SME
IPO ·
BSE SME
G.V.Electricals Ltd
Listed
Incorporated in1985, G.V.
Issue details
Price band
₹123 – ₹130
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,60,000
Issue size
₹42.25 Cr
Fresh issue
₹35.36 Cr
Offer for sale
₹3.25 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
31 Jul 2026
Closes
7 Aug 2026
UPI mandate cut-off
5:00 PM on 7 Aug 2026
Allotment
10 Aug 2026
Refunds
11 Aug 2026
Shares in demat
11 Aug 2026
Listing
12 Aug 2026
Subscription and listing
Subscription
141.12x
Listing price
₹158
Registrar
Mudra RTA Ventures Private Limited
Lead manager
Seren Capital
Subscription by category
Total
141.12x
Total applications
1,41,697
Anchor investors
Amount raised
₹11.54 Cr
Bid date
30 Jul 2026
50% lock-in ends
13 Sep 2026
Rest lock-in ends
11 Nov 2026
Listing day
Issue price
₹130
Open
₹158.00
High
₹165.90
Low
₹154.00
Day close
₹165.90
Listing gain at open
+21.54%
Issue structure
Shares reserved per category and share of the total issue
QIB
14,80,000
45.54%
Anchor Investor
8,88,000
27.32%
QIB (Ex. Anchor)
5,92,000
18.22%
NII
4,50,000
13.85%
bNII > ₹10L
3,00,000
9.23%
sNII < ₹10L
1,50,000
4.62%
Retail
10,40,000
32.00%
Market Maker
2,80,000
8.62%
Total
32,50,000
100.00%
Finaccle’s quick read
Apply
FY26 income up 19%, PAT up 125%, ROE 36.81%, D/E 0.49, post-issue P/E 14.01x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
36.81%
ROCE
31.13%
Debt / equity
0.49
PAT margin
6.69%
P/E post issue
14.01
Market cap
₹146.63 Cr
Use of IPO money
Repayment of a portion of certain borrowings availed by the Company
₹6.00 Cr
Funding of Working Capital Requirements
₹22.00 Cr
General Corporate Purpose
₹5.49 Cr
Issue Expenses
₹5.97 Cr
Strengths
✓
Revenue up 19% in FY26 to ₹156.66 Cr
✓
PAT up 125% in FY26 to ₹10.47 Cr
✓
ROE of 36.81% and ROCE of 31.13%
✓
Moderate leverage: debt to equity 0.49
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 6.69%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.