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
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About G.V.Electricals

Provides operation and maintenance (O&M) services and electrical infrastructure works primarily 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(21.4%)
Funding of Working Capital Requirementsworking capitalby September 30, 2027₹22.00 Cr(78.6%)
General Corporate Purposegeneral corporate(0.0%)

Total allocation: ₹28.00 Cr (excludes issue expenses)

Promoters

Jawed Akhtar

Chairman and Whole Time Director · age 56

30 years of experience in the business.

Bachelor of Science in Engineering

Pre-issue: 41.51%

Sunil Lakshman Vatsa

Managing Director · age 52

30 years of experience in the business.

Bachelor of Engineering

Pre-issue: 41.51%

Furquan Akhtar

Chief Executive Officer · age 22

1 year of experience in the business.

B.com (Hons.)

Pre-issue: 1.94%

Investment Analysis

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

Strengths (6)

  • Presence across electrical infrastructure with majority revenue from operations and maintenance services
  • Order book providing revenue visibility with 34 ongoing projects valued at ₹553.70 crores
  • Majority of revenue from repetitive customers ensuring stable and recurring business
  • Experienced management team with over 30 years of experience in leadership roles
  • ISO certifications for quality, environmental, health, safety and social accountability management systems
  • Strong financial performance with growing EBITDA margins and return on equity

Risk Factors (6)

  • First public offer with no formal market history; offer price may not be indicative of post-listing trading price
  • Reliance on commissioned industry report with assumptions that may change; methodology varies among sources
  • High degree of financial risk in equity investment; actual results may differ materially from forward-looking statements
  • Industry and market data from Infomerics Report not independently verified; data may be estimates or projections
  • No assurance of active or sustained trading in equity shares after listing on BSE SME platform
  • Risk factors may not be exhaustive; additional unknown risks could adversely affect business and share value

📊 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 →

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
OFS Size
Lead ManagersSeren Capital Private Limited

3-Year Financial Summary

Revenue trend

FY23FY25

Fiscal YearRevenue (₹Cr)PAT (₹Cr)EPSP/EROE
FY25156.4110.4712.6431.09%
FY24131.244.66
FY23111.82.8

Detailed Line Items (₹ Cr)

Line ItemFY23FY24FY25
EBITDA6.148.0417.05
Net Worth17.0523.233.67
Total Borrowings4.957.8416.47

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

Valuation at Issue Price

Issue P/E

10.3x

Price ÷ EPS

EPS (FY25)

₹13

Earnings per share

RoNW

31.09%

Return on net worth

ROCE

31.13%

as reported in filing

EBITDA margin

10.9%

EBITDA ÷ revenue

Price/NAV

3.20x

Price ÷ NAV (as reported)

Company Fundamentals

10 sections extracted from this filing

Capital Structure

Authorised Capital
Issued Capital
Paid-up Capital₹0.83 Cr
Equity Shares (Pre-Issue)82,79,190
Equity Shares (Post-Issue)

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

Shareholding Pattern

Pre-Issue

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

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

Board & Management

Board of Directors (5)
  • 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

  • Rakesh Kumar Yadav

    Non-Executive Director

  • Manoj Kumar

    Independent Director

  • Deepshikha Yadav

    Independent Director

Key Managerial Personnel (3)
  • Furquan Akhtar

    CEO

    Bachelor of Commerce (Honours)

    Approximately 1 year; responsible for leading overall business operations, strategic planning, growth initiatives

  • Dharmendra Shahi₹0.05 Cr p.a.

    CFO

    Bachelor of Commerce (Honours); Post Graduate Diploma in Business Administration with Computer Applications

    22 years overall experience; with company since 2004, initially as Accounts Payable & Receivable Clerk, promoted to Accounts Executive, then Senior Accountant

  • Aarti Garg

    Company Secretary and Compliance Officer

    Bachelor of Commerce (Honours); Company Secretary; LL.B

    13 years overall experience; previously worked at NV Distilleries & Breweries Private Limited, Whiz Professionals LLP, Trustline Securities Limited, Victora Tool Engineers Private Limited

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

Industry & Market

Market Size (TAM)
₹604.56 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 Ltd12.6431.0940.66
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.