G V Electricals IPO
Engineering • ₹42.25 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹123-130
Lot Size
1000 shares
Issue Size
₹42.25 Cr
Open
31 Jul 2026
Close
04 Aug 2026
Subscription
—
GMP +₹22 → est. ₹152
About G V Electricals
G V Electricals Limited is a power distribution infrastructure services provider engaged in providing operation and maintenance (O&M) and allied support services to electricity distribution utilities in India. Incorporated in 1985, the company operates across three business verticals: Network Operation and Maintenance Services, Electrical Infrastructure and Network Development Works, and Metering and Meter Management Services. Its services include maintenance of electricity distribution networks, substations, feeders, poles, and cables; execution of electrical and civil infrastructure works; and metering-related activities such as meter installation, replacement, testing, and reading. The company undertakes projects through contracts awarded by electricity distribution utilities, primarily through competitive tendering processes, as well as direct work orders from certain private sector clients. Its operations involve deploying field personnel, including supervisors, technicians, and linemen, supported by operational vehicles, tools, and equipment to carry out maintenance, inspection, and restoration activities across designated service areas. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Repayment of a portion of certain borrowings availed by the company — Rs 6 crore Funding of working capital requirements — Rs 22 crore General corporate purposes.
Company Details
Founders / Promoters
Mr Sunil Lakshman Vatsa
Founded
1985
Registrar
Mudra RTA Ventures Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Grey Market Premium (GMP)
Issue Price
₹130
GMP
+₹22
Est. Listing
₹152
Est. Gain
+16.9%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
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FAQ
What is the price band of G V Electricals IPO?
The price band is ₹123-130 per share with a lot size of 1000 shares. Minimum investment: ₹1,30,000.
What does G V Electricals do?
G V Electricals Limited is a power distribution infrastructure services provider engaged in providing operation and maintenance (O&M) and allied support services to electricity distribution utilities in India. Incorporated in 1985, the company operates across three business verticals: Network Operation and Maintenance Services, Electrical Infrastructure and Network Development Works, and Metering and Meter Management Services. Its services include maintenance of electricity distribution networks, substations, feeders, poles, and cables; execution of electrical and civil infrastructure works; and metering-related activities such as meter installation, replacement, testing, and reading. The company undertakes projects through contracts awarded by electricity distribution utilities, primarily through competitive tendering processes, as well as direct work orders from certain private sector clients. Its operations involve deploying field personnel, including supervisors, technicians, and linemen, supported by operational vehicles, tools, and equipment to carry out maintenance, inspection, and restoration activities across designated service areas. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Repayment of a portion of certain borrowings availed by the company — Rs 6 crore Funding of working capital requirements — Rs 22 crore General corporate purposes.
Should I apply for G V Electricals IPO?
G V Electricals is a Engineering sme IPO and opens 31 Jul 2026 with a ₹123-130 price band (₹42.25 Cr issue) — subscription data is not live yet, so demand signals are unavailable. Unofficial grey market premium is around ₹22, roughly 17% above the ₹130 upper band for this Engineering IPO — useful as a sentiment check before listing, but not verified by NSE/BSE/SEBI.
Who founded G V Electricals?
G V Electricals was founded by Mr Sunil Lakshman Vatsa in 1985.