G.V. Electricals IPO: ₹42.25 Cr Fundraise on BSE SME

G.V. Electricals Ltd., an Indian electrical contracting firm, is set to launch an SME IPO aiming to raise approximately ₹42.25 crores. The Book-built Issue includes a fresh issue of ₹39.00 crores and an offer for sale of up to 2,50,000 equity shares.

The company, with nearly 40 years of experience, specializes in Low Tension and High Tension electrical installations up to 400 kV, offering comprehensive turnkey solutions. These services cover engineering, design, procurement, installation, testing, commissioning, and electrical consultancy for diverse clients.

IPO Key Details

The IPO’s price band is fixed between ₹123 and ₹130 per share, each with a face value of ₹10. Subscription will run from July 31, 2026, to August 4, 2026.

Allotment for the shares is anticipated on August 5, 2026, with listing scheduled for BSE SME on August 7, 2026. Investors must apply for a minimum market lot of 2,000 shares, requiring an investment of ₹2,60,000.

Investor Allocation and Promoters

The issue reserves 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). Jawed Akhtar, Sunil Lakshman Vatsa, and Furquan Akhtar are the company’s promoters.

Financial Performance and Fund Use

G.V. Electricals reported a revenue of ₹156.66 crores in 2026, an increase from ₹131.36 crores in 2025. Profit after tax (PAT) also rose significantly to ₹10.47 crores in 2026, up from ₹4.66 crores in 2025.

Key valuation metrics for FY2026 included a Return on Equity (ROE) of 36.81% and a Return on Capital Employed (ROCE) of 31.13%. The Basic Earnings Per Share (EPS) stood at ₹12.64, alongside a Net Asset Value (NAV) of ₹40.66.

The funds generated from the IPO will be primarily allocated to repay ₹6.00 crores in borrowings and to fund ₹22.00 crores of working capital requirements. The remaining capital is designated for general corporate purposes.

Investors are advised to consider applying for the IPO for the long term, supported by the company’s robust financial performance.