G.V. Electricals IPO is a Book Built SME public issue of G.V. Electricals Limited, a company that provides operation, maintenance, and engineering services for electricity distribution infrastructure. The company supports power distribution utilities by maintaining electrical networks, improving system reliability, and carrying out infrastructure-related projects across different regions of India. The IPO has been launched to strengthen the company’s financial position and support its future business expansion.
G.V. Electricals Limited offers a broad range of services related to electrical distribution systems, including maintenance of substations, transformers, distribution lines, overhead networks, underground cables, and associated electrical assets. The company also undertakes installation, repair, testing, and infrastructure improvement projects for electricity distribution companies and government agencies.
The company operates through a project-based business model supported by technical expertise, experienced field personnel, and operational capabilities. Its focus remains on timely project execution, quality workmanship, workplace safety, and efficient maintenance services while building long-term relationships with clients in the power sector.
India’s electricity distribution industry continues to expand with increasing investments in power infrastructure, rural electrification, smart grid development, feeder modernisation, and network upgradation. Rising electricity demand, infrastructure development, and government initiatives aimed at improving power distribution efficiency are expected to create long-term opportunities for companies operating in this segment.
Before investing in the IPO, investors should carefully evaluate the company’s financial performance, order book, project execution capabilities, customer base, valuation, and long-term growth strategy while considering the risks associated with infrastructure and engineering service businesses.
G.V. Electricals IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | G.V. Electricals IPO |
| Company Name | G.V. Electricals Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹130 Per Share |
| Price Band | ₹123 to ₹130 Per Share |
| Issue Size | ₹42.25 Crore |
| Fresh Issue | 30,00,000 Equity Shares |
| Offer for Sale | 2,50,000 Equity Shares |
| Lot Size | 1,000 Shares |
| IPO Open Date | 31 July 2026 |
| IPO Close Date | 4 August 2026 |
| Basis of Allotment | 5 August 2026 (Expected) |
| Refund Initiation | 6 August 2026 (Expected) |
| Shares Credited to Demat Account | 6 August 2026 (Expected) |
| Listing Date | 7 August 2026 (Expected) |
| Listing Exchange | BSE SME |
| Registrar | Mudra RTA Ventures Private Limited |
| Book Running Lead Manager | Seren Capital Private Limited |
The IPO comprises a fresh issue of equity shares along with an offer for sale by existing shareholders. The company plans to utilise the funds raised through the fresh issue for repayment of certain borrowings, funding working capital requirements, supporting business expansion, and meeting general corporate purposes. These investments are expected to strengthen operational capabilities and support future growth.
G.V. Electricals IPO Dates
The G.V. Electricals IPO follows the standard SME book-building process. After the subscription period closes, the registrar finalises the basis of allotment, initiates refunds to unsuccessful applicants, credits shares to successful investors’ demat accounts, and completes the listing on the BSE SME platform.
| IPO Event | Date |
|---|---|
| IPO Opening Date | 31 July 2026 |
| IPO Closing Date | 4 August 2026 |
| Basis of Allotment | 5 August 2026 (Expected) |
| Refund Initiation | 6 August 2026 (Expected) |
| Shares Credited to Demat Account | 6 August 2026 (Expected) |
| Listing Date | 7 August 2026 (Expected) |
Investors should keep track of these important dates to monitor the IPO allotment process and the commencement of trading on the stock exchange.
G.V. Electricals IPO Reservation
The share allocation has been structured in accordance with the SEBI regulations applicable to SME Book Built public issues.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 50% |
| Non-Institutional Investors (NII) | At least 15% |
| Retail Individual Investors (RII) | At least 35% |
The final allocation under each category depends on the valid applications received during the IPO subscription period.
G.V. Electricals IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (1,000 Shares) | ₹1,30,000 |
| Retail Maximum | 1 Lot (1,000 Shares) | ₹1,30,000 |
| HNI Minimum | 2 Lots (2,000 Shares) | ₹2,60,000 |
The application amount has been calculated using the upper issue price of ₹130 per equity share. Investors should verify the final bid details before submitting their IPO applications.
About G.V. Electricals Limited
G.V. Electricals Limited is an engineering services company engaged in providing operation and maintenance (O&M) solutions for electricity distribution infrastructure. The company undertakes projects related to the maintenance, repair, installation, and upgradation of electrical distribution networks for power utilities, government agencies, and other organisations operating in the energy sector.
Its service portfolio covers maintenance of substations, transformers, distribution lines, overhead and underground electrical networks, feeder systems, and other power distribution assets. Through these services, the company helps improve the reliability, efficiency, and uninterrupted operation of electricity distribution systems.
The company executes projects using trained technical personnel, specialised equipment, and established operational processes. It focuses on delivering projects within scheduled timelines while maintaining quality standards and adhering to applicable safety requirements.
Business Operations
G.V. Electricals Limited operates through a service-based business model focused on electrical infrastructure and power distribution projects.
- Operation & Maintenance Services – The company provides operation and maintenance services for electrical distribution infrastructure to support uninterrupted power supply.
- Distribution Network Projects – It undertakes installation, repair, renovation, and maintenance of overhead lines, underground cables, transformers, feeders, and substations.
- Electrical Infrastructure Development – The company executes electrical engineering projects for utilities, government organisations, and infrastructure developers.
- Project Execution – Experienced engineers and technical teams manage project planning, execution, testing, commissioning, and maintenance activities.
- Infrastructure Upgradation – The company participates in projects aimed at strengthening and modernising electricity distribution systems.
- Quality & Safety Focus – Standard operating procedures, technical inspections, and safety practices are followed throughout project execution to maintain service quality.
Industry Overview
India’s power distribution sector continues to expand due to rising electricity demand, urbanisation, industrial development, and ongoing investment in transmission and distribution infrastructure. Government programmes focused on rural electrification, smart metering, feeder separation, and grid modernisation are creating opportunities for companies involved in electrical infrastructure and maintenance services.
Electricity distribution companies continue to invest in upgrading ageing infrastructure, reducing transmission and distribution losses, and improving service reliability. These initiatives require specialised engineering contractors capable of executing operation and maintenance projects efficiently.
Growing renewable energy integration, expansion of power infrastructure, and increasing public and private investment in the electricity sector are expected to support long-term demand for companies providing electrical engineering and maintenance services.
Business Strategy
G.V. Electricals Limited aims to strengthen its market position by expanding its project portfolio, enhancing execution capabilities, and increasing its presence across India’s power distribution sector.
The company plans to improve operational efficiency through investment in modern equipment, skilled manpower, and project management systems. It also intends to participate in additional tenders issued by electricity distribution companies and government agencies to diversify its customer base.
Another important objective is to strengthen long-term client relationships by delivering projects within timelines while maintaining quality and safety standards. The company also focuses on improving resource utilisation, expanding into new geographical markets, and enhancing technical capabilities to support future growth.
By combining engineering expertise, efficient project execution, quality-focused operations, and strategic expansion, G.V. Electricals Limited aims to achieve sustainable long-term growth in India’s evolving power infrastructure industry.
G.V. Electricals IPO Financial Information
The financial performance of G.V. Electricals Limited provides an overview of the company’s revenue growth, profitability, and financial position over recent financial years. Investors should assess these financial figures along with the company’s order book, project execution capabilities, customer base, and valuation before making an investment decision.
G.V. Electricals Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹104.43 Crore | ₹112.03 Crore | ₹131.36 Crore |
| EBITDA | ₹4.04 Crore | ₹6.14 Crore | ₹8.04 Crore |
| Profit Before Tax (PBT) | ₹3.32 Crore | ₹5.47 Crore | ₹6.75 Crore |
| Profit After Tax (PAT) | ₹1.91 Crore | ₹2.80 Crore | ₹4.66 Crore |
The company has reported consistent growth in revenue and profitability over the past three financial years. The improvement has been supported by higher project execution, an expanding customer base, and increasing demand for electrical infrastructure and maintenance services.
G.V. Electricals IPO Key Performance Indicators (KPIs)
The following key performance indicators provide an overview of the company’s profitability, operational efficiency, and financial strength.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 30.24% |
| Return on Capital Employed (ROCE) | 28.11% |
| Return on Net Worth (RONW) | 30.24% |
| EBITDA Margin | 14.33% |
| PAT Margin | 7.88% |
| Debt-to-Equity Ratio | 0.49 |
| Earnings Per Share (EPS) | ₹10.87 |
| Net Asset Value (NAV) Per Share | ₹35.96 |
| Price to Earnings (P/E) | 11.96x |
The financial indicators reflect improving profitability, efficient capital utilisation, and a balanced financial position. Investors should evaluate these metrics together with the company’s valuation, future order pipeline, and long-term business prospects.
Objects of the G.V. Electricals IPO
According to the offer documents, the company proposes to utilise the net proceeds from the fresh issue for the following purposes:
- Repayment or prepayment of certain outstanding borrowings.
- Funding incremental working capital requirements.
- Supporting business expansion and operational growth.
- Meeting general corporate purposes.
The proposed utilisation of IPO proceeds is expected to strengthen the company’s financial position, improve liquidity, support project execution capabilities, and create a foundation for long-term business growth.
G.V. Electricals IPO Listing Performance
The listing performance of an IPO helps investors understand how the company’s shares performed on the day of listing compared to the issue price. Since G.V. Electricals IPO is scheduled to be listed after the completion of the IPO process, the listing details will be updated once trading commences on the BSE SME platform.
| Particular | Details |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 7 August 2026 (Expected) |
| Issue Price | ₹130 Per Share |
| Listing Price | To be Updated After Listing |
| Listing Gain | To be Updated After Listing |
| Listing Gain (%) | To be Updated After Listing |
The listing price will depend on market demand, investor sentiment, prevailing market conditions, and the subscription received during the IPO.
G.V. Electricals IPO Subscription Status
The subscription status shows the demand received from different categories of investors during the IPO bidding period. Since the IPO subscription is yet to commence, the subscription figures will be updated once the bidding process begins.
G.V. Electricals IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be Updated |
| Non-Institutional Investors (NII) | To be Updated |
| Retail Individual Investors (RII) | To be Updated |
| Total Subscription | To be Updated |
The subscription data will be updated daily during the IPO period and the final subscription figures will be available after the issue closes.
G.V. Electricals IPO Review
G.V. Electricals Limited operates in the power infrastructure sector by providing operation and maintenance services for electricity distribution networks. The company undertakes projects involving substations, transformers, distribution lines, feeder systems, and other electrical infrastructure for government bodies and power distribution companies.
The company benefits from its experience in executing electrical infrastructure projects, technical workforce, long-term customer relationships, and increasing opportunities arising from investments in India’s power transmission and distribution sector. Government initiatives aimed at strengthening electricity infrastructure, reducing distribution losses, and expanding power connectivity are expected to support future demand for such services.
However, the business is exposed to risks associated with project execution, dependence on government and utility contracts, intense competition in the engineering sector, fluctuations in raw material and labour costs, and delays in project approvals or payments. Any slowdown in infrastructure spending could also affect future business performance.
Overall, G.V. Electricals Limited operates in a sector with favourable long-term growth prospects supported by rising investment in power infrastructure. Investors should evaluate the company’s financial performance, order book, project execution capabilities, valuation, and industry outlook before making an investment decision.
G.V. Electricals IPO Strengths
G.V. Electricals Limited possesses several strengths that support its business operations and future growth.
- Established Presence in Power Distribution Services – The company has experience in operation, maintenance, and execution of electrical infrastructure projects.
- Experienced Technical Team – Skilled engineers and field personnel support efficient project execution and maintenance activities.
- Diversified Service Portfolio – The company undertakes maintenance, installation, repair, testing, and infrastructure upgradation projects.
- Strong Industry Growth Potential – Increasing investment in electricity distribution, smart grid projects, and rural electrification creates long-term opportunities.
- Focus on Quality and Timely Execution – The company follows systematic project management practices to complete projects within scheduled timelines.
- Long-Term Customer Relationships – It serves electricity distribution companies and government organisations through recurring project assignments.
G.V. Electricals IPO Risk Factors
Investors should also consider the potential risks associated with the company’s business before investing.
- Dependence on Government and Utility Contracts – A significant portion of revenue depends on contracts awarded by government agencies and power utilities.
- Project Execution Risk – Delays in project completion, approvals, or execution may affect revenue recognition and profitability.
- Competitive Industry – The company faces competition from several engineering and infrastructure service providers.
- Working Capital Intensive Business – Engineering projects generally require substantial working capital for procurement, labour, and execution.
- Raw Material and Labour Cost Inflation – Rising input costs may impact operating margins if costs cannot be passed on to customers.
- Regulatory and Policy Risks – Changes in government policies, tender conditions, or regulations governing the power sector could influence future business operations.
Investors should evaluate these strengths and risks together with the company’s financial performance, project pipeline, valuation, and long-term growth strategy before making an investment decision.
G.V. Electricals IPO Promoters
G.V. Electricals Limited is promoted by experienced professionals with expertise in electrical engineering, power distribution, and infrastructure project execution. The promoters have played an important role in expanding the company’s operations, strengthening its project execution capabilities, and building long-term relationships with power distribution companies and government agencies. They continue to focus on business growth, operational efficiency, and quality service delivery.
G.V. Electricals IPO Promoters Details
| Promoter | Designation |
|---|---|
| G. Venkata Ramana | Promoter |
| G. V. Lakshmi | Promoter |
G.V. Electricals IPO Management Team
The company is managed by professionals with experience in engineering, project execution, finance, operations, and corporate governance. The management team oversees business development, contract execution, quality control, and strategic expansion.
| Name | Designation |
|---|---|
| G. Venkata Ramana | Chairman & Managing Director |
| G. V. Lakshmi | Whole-time Director |
| P. Srinivasa Rao | Independent Director |
| M. Ramesh Babu | Independent Director |
| K. Suresh Kumar | Independent Director |
| K. Prasad | Chief Financial Officer |
| P. Swathi | Company Secretary & Compliance Officer |
G.V. Electricals IPO Registrar Details
The registrar to the issue is responsible for processing IPO applications, finalising the basis of allotment, initiating refunds, crediting shares to successful applicants’ demat accounts, and resolving investor-related queries.
| Particular | Details |
|---|---|
| Registrar Name | Mudra RTA Ventures Private Limited |
| Website | www.mudraindia.com |
| IPO Allotment Status | https://www.mudraindia.com |
| Email ID | [email protected] |
| Contact Number | +91-44-2846 0390 |
G.V. Electricals IPO Lead Manager Details
The Book Running Lead Manager manages the public issue, ensures regulatory compliance, and coordinates the IPO process.
| Particular | Details |
|---|---|
| Lead Manager | Seren Capital Private Limited |
| Website | www.serencapital.com |
| Email ID | [email protected] |
| Contact Number | +91-22-6900 2200 |
G.V. Electricals Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | G.V. Electricals Limited |
| Registered Office | Hyderabad, Telangana, India |
| Website | www.gvelectricals.com |
| Email ID | [email protected] |
How to Check G.V. Electricals IPO Allotment Status
Applicants can check their allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through Mudra RTA Ventures Private Limited
- Visit the official website of Mudra RTA Ventures Private Limited.
- Open the IPO allotment status page.
- Select G.V. Electricals IPO from the list of available IPOs.
- Enter your PAN, Application Number, or DP Client ID.
- Click Submit to view your allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select G.V. Electricals IPO from the issue list.
- Enter your Application Number, PAN, or DP Client ID.
- Complete the verification process.
- Click Search to check your allotment status.
Frequently Asked Questions (FAQs)
What is G.V. Electricals IPO?
G.V. Electricals IPO is a Book Built SME public issue of G.V. Electricals Limited comprising a fresh issue and an offer for sale of equity shares.
What is the issue price of the G.V. Electricals IPO?
The issue price of the IPO is ₹130 per equity share.
What is the price band of the G.V. Electricals IPO?
The price band is ₹123 to ₹130 per equity share.
When will the G.V. Electricals IPO open and close?
The IPO opens on 31 July 2026 and closes on 4 August 2026.
What is the total issue size of the G.V. Electricals IPO?
The total issue size of the IPO is ₹42.25 crore.
What is the minimum lot size for the G.V. Electricals IPO?
Retail investors can apply for a minimum of 1 lot comprising 1,000 equity shares.
Where will G.V. Electricals shares be listed?
The company’s equity shares are proposed to be listed on the BSE SME platform.
Who is the registrar for the G.V. Electricals IPO?
Mudra RTA Ventures Private Limited is the official registrar to the issue.
Who is the Book Running Lead Manager for the G.V. Electricals IPO?
Seren Capital Private Limited is the Book Running Lead Manager.
What are the objects of the G.V. Electricals IPO?
The company proposes to utilise the net proceeds from the fresh issue for repayment of certain borrowings, funding working capital requirements, and general corporate purposes.
