G V Electricals IPO GMP today is Rs 26. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
GVELECTRIC
G V Electricals IPO GMP & Allotment
G V Electricals is a power distribution infrastructure services provider, primarily engaged in offering operation and maintenance (O&M) and allied support services to electricity distribution utilities in India. The company’s operations are organised into three main verticals: Network Operation and Maintenance (O&M) Services, Electrical Infrastructure and Network Development Works, and Metering and Meter Management Services. Its core business involves the operational support and maintenance of electrical distribution networks across various voltage levels, including 33/11 kV substations. This O&M services segment constitutes the largest portion of its revenue. The company also undertakes electrical and civil infrastructure works, such as pole erection, cable laying, and construction of supporting structures. Additionally, it provides metering-related field services, including the installation, replacement, and testing of energy meters. Contracts are typically awarded through competitive tendering processes by utility companies.
- IPO Price Band
- ₹123.00 - ₹130.00
- Lot Size
- 1,000 Shares
- Bidding Closes
- 04 Aug 2026
- Listing Date
- 07 Aug 2026
Quick Answer & Highlights
G V Electricals IPO GMP Today & Key Takeaways
Last updated: 07 Aug 2026
G V Electricals IPO officially listed on 07 Aug 2026 at Rs 158.00, delivering a +21.54% listing gain compared to its issue price of Rs 130.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹26.
G V Electricals IPO officially listed on 07 Aug 2026 at ₹158.00, delivering a +21.54% listing gain compared to its issue price of ₹130.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹26.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹26 | +20% vs upper band (07 Aug 2026) |
| Est. Listing Price | ₹158.00 | +21.54% Est. Listing Gain |
| Price Band | ₹123.00 - ₹130.00 | SME IPO |
| Retail Minimum Investment | ₹2,60,000 | 2 Lot (1,000 Shares) |
| Bidding Window | 31 Jul 2026 – 04 Aug 2026 | Listed |
| Allotment & Listing Dates | Allotment: 05 Aug 2026 | Listing: 07 Aug 2026 |
Current GMP Status
₹26
+20% vs upper band
Est. Listing Gain
+21.54%
Last Trend
07 Aug 2026
Listing Price
₹158.00
Retail Entry
₹2,60,000
IPO Details
Complete IPO information
| IPO Open Date | 31 Jul 2026 |
|---|---|
| IPO Close Date | 04 Aug 2026 |
| IPO Price Band | ₹123.00 - ₹130.00 |
| Lot Size | 1,000 Shares |
| Current GMP | ₹26 |
| Estimated Listing Gain | +21.54% |
| Issue Size | Approx ₹42.25 Cr |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 149.31x |
| Minimum Investment | ₹2,60,000 |
| DRHP Draft Prospectus | - |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, G V Electricals is priced at ₹130 per share. With a minimum lot size of 1,000 shares, a retail investor applying for one lot would need approximately ₹2,60,000 to participate in this SME issue.
The latest recorded Grey Market Premium for G V Electricals stands at ₹26, implying an estimated listing gain of around 20.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, G V Electricals's IPO was subscribed 149.31x overall, with a category-wise breakdown of Retail 168.69x, QIB 91.55x.
Among the strengths highlighted in G V Electricals's IPO documents: A significant portion of revenue is generated from operation and maintenance (O&M) services.; The existing order book provides visibility for future revenues..
Investors should also weigh the risk factors G V Electricals has disclosed, including: A major portion of revenue is derived from a limited number of power distribution utilities..
A share of G V Electricals's issue proceeds is earmarked for Repayment Of Borrowings: 6 (15.38%).
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
31 Jul 2026
✓
Bidding Closes
04 Aug 2026
✓
Allotment
05 Aug 2026
✓
Listing
07 Aug 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 31 Jul 2026 | Completed |
| Bidding Closes | 04 Aug 2026 | Completed |
| Allotment | 05 Aug 2026 | Completed |
| Listing | 07 Aug 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 07 Aug 2026 | ₹26.00 | - | 20.00% |
| 06 Aug 2026 | ₹26.00 | - | 20.00% |
| 04 Aug 2026 | ₹26.00 | - | 20.00% |
| 03 Aug 2026 | ₹26.00 | +₹1.00 | 20.00% |
| 31 Jul 2026 | ₹25.00 | - | 19.23% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,000 | ₹2,60,000 |
| Retail Maximum | 2 Lot | 2,000 | ₹2,60,000 |
| S-HNI Minimum | 3 Lot | 3,000 | ₹3,90,000 |
| S-HNI Maximum | 7 Lot | 7,000 | ₹9,10,000 |
| B-HNI Minimum | 8 Lot | 8,000 | ₹10,40,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 6 (15.38%)
- Working Capital 22 (56.41%)
- General Corporate Purpose 11 (28.21%)
Issue Notes
Important takeaways before applying
Strengths
- A significant portion of revenue is generated from operation and maintenance (O&M) services.
- The existing order book provides visibility for future revenues.
- A majority of the company’s revenue comes from repeat customers.
- The company is led by an experienced management team and has a large workforce.
- It holds multiple ISO certifications for quality, environmental, and safety management
Risks
- A major portion of revenue is derived from a limited number of power distribution utilities.
- The business is substantially dependent on revenue from network operation and maintenance (O&M) services.
- The business relies on securing contracts through competitive tendering processes.
- A significant portion of revenue is derived from repeat customers, and any reduction in orders may have an adverse effect.
- Operations are dependent on the procurement of materials and equipment from third-party suppliers.
Analysis
G.V. Electricals IPO Reservation
G.V. Electricals Limited has allocated shares among different categories of investors in accordance with the SEBI regulations governing book-built IPOs. The reservation structure is designed to provide participation opportunities for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors.
The allocation below shows the number of equity shares reserved for each investor category and their respective percentage of the total issue. This distribution helps investors understand how the IPO is structured across various classes of applicants.
| Investor Category | Shares Offered | Percentage of Issue |
|---|---|---|
| Anchor Investor | 8,88,000 Shares | 27.32% |
| Qualified Institutional Buyers (QIB) (Excluding Anchor) | 5,92,000 Shares | 18.22% |
| Non-Institutional Investors (NII) | 4,50,000 Shares | 13.85% |
| Retail Individual Investors (RII) | 10,40,000 Shares | 32.00% |
Note: The final allocation of shares may vary depending on the subscription received in each investor category and will be carried out in accordance with SEBI regulations and the Basis of Allotment finalized after the IPO closes.
Analysis
G.V. Electricals IPO Anchor Investors
Before the public subscription opens, G.V. Electricals Limited may allocate a portion of its IPO to eligible Anchor Investors. These institutional investors participate in the IPO one working day before the issue opens and often provide confidence in the offering by committing capital ahead of the public issue.
The details below include the anchor bidding date, the number of shares reserved for Anchor Investors, the anchor issue size, and the applicable lock-in periods prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 30, 2026 |
| Anchor Investors List | |
| Shares Offered | 8,88,000 Shares |
| Anchor Issue Size | [.] Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The Anchor Investors list and anchor issue size will be updated after the completion of the anchor allocation process. The lock-in period for anchor investors is governed by SEBI regulations, with 50% of allotted shares locked for 30 days and the remaining 50% locked for 90 days from the date of allotment.
Analysis
G V Electricals IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 31 Jul 2026 |
| IPO Close Date | 04 Aug 2026 |
| Basis of Allotment | 05 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 07 Aug 2026 |
Note: The timeline for G V Electricals IPO is tentative and subject to change.
Analysis
G.V. Electricals IPO Promoters and Holding Pattern
The promoters of G.V. Electricals Limited play a key role in driving the company's long-term strategy, operational growth, and corporate governance. Their continued shareholding after the IPO reflects their ongoing commitment to the company's future development and business expansion.
Following the public issue, the promoters' shareholding will reduce due to the issuance of new equity shares, while they will continue to retain a significant ownership stake in the company.
Promoters of G.V. Electricals Limited
- Jawed Akhtar
- Sunil Lakshman Vatsa
- Furquan Akhtar
| Particular | Shares | Holding (%) |
|---|---|---|
| Promoter Holding (Pre-Issue) | 82,79,190 | 95.65% |
| Promoter Holding (Post-Issue) | 1,12,79,190 | 67.99% |
Note: The post-issue promoter shareholding is subject to the successful completion of the IPO and allotment of equity shares. The reduction in promoter ownership is primarily due to equity dilution resulting from the fresh issue, while the promoters continue to maintain a controlling stake in the company.
Analysis
G V Electricals Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
G.V. Electricals About IPO
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.
Analysis
G V Electricals Company Financials
To Be Updated Soon
Analysis
G V Electricals Company Valuation – FY2026
To Be Updated Soon
Analysis
G V Electricals IPO Peer Group Comparison
To Be Updated Soon
Analysis
IPO Lead Managers aka Merchant Bankers
- Seren Capital Pvt. Ltd.
Comparison
Compare G V Electricals IPO with similar IPOs
FAQ
G V Electricals IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 26 and an issue price of Rs 130, the estimated listing price for G V Electricals IPO is Rs 156.00 (approx 20.00% listing gain). Actual listing price is determined by market demand on the listing day.
G V Electricals IPO price band is Rs 123.00 to Rs 130.00. Check the latest issue price, lot size and GMP together before applying.
G V Electricals IPO open date is 31 Jul 2026, close date is 04 Aug 2026, and listing date is 07 Aug 2026.
G V Electricals IPO lot size is 1,000 shares. The minimum retail investment is Rs 2,60,000.
G V Electricals is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
G V Electricals IPO subscription status currently shows Retail 168.69x, QIB 91.55x, Overall 149.31x.
G V Electricals is a power distribution infrastructure services provider, primarily engaged in offering operation and maintenance (O&M) and allied support services to electricity distribution utilities in India. The company’s operations are organised into three main verticals: Network Operation and Maintenance (O&M) Services, Electrical Infrastructure and Network Development Works, and Metering and Meter Management Services. Its core business involves the operational support and maintenance of electrical distribution networks across various voltage levels, including 33/11 kV substations. This O&M services segment constitutes the largest portion of its revenue. The company also undertakes electrical and civil infrastructure works, such as pole erection, cable laying, and construction of supporting structures. Additionally, it provides metering-related field services, including the installation, replacement, and testing of energy meters. Contracts are typically awarded through competitive tendering processes by utility companies.
G V Electricals IPO issue size is 42.25 and the expected allotment date is 05 Aug 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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