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G V Electricals Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

Listed
Price Band ₹130 per share per share
Lot Size 2000 Shares
Min. Investment ₹260000
Issue Size ₹42.25 Cr
Face Value ₹10
IPO Open 31 July 2026
IPO Close 07 August 2026
Allotment 10 Aug 2026
Listing 12 Aug 2026
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Live demand

Subscription status for G V Electricals Ltd IPO

As of 02 May 26, 5:00 PM. Will get Updated in every 30 minutes

QIB 3.42x

Qualified Institutional Buyers

NII 2.15x

Non-Institutional Investors

Retail 1.84x

Retail Individual Investors

Total 2.48x

Across all investor categories

Key dates

IPO schedule for G V Electricals Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 31 Jul 2026
IPO Close 07 Aug 2026
Allotment 10 Aug 2026
Refund / Unblock 11 Aug 2026
Listing 12 Aug 2026
About the company

Who is G V Electricals Ltd ?

G V Electricals Limited was incorporated as 'G.V. Electricals Private Limited' on February 28, 1985, pursuant to a Certificate of incorporation issued by Registrar of Companies, Maharashtra. The Company was converted from Private limited to Public limited with effect from November 4, 2025 and the name of the company was changed from 'G.V. Electricals Private Limited' to 'G V Electricals Limited. The Company is engaged in the business of electrical infrastructure projects, operation and maintenance (O&M) services and meter and metering related services.

Its scope of services includes installation, testing and commissioning of distribution systems across 33 kV, 11 kV, high-tension (HT) and low-tension (LT) networks, as well as system monitoring, fault detection, troubleshooting and repair of distribution networks and substations. The Company undertake installation and development of electricity distribution systems and associated infrastructure, including pole-related works such as erection and shifting of poles, cable-related works including laying, jointing and termination of underground and overhead cables, and installation of distribution network components. In addition, the services consist of installation and replacement of energy meters, meter testing, meter reading and related metering support activities, carried out in accordance with requirements specified by the relevant utilities.

The Company undertook an international EPC assignment in the Middle East involving erection, testing and commissioning of substations during the period 2004. In 2016, the Company executed O&M contracts for power distribution infrastructure in the state of Haryana, executed an additional O&M contract for power distribution infrastructure in Haryana in 2019, secured Rs 200 crore contract for electrical infrastructure works in Eastern India in FY23 and has secured power distribution utilities for maintenance of LT/HT lines and substations in 2025.

Company has filed a Draft Red Herring Prospectus with the SEBI& is planning the aggregate to issue 32,50,000 equity shares of Rs 10, comprising a fresh issue of 30,00,000 equity shares and the offer for sale of 2,50,000 equity shares through Public Issue.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income156.66131.36112.03
EBITDA17.308.166.37
PAT10.474.662.80
AUM78.4051.4342.06

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • Presence Across Electrical Infrastructure Activities with O&M-based Revenue Contribution.
  • Order Book Providing Revenue Visibility.
  • Majority of Revenue from Repetitive Customers.
  • Experienced Management Team and Manpower Strength.

Risks

  • A major portion of the company's revenue is derived from power distribution utilities, and any reduction in business from such customers, adverse changes in procurement practices or failures to secure new contracts may adversely affect its business, results of operations, financial condition and cash flows.
  • The company's revenue from operations is substantially dependent on Network Operation and Maintenance ("O&M") Services, and any adverse changes affecting this service vertical may have a material adverse effect on its business.
  • The company's business is dependent on securing contracts through competitive tendering processes, and its inability to successfully participate in or secure such tenders, or maintain competitive pricing, may adversely affect the company's business.
  • A significant portion of the company's revenue from operations is derived from a limited number of customers, and any reduction in business from such customers may adversely affect its business, results of operations, financial condition and cash flows.
  • The company is required to obtain and maintain various statutory licenses, registrations and approvals for its business operations, and any failures to obtain, renew or update such approvals may adversely affect its business, operations and financial condition.
  • A significant portion of the company's revenue is derived from repeat customers. Any reduction, delay, cancellation or non-receipt of work orders from such customers may adversely affect its business, results of operations, cash flows and financial condition.
  • The company's business is dependent on procurement of electrical materials and equipment from third-party suppliers, and any significant fluctuation in prices or disruption in supply of such materials, including dependence on a limited number of suppliers, may adversely affect its business.
  • The company's business operations is dependent on availability and deployment of skilled and semi-skilled manpower, and any inability to effectively manage or deploy such workforce may adversely affect its business, results of operations, financial condition and cash flows.
  • The company's ongoing order book may not be indicative of assured revenues, as a significant portion of its projects are executed under rate contracts, maintenance arrangements and work order-based engagements, where actual execution is dependent on issuance of specific work orders and operational requirements of customers.
  • The company's business is working capital intensive and any inability to arrange adequate funding or efficiently manage its working capital, including trade receivables, inventories and project-related cash flows, may adversely affect its liquidity, operations and financial condition.

G V Electricals Ltd IPO — frequently asked questions

The G V Electricals Ltd IPO opens on 31 July 2026 and closes on 07 August 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for G V Electricals Ltd IPO is Rs 130 to Rs 130 per share. The lot size is 2000 shares per lot, requiring a minimum investment of Rs 260000 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 2000 lots as per SEBI guidelines.
You can apply for the G V Electricals Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select G V Electricals Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 07 August 2026 at 5:00 PM.
Allotment for G V Electricals Ltd IPO is scheduled on 10 Aug 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 11 Aug 2026. The shares are expected to list on 12 Aug 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the G V Electricals Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your G V Electricals Ltd IPO bid before the subscription window closes on 07 August 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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