G V Electricals IPO
Engineering • ₹42cr
Medium 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
₹42cr
Open
31 Jul 2026
Close
07 Aug 2026
Subscription
129×
GMP +₹26 → est. ₹156
IPO Schedule
| Issue Open Date | 31 Jul 2026 |
| Issue Close Date | 07 Aug 2026 |
| Allotment Date | 10 Aug 2026 |
| Listing Date | 12 Aug 2026 |
About G V Electricals
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.
Company Details
Founders / Promoters
Mr Sunil Lakshman Vatsa
Founded
1985
Registrar
Mudra RTA Ventures Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
129×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹130
GMP
+₹26
Est. Listing
₹156
Est. Gain
+20.0%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
G V Electricals — IPOFins Verdict
QuantitativeDriven by QIB demand at 66.4x and moderate disclosed risk (5/10). SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- 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
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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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 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.
Should I apply for G V Electricals IPO?
G V Electricals is drawing exceptionally strong interest at 129.3x overall subscription (QIB 66.4x, retail 150.3x) — high retail oversubscription usually means lower allotment odds per application. IPOFins Score 7/10: Driven by QIB demand at 66.4x and moderate disclosed risk (5/10). SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded G V Electricals?
G V Electricals was founded by Mr Sunil Lakshman Vatsa in 1985.