G.V. Electricals IPO: ₹42 Cr Issue Opens July 31

G.V. Electricals’ IPO, valued at up to ₹42 crore, will open for subscription from July 31 to August 7, 2026. This 100% book-built issue is slated for a tentative listing on the BSE SME platform by August 12, 2026.

IPO Structure and Pricing

The offering includes a fresh issue of ₹39 crore and an offer for sale totaling ₹3.25 crore. Each share holds a face value of ₹10.

• Price band: ₹123 to ₹130 per share
• Lot size: 1,000 shares per application

Company Operations

G.V. Electricals Ltd., established in 1985, operates as a power distribution infrastructure services provider. The company specializes in electrical engineering and equipment, primarily serving clients in Maharashtra and Delhi.

Its business model covers turnkey electrical solutions, contracting services, and manufacturing specialized electrical equipment for various sectors.

Financial Performance & Market Outlook

The company reported consistent financial growth leading up to its IPO.

• Total income in FY25: ₹131.36 crore (up from ₹112.03 crore in FY24)
• Net profit in FY25: ₹4.66 crore, marking a 66.4% year-on-year increase

The Grey Market Premium (GMP) for the IPO stood at ₹26, suggesting a potential listing price of ₹156. This implies a 20.00% premium over the issue price.

IPO Objectives

Proceeds from the IPO are earmarked for funding working capital requirements, debt repayment, and general corporate purposes. The promoters include Jawed Akhtar, Sunil Lakshman Vatsa, and Furquan Akhtar.

Seren Capital Private Limited is the book-running lead manager, with Mudra RTA Ventures Private Limited serving as the registrar for the issue.