G.V. Electricals IPO: ₹42 Crore Issue Opens July 31
By Business Desk
G.V. Electricals launches a ₹42 crore book-built IPO on July 31, 2026, on the BSE SME platform. Explore details, price band, and grey market premium.
G.V. Electricals is launching a 100% book-built IPO to raise ₹42 crore, with subscriptions opening from July 31 to August 7, 2026. The company plans to list on the BSE SME platform by August 12, 2026.
IPO Details Unpacked
- Issue aims to raise ₹42 crore total
- Fresh issue component: ₹39 crore
- Offer for sale component: ₹3.25 crore
- Face value per share: ₹10
- Price band: ₹123 to ₹130 per share
- Minimum application lot size: 1,000 shares
Seren Capital Private Limited is managing the book-running for this IPO.
Grey Market Premium & Listing Outlook
The Grey Market Premium (GMP) for G.V. Electricals IPO currently stands at ₹26. This suggests a potential listing price of ₹156, which is 20.00% above the issue price. The article notes GMP is volatile and not the sole investment factor.
Company Profile
Incorporated on February 28, 1985, G.V. Electricals Ltd. became a public limited company on September 1, 2025. The firm has a four-decade history in power distribution infrastructure services.
Its operations include electrical contracting, turnkey electrical installations, and the supply and assembly of power distribution equipment for commercial and industrial clients. The company operates from its registered office in Mumbai and a corporate office in Delhi.
Financial Performance
- Total income in FY25: ₹131.36 crore
- Increase from FY24: 17.25% (from ₹112.03 crore)
- Net profit in FY25: ₹4.66 crore
- Net profit surge year-on-year: 66.4%
Promoters Jawed Akhtar, Sunil Lakshman Vatsa, and Furquan Akhtar hold 95.65% pre-IPO.
IPO Objectives
Proceeds from the IPO are earmarked for several key purposes:
- Funding working capital requirements
- Partial or full repayment of existing debt
- General corporate purposes
The IPO offers an investment in an established firm within a growing sector, backed by experienced promoters. Investors should consider risks like working capital intensity, reliance on contract awards, and potential raw material price fluctuations.