G.V. Electricals IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 4 | Day 5 | Day 8 |
|---|---|---|---|---|
| QIB | 3.52x | 3.52x | 66.42x | 91.55x |
| NII | 2.18x | 30.61x | 243.83x | 273.39x |
| bNII > ₹10L | 2.60x | 32.14x | 285.79x | 316.28x |
| sNII 2-10L | 1.35x | 27.55x | 159.89x | 187.62x |
| Retail | 1.65x | 29.33x | 150.46x | 168.43x |
| Total | 2.30x | 22.27x | 146.74x | 169.26x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 112.03 | 131.36 | 156.66 |
| Expense | 106.57 | 124.61 | 142.36 |
| Profit (PAT) | 2.80 | 4.66 | 10.47 |
| Total Assets | 42.06 | 51.43 | 78.40 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| G.V. Electricals This IPO | 12.64 | - | 31.09 | 40.66 | - |
| Rajesh Power Services Limited | 79.52 | 10.69 | 35.26 | 225.56 | 1,633.41 Cr |
| Parth Electricals & Engineering Limited | 11.35 | 39.20 | 12.78 | 81.54 | 200.95 Cr |
Promoters & Holding Pattern
Promoters: Jawed Akhtar, Sunil Lakshman Vatsa, Furquan Akhtar
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 82,79,190 | 95.65% |
| Promoter Holding Post Issue | 1,12,79,190 | 67.99% |
Strengths & Risks
- Heavily oversubscribed — 169.3x overall (so far).
- Strong institutional (QIB) demand — 91.6x.
- Revenue grew 19% in the latest reported year.
- Strong return on equity — 37%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About G.V. Electricals
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.
Company Contact Information
G.V. Electricals Ltd., Unit no 324, 3rd floor, Plot no 416,, Hammersmith Industrial Premises Co-op Society Ltd,, Off. Sitladevi Temple Road, Mahim,, Mumbai, Maharashtra, 400016
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment of a portion of certain borrowings availed by the Company; | 6.00 |
| Funding of Working Capital Requirements | 22.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
G.V. Electricals IPO - Quick Take
G.V. Electricals has set a price band of Rs 123–Rs 130 per share for an issue size of Rs 42 crore. The stock listed with a 21.54% gain versus its issue price on August 12, 2026.
The issue is promoted by Jawed Akhtar, Sunil Lakshman Vatsa, Furquan Akhtar with Seren Capital Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment of a portion of certain borrowings availed by the Company; (Rs 6 crore) and funding of Working Capital Requirements (Rs 22 crore).
On fundamentals, the company is posting revenue growth of 19.3%, a profit margin of 6.7%, return on equity of 36.8% in its most recent reported period. Listed peers in this segment include Rajesh Power Services Limited (P/E 10.69x) and Parth Electricals & Engineering Limited (P/E 39.20x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
G.V. Electricals IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 19.2%. Of the 26 SME IPOs we have tracked with a final GMP between 10% and 25%, 21 listed above, 3 flat and 2 below the issue price; G.V. Electricals listed 21.5% above its issue price.
See the full G.V. Electricals GMP history and trend, or learn how grey market premium works and how reliable it is.
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