Fusion Klassroom Edutech IPO DetailsG.V.Electricals IPO Details

Bookbuilding IPO | ₹42 Cr | Listing at BSE SME | Fri, Jul 31, 2026 - Tue, Aug 4, 2026

IPO Details

GMP ↗

Subscription

Reviews ↗
Docs ▼
RHP ↗

G.V. Electricals IPO is a book build issue of ₹42.25 crores. The issue is a combination of fresh issue of 0.30 crore shares aggregating to ₹39.00 crores and offer for sale of 0.03 crore shares aggregating to ₹3.25 crores.

G.V. Electricals IPO opens for subscription on Jul 31, 2026 and closes on Aug 4, 2026. The allotment for the G.V. Electricals IPO is expected to be finalized on Aug 5, 2026. G.V. Electricals IPO will list on the BSE SME with a tentative listing date fixed as Aug 7, 2026.

G.V. Electricals IPO is set issue price band at ₹123 to ₹130 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,60,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,90,000.

Seren Capital Pvt.Ltd. is the book running lead manager and Mudra RTA Ventures Private Limited is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd.

Refer to G.V. Electricals IPO RHP for detailed Information.

IPO Open

Fri, Jul 31, 2026

IPO Close

Tue, Aug 4, 2026

Price Band

₹123 to ₹130

Market Cap (Pre-IPO)

₹146.63 Cr

IPO Details

IPO Date

31 Jul to 4 Aug, 2026
Listing Date

Fri, Aug 7, 2026
Face Value

₹10 per share
Price Band

₹123 to ₹130
Lot Size

1,000 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE SME

Total Issue Size

32,50,000 shares (agg. up to ₹42 Cr)
Reserved for Market Maker

2,80,000 shares (agg. up to ₹4 Cr) Mansi Share & Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)

27,20,000 shares (agg. up to ₹35 Cr)
Offer for Sale

2,50,000 shares of ₹10 (agg. up to ₹3 Cr)
Net Offered to Public

29,70,000 shares (agg. up to ₹39 Cr)
Share Holding Pre Issue

82,79,190 shares
Share Holding Post Issue

1,12,79,190 shares

IPO Timetable (Tentative)

IPO Open

Fri, Jul 31, 2026
Allotment

Wed, Aug 5, 2026
Credit of Shares

Thu, Aug 6, 2026

IPO Close

Tue, Aug 4, 2026
Refund

Thu, Aug 6, 2026
Listing

Fri, Aug 7, 2026

Issue Reservation

G.V. Electricals IPO comprises a total issue size of 32,50,000 shares. The net offer to the public is 29,70,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 14,80,000 (49.83%) are allocated to QIB, 4,50,000 (15.15%) allocated to NII 10,40,000 (35.02%) allocated to RII.

Investor Category	Shares Offered	% of Net Issue	% of Total Issue
QIB Shares Offered	14,80,000	49.83%	45.54%
− Anchor Investor Shares Offered	8,88,000		27.32%
− QIB (Ex. Anchor) Shares Offered	5,92,000		18.22%
NII (HNI) Shares Offered	4,50,000	15.15%	13.85%
− bNII > ₹10L	3,00,000		9.23%
− sNII < ₹10L	1,50,000		4.62%
Retail Shares Offered	10,40,000	35.02%	32.00%
Firm Reservations
Market Maker Shares Offered	2,80,000		8.62%
Total Shares Offered	32,50,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.

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

About G.V.Electricals Ltd.

Incorporated in1985, G.V. Electricals Limited is an power distribution infrastructure service provider that provides operation, maintenance, and support services mainly to India’s electricity distribution utilities.

The company operates in three business verticals:-

Network Operation and Maintenance (“O&M”) Services,
Electrical Infrastructure and Network Development Works, and
Metering and Meter Management Services.

The company supports maintenance and operations of electrical distribution systems at various voltage levels, including 33 kV, 11 kV, and LT networks. It provides O&M for 33/11 kV substations and deploys technical staff for field tasks like line maintenance, network inspection, and fault rectification.

The company has ISO 9001:2015, 14001:2015, 45001:2018, and SA 8000:2014 certifications for its management systems covering quality, environmental, occupational health and safety, and social accountability.

As of June 30, 2026, the company’s order book includes 34 ongoing projects valued at about ₹ 553.70 crores.

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 Strength

Presence Across Electrical Infrastructure Activities with Major Revenue from O&M Services
Order Book Providing Revenue Visibility
Majority of Revenue from Repetitive Customers
Experienced Management Team and Manpower Strength

Company Financials (Restated)

G.V.Electricals Ltd.’s revenue increased by 19% and profit after tax (PAT) rose by 125% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	78.40	51.43	42.06
Total Income	156.66	131.36	112.03
Profit After Tax	10.47	4.66	2.80
EBITDA	17.05	8.04	6.14
NET Worth	33.67	23.20	17.05
Reserves and Surplus	25.39	23.16	17.01
Total Borrowing	16.47	7.84	4.95

Recently Listed IPOs in Other Electrical Equipment

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
IC Electricals Co.Ltd.	SME	₹47.91 Cr	₹99	9.42	₹174.30	+76.06%	₹159.60 (-7.24%)
Vivid Electromech Ltd.	SME	₹130.54 Cr	₹555	19.2	₹563.05	+1.45%	₹1,315.00 (+4.49%)
INDO SMC Ltd.	SME	₹91.95 Cr	₹149	16.1	₹154.80	+3.89%	₹448.60 (+5.00%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Repayment of a portion of certain borrowings availed by the Company;

6.00
2 Funding of Working Capital Requirements

22.00
3 General Corporate Purpose
Total

28.00

Key Performance Indicator (KPI)

KPI	Mar 31, 2026
ROE	36.81%
ROCE	31.13%
Debt/Equity	0.49
RoNW	31.09%
PAT Margin	6.69%
EBITDA Margin	10.90%
Price to Book Value	3.20

	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 Cr.

Jawed Akhtar, Sunil Lakshman Vatsa, Furquan Akhtar

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

Mudra RTA Ventures Private Limited

9870297591/9870297592
ipo@mudrarta.com
Visit Website

IPO Lead Manager(s)

Seren Capital Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

G.V.Electricals Ltd. Address

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
info@gvelectricals.com
Visit Website

IPO FAQs

What is the G.V. Electricals IPO?

G.V. Electricals IPO is a SME IPO of 32,50,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹123 to ₹130. The minimum order quantity is 1000.

The IPO opens on Fri, Jul 31, 2026, and closes on Tue, Aug 4, 2026.

Mudra RTA Ventures Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in G.V. Electricals IPO through Angel One?

Angel One customers can apply online in G.V. Electricals IPO using UPI as a payment gateway. Angel One customers can apply in G.V. Electricals IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in G.V. Electricals IPO through Angel One

Visit the Angel Onewebsite and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘G.V. Electricals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When G.V. Electricals IPO will open?

The G.V. Electricals IPO opens on Fri, Jul 31, 2026 and closes on Tue, Aug 4, 2026.

What is the lot size of G.V. Electricals IPO?

G.V. Electricals IPO lot size is 1000, and the minimum amount required for application is ₹2,60,000, with 2 lots being the minimum application size.

How to apply for G.V. Electricals IPO?

You can apply in G.V. Electricals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is G.V. Electricals IPO allotment?

The finalization of Basis of Allotment for G.V. Electricals IPO will be done on Wednesday, August 5, 2026, and the allotted shares will be credited to your demat account by Thu, Aug 6, 2026. Check the G.V. Electricals IPO allotment status.

When is G.V. Electricals IPO listing date ?

The G.V. Electricals IPO listing date is not yet announced. The tentative date of listing is Fri, Aug 7, 2026.