G.V.Electricals Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 36.50x | 1,480,000 | 54,026,000 | ₹19 Cr |
| NII (HNI) | 🔥 276.26x | 450,000 | 124,317,000 | ₹6 Cr |
| Retail | 🔥 231.52x | 1,040,000 | 240,776,000 | ₹14 Cr |
| Market Maker | — | 280,000 | — | ₹4 Cr |
| Σ Total | 🔥 141.12x | 2,970,000 | 419,119,000 | ₹39 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹130,000 |
| Retail (Max) | 13 | 13,000 | ₹1,690,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,820,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,710,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 157 | 131 | 112 |
| EBITDA | 17 | 8 | 6 |
| Profit After Tax | 10 | 5 | 3 |
| Net Worth | 34 | 23 | 17 |
| Total Assets | 78 | 51 | 42 |
| Reserves & Surplus | 25 | 23 | 17 |
| Total Borrowing | 16 | 8 | 5 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment of a portion of certain borrowings availed by the Company; – 6.00
- Funding of Working Capital Requirements – 22.00
- General Corporate Purpose –
Company Overview
Incorporated in1985, G.V. Electricals Limited is an power distribution infrastructure service provider that provides operation, maintenance, and support services mainly to India's electricity distribution utilities.
The company operates in three business verticals:-
- Network Operation and Maintenance (“O&M”) Services,
- Electrical Infrastructure and Network Development Works, and
- Metering and Meter Management Services.
The company supports maintenance and operations of electrical distribution systems at various voltage levels, including 33 kV, 11 kV, and LT networks. It provides O&M for 33/11 kV substations and deploys technical staff for field tasks like line maintenance, network inspection, and fault rectification.
The company has ISO 9001:2015, 14001:2015, 45001:2018, and SA 8000:2014 certifications for its management systems covering quality, environmental, occupational health and safety, and social accountability.
As of June 30, 2026, the company’s order book includes 34 ongoing projects valued at about ₹ 553.70 crores.
As of May 31 , 2026, the Company had 4,473 employees, including 4,332 permanent staff and 141 contract workers across offices and projects.
Competitive Strength
- Presence Across Electrical Infrastructure Activities with Major Revenue from O&M Services
- Order Book Providing Revenue Visibility
- Majority of Revenue from Repetitive Customers
- Experienced Management Team and Manpower Strength