G V Electricals IPO
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G V Electricals IPO details
Schedule of G V Electricals
| Issue open date | 31 Jul 2026 |
| Issue close date | 07 Aug 2026 |
| UPI mandate deadline | 07 Aug 2026 (5 PM) |
| Allotment finalization | 10 Aug 2026 |
| Refund initiation | 11 Aug 2026 |
| Share credit | 11 Aug 2026 |
| Listing date | 12 Aug 2026 |
| Mandate end date | 22 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 06 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 05 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of G V Electricals
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 42.25 |
| Fresh Issue – Proceeds go to the company | 39 |
| Offer for sale – Proceeds go to the existing investors |
3.25 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of borrowings availed by the Company | 6 (15.38%) |
| Funding working capital requirements | 22 (56.41%) |
| General corporate purposes | 11 (28.21%) |
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.
Allotment Status for G V Electricals
To check your IPO allotment status:
- Visit the Mudra RTA Ventures Private Limited page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for G V Electricals
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on August 07, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.92 | 541.98 | 91.55x |
| NII | 7.30 | 1230.36 | 168.54x |
| Retail | 10.40 | 1754.36 | 168.69x |
| Total | 23.62 | 3526.70 | 149.31x |