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Latest GMP
- Lead Manager
- Seren Capital Private Limited
- IPO Registrar
- Mudra RTA Ventures Private Limited
- IPO Open Date
- 31st Jul 2026
- IPO Close Date
- 4th Aug 2026
- Allotment date
- 5th Aug 2026
- Listing date
- 7th Aug 2026
- Issue Size
- ₹ 42 Cr.
- Issue Price Band
- ₹ 123 to 130
- Lot Size
- 1000 Share
- Minimum Investment
- ₹ 260000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About G V Electricals Ltd
Incorporated in 1985, G.V. Electricals Limited is a power distribution infrastructure service provider that offers operation, maintenance, and support services primarily to India’s electricity distribution utilities.
Business Verticals
The company operates across three key verticals:
- Network Operation and Maintenance (O&M) Services
- Electrical Infrastructure and Network Development Works
- Metering and Meter Management Services
It supports the maintenance and operations of electrical distribution systems at various voltage levels, including 33 kV, 11 kV, and LT networks. The company provides O&M for 33/11 kV substations and deploys technical staff for field tasks such as line maintenance, network inspection, and fault rectification.
Certifications
G.V. Electricals holds the following certifications:
- ISO 9001:2015 (Quality Management)
- ISO 14001:2015 (Environmental Management)
- ISO 45001:2018 (Occupational Health and Safety)
- SA 8000:2014 (Social Accountability)
Order Book
As of June 30, 2026, the company’s order book includes 34 ongoing projects valued at approximately ₹553.70 crores.
Workforce
As of May 31, 2026, the company had 4,473 employees, including 4,332 permanent staff and 141 contract workers across offices and projects.
Competitive Strengths
- Presence across electrical infrastructure activities with major revenue from O&M services
- Strong order book providing revenue visibility
- Majority of revenue from repetitive customers
- Experienced management team and significant manpower strength
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 27-07-2026 | ₹130 | ₹12 | ₹142 ( 9.23% ) | ₹12,000.00 | 27-Jul-2026 03:20 PM |
Financials of G V Electricals Ltd
A quick overview of the key financial performance of G V Electricals Ltd.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 19%, Profit after Tax (PAT) increased by 125%, Total Assets increased by 52% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 111.80 | 131.24 | 156.41 |
| Assets | 42.06 | 51.43 | 78.40 |
| Profit After Tax | 2.80 | 4.66 | 10.47 |
| EBITDA | 6.14 | 8.04 | 17.05 |
| Net Worth | 17.05 | 23.20 | 33.67 |
| Reserves & Surplus | 17.01 | 23.16 | 25.39 |
| Total Borrowings | 4.95 | 7.84 | 16.47 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
2,000
₹ 2,60,000
Individual Investors (IND) (Max)
2
2,000
₹ 2,60,000
S-HNI (Min)
3
3,000
₹ 3,90,000
S-HNI (Max)
7
7,000
₹ 9,10,000
B-HNI (Min)
8
8,000
₹ 10,40,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,000 | ₹ 2,60,000 |
| Individual Investors (IND) (Max) | 2 | 2,000 | ₹ 2,60,000 |
| S-HNI (Min) | 3 | 3,000 | ₹ 3,90,000 |
| S-HNI (Max) | 7 | 7,000 | ₹ 9,10,000 |
| B-HNI (Min) | 8 | 8,000 | ₹ 10,40,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 36.81 |
| ROCE (%) | 31.13 |
| Debt / Equity | 0.49 |
| RoNW (%) | 31.09 |
| PAT Margin (%) | 6.69 |
| EBITDA Margin (%) | 10.9 |
| Price to Book Value | 3.2 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
12.64
9.28
|
| P/E (x) |
10.28
14.01
|
| Promoter Holding (%) |
95.65
67.99
|
| Market Cap | 146.63 |
IPO Lead Manager(s)
Lead Manager Details
- Seren Capital Private Limited
- Contact Person: Venil Mehta / Richa Mandhania
- SEBI Registration Number: INM000013156
- Investor Grievance Email: investor@serencapital.in
- Website: https://serencapital.in/
- Email: info@serencapital.in
- Phone: +91 22 4601 1058
- Address: Office No. 601 to 605, Raylon Arcade, Kondivita, J.B. Nagar, Mumbai - 400059, Maharashtra, India
IPO Registrar
- Registrar Name
- Mudra RTA Ventures Private Limited
- ipo@mudrarta.com
- Phone
- +91 99588 08069
- Contact Person
- Akshay Tanwar
- SEBI Registration Number
- INR000004413
- Address
- B-117, 3rd Floor, DDA Shed, Okhla Industrial Area Phase-1, New Delhi - 110020, India
- Website
- https://www.mudrarta.com/
Company Contact Details
- Company Name
- G V Electricals Ltd
- Phone
- 011-43083804
- Contact Person
- Aarti Garg
- Corporate Identity Number
- U43210MH1985PLC035529
- Address
- Unit No. 324, 3rd Floor, Plot No. 416, Hammersmith Industrial Premises Co-op Society Ltd, Narayan Pathare Marg, Off Sitladevi Temple Road, Mahim, Mumbai - 400016, Maharashtra, India
- Website
- https://gvelectricals.com/
G V Electricals Ltd FAQs
