IPO Snapshot
Key metrics and details at a glance.
Price Band
₹130
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,30,000
Issue Size
₹42.25 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.02%
QIB Quota
49.83%
NII Quota
15.15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
G V Electricals Ltd
Business model, operations, and market positioning.
About the Company
Incorporated in 1985, we are a power distribution infrastructure services provider engaged in providing operation and maintenance ("O&M") and allied support services primarily to electricity distribution utilities in India. Our services support such utilities in the operation, maintenance and field-level execution of works relating to their electricity distribution networks ("Network(s)") and associated infrastructure, including distribution lines, feeders, substations, poles and cables forming part of electricity distribution systems used for distribution of electricity to consumers.
Company History
Our Company was incorporated as "G.V. Electricals Private Limited" on February 28, 1985, under the provisions of the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Maharashtra. Our Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary General Meeting held on September 01, 2025 and the name of our Company was changed from "G.V. Electricals Private Limited" to "G V Electricals Ltd" vide fresh certificate of incorporation dated November 04, 2025 issued by the Registrar of Companies, Central Processing Centre.
Growth Strategy
- Expansion of Electrical Infrastructure and Network Development Works.
- Geographic Expansion and Deeper Penetration in Existing Regions.
- Strengthening Project Delivery and Execution Readiness.
Promoter Holding (Pre-Issue)
95.65%
Promoter Holding (Post-Issue)
67.99%
Issue Type
Book Building - SME
ISIN
INE1ZGR01024
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 32,50,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of G V Electricals Ltd ("the Company" or "GVEL" or "the Issuer") at an offer price of Rs. 130 per equity share for cash, aggregating to Rs. 42.25 Crores ("Public Offer") comprising of a fresh issue of 30,00,000 equity shares aggregating to Rs. 39 (the "Fresh Issue") and an offer for sale of 2,50,000 equity shares by the promoter selling shareholders, Jawed Akhtar and Sunil Lakshman Vatsa ("Offer For Sale") aggregating to Rs. 3.25 Crores (hereinafter refferd as "Promoter Selling Shareholders") out of which 2,80,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 130 per equity share for cash, aggregating to Rs. 3.64 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 29,70,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 130 per equity share for cash, aggregating Rs. 38.61 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 28.81% and 26.33% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 130/- per equity share of face value of Rs. 10/- each. The floor price is 13.00 times the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.
*Subject to approvals and market conditions.
- 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.
- 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.