
FY25131.244.665.6323.0920.09%
FY24111.82.83.3938.4016.44%
FY23111.82.8

Detailed Line Items (₹ Cr)

Line ItemFY23FY24FY25FY26
Total Income112.03131.36156.66
EBITDA6.146.148.0417.05
Net Worth17.0517.0523.233.67
Total Borrowings4.954.957.8416.47
Cash Flow — Operating0.391.08-3.31
Cash Flow — Investing-1.2-2.06-5.43
Cash Flow — Financing-0.063.727.32

From the company's offer document (DRHP/RHP); restated figures where available.

Valuation at Issue Price

Issue P/E

10.3x

Price ÷ EPS

EPS (FY26)

₹13

Earnings per share

RoNW

31.09%

Return on net worth

ROCE

34.01%

as reported in filing

EBITDA margin

10.9%

EBITDA ÷ revenue

Price/NAV

4.36x

Price ÷ NAV (as reported)

Check the valuation yourself

Company Fundamentals

13 sections extracted from this filing

Capital Structure

Authorised Capital
Issued Capital
Paid-up Capital
Equity Shares (Pre-Issue)82,79,190
Equity Shares (Post-Issue)1,12,79,190

Source: G.V.Electricals offer document (DRHP/RHP).

Shareholding Pattern

Pre-Issue

  • Jawed Akhtar(Promoter)+41.51%
  • Sunil Lakshman Vatsa(Promoter)+41.51%
  • Convivial Advisors LLP(Promoter Group)+4.35%
  • Bindu Sunil Vatsa(Promoter Group)+3.40%
  • Rutvik Sunil Vatsa(Promoter Group)+2.91%
  • Nahid Naazli(Promoter Group)+2.43%
  • Furquan Akhtar(Promoter Group)+1.94%
  • Areeba Akhtar(Promoter Group)+1.94%
Total+99.99%

Post-Issue

Post-Issue not disclosed in this filing.Not separately disclosed in G.V.Electricals's filing.

Source: G.V.Electricals offer document (DRHP/RHP).

Reservations & OFS

Investor Reservation

  • QIB+50.00%
  • NII / HNI+15.00%
  • Retail+35.00%

OFS Selling Shareholders

  • Jawed Akhtar₹3.25 Cr
  • Sunil Lakshman Vatsa1,25,000 sh

Source: G.V.Electricals offer document (DRHP/RHP).

Board & Management

Board of Directors (2)
  • Jawed Akhtar₹0.18 Cr p.a.

    Chairman & Whole-Time Director

    Bachelor of Science in Engineering

    30 years overall experience; Senior Manager at Bemco Batalco, Kingdom of Bahrain

  • Sunil Lakshman Vatsa₹0.18 Cr p.a.

    Managing Director

    Bachelor of Engineering

    30 years overall experience; joined in 1996

Key Managerial Personnel (3)
  • Furquan Akhtar

    CEO

    B.com (Hons.)

    Approximately 1 year; associated with company since May 2025

  • Dharmendra Shahi₹0.05 Cr p.a.

    CFO

    PG Diploma in Business Administration with Computer Applications

    22 years overall; associated with company since 2004

  • Aarti Garg

    Company Secretary and Compliance Officer

    B. Com (Hons.), Company Secretary, L.L.B

    13 years overall; associated with company since May 2025

Source: G.V.Electricals offer document (DRHP/RHP).

Industry & Market

Market Size (TAM)
₹6072.00 Cr
Growth (CAGR)
+20.83%
Key Competitors
Rajesh Power Services LimitedParth Electricals & Engineering Private Limited

Per Infomerics Analytics and Research Private Limited, a report commissioned by the company (not independent).

Peer Comparison

CompanyP/EEPSRoNW %NAV
G V Electricals Ltd10.2812.6431.0940.66
Rajesh Power Services Limited10.6979.5235.26225.56
Parth Electricals & Engineering Limited39.211.3512.7881.54

Registrar (RTA)

SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.

Registrar:Mudra RTA Ventures Private Limited

Lead Managers (BRLMs)

Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).

Documents

Frequently Asked Questions

When is the G.V.Electricals IPO opening?

The G.V.Electricals IPO opens on 31 Jul 2026 and closes on 07 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.

What is the price band of the G.V.Electricals IPO?

The price band for the G.V.Electricals IPO is ₹123 to ₹130. The final price is announced after the book-building process and is confirmed before listing.

What is the lot size and minimum investment for the G.V.Electricals IPO?

The minimum lot size is 1000 shares with a minimum investment of ₹1,30,000. Retail investors can apply for up to the retail limit defined by SEBI.

What is the GMP of G.V.Electricals IPO today?

The latest Grey Market Premium for G.V.Electricals is ₹26 (+20.00%). GMP is unofficial data and is not a guarantee of listing price.

When will the G.V.Electricals IPO list on NSE and BSE?

The G.V.Electricals IPO is expected to list on 12 Aug 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.

How can I check the G.V.Electricals IPO allotment status?

The registrar for this IPO is Mudra RTA Ventures Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.

Is the G.V.Electricals IPO a mainboard or SME issue?

G.V.Electricals is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.

How do I apply for the G.V.Electricals IPO?

You can apply for the G.V.Electricals IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.

What is the expected listing price of G.V.Electricals IPO?

Based on the current GMP of ₹26, the expected listing price of G.V.Electricals is ₹156 (issue price ₹130 + GMP ₹26). Note that GMP is unofficial grey market data and actual listing price may differ.

Should I subscribe to G.V.Electricals IPO?

Based on our algorithmic analysis, G.V.Electricals IPO is rated NEUTRAL with medium confidence. Grey market premium is positive at +20%, but subscription data is not yet available so demand cannot be confirmed. A cautious, limited-data view — weigh the company fundamentals before applying. This is not investment advice — please read the DRHP and consult a financial advisor before investing.

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Financial Disclaimer: The information on this page is for educational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Grey Market Premium (GMP) figures are unofficial and not endorsed by SEBI, NSE, or BSE. Past performance is not indicative of future returns. Please read the RHP and consult a SEBI-registered advisor before investing.