G V Electricals Limited is an electrical infrastructure service provider engaged in the execution, operation, and maintenance of power distribution projects across India. The company primarily serves electricity distribution utilities, government departments, and public sector undertakings (PSUs), providing end-to-end services for strengthening and maintaining power distribution networks.
The company operates across three key business verticals:
- Network Operation & Maintenance (O&M) Services
- Electrical Infrastructure & Network Development Works
- Metering & Meter Management Services
Its services include the operation and maintenance of electrical distribution networks, substations, overhead and underground lines, fault rectification, network inspection, installation and commissioning of electrical infrastructure, and meter-related services. The company supports power distribution systems across 33 kV, 11 kV, and LT voltage levels.
The company has received ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and SA 8000:2014 certifications for quality, environmental, occupational health & safety, and social accountability management systems.
As of June 30, 2026, it had an order book of 34 ongoing projects worth approximately ₹553.70 crore.
As of May 31, 2026, the company employed 4,473 personnel, including 4,332 permanent employees and 141 contract workers across its offices and project sites.
G.V.Electricals IPO – Details
| IPO Opening Date | 31 July 2026 |
| IPO Closing Date | 04 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 32,50,000 Shares Worth ₹42.25 Crore Fresh Issue: 30,00,000 Shares Worth ₹39.00 Crore ffer For Sale: 2,50,000 Shares Worth ₹3.25 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹123 – ₹130 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Mudra RTA Ventures Private Limited |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
G.V.Electricals IPO – Date Schedule
| IPO Open Date | 31 July 2026 |
| IPO Close Date | 04 August 2026 |
| Basis of Allotment | 05 August 2026 |
| Initiation of Refund | 06 August 2026 |
| Credit of Shares to Demat | 06 August 2026 |
| IPO Listing Date | 07 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 04, 2026 |
G.V.Electricals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,60,000 |
| Retail (Max) | 2 | 2000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,40,000 |
Competitive Strength
- Presence Across Electrical Infrastructure Activities with Major Revenue from O&M Services.
- Order Book Providing Revenue Visibility.
- Majority of Revenue from Repetitive Customers.
- Experienced Management Team and Manpower Strength.
Company Promoters
- Jawed Akhtar
- Sunil Lakshman Vatsa
- Furquan Akhtar
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹112.03 Cr | ₹106.57 Cr | ₹2.80 Cr | ₹4.95 Cr |
| 31 March 2025 | ₹131.36 Cr | ₹124.61 Cr | ₹4.66 Cr | ₹7.84 Cr |
| 31 March 2026 | ₹156.66 Cr | ₹142.36 Cr | ₹10.47 Cr | ₹16.47 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 36.81% |
| ROCE | 31.13% |
| Debt/Equity | 0.49 |
| RoNW | 31.09% |
| PAT Margin | 6.69% |
| EBITDA Margin | 10.90% |
| Price to Book Value | 3.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.64 | 9.28 |
| P/E (x) | 10.28 | 14.01 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Repayment of a portion of certain borrowings availed by the Company. | ₹6.00 |
| Funding of Working Capital Requirements. | ₹22.00 |
| General Corporate Purpose. |
✅Strengths
- Diversified power distribution service portfolio.
- Strong order book provides revenue visibility.
- Experienced workforce with industry certifications.
- Long-standing relationships with utility clients.
⚠️Risks
- High dependence on government and PSU contracts.
- Project delays or cost overruns can impact margins.
- Working capital-intensive business.
- Customer concentration may affect revenue.
G.V.Electricals IPO Promoter Holding
| Pre-Issue Share Holding | 95.65% |
| Post Issue Share Holding | 67.99% |
G.V.Electricals IPO Prospectus
Company Contact Information
| G.V.Electricals Limited Unit no 324, 3rd floor, Plot no 416, Hammersmith Industrial Premises Co-op Society Ltd, Off. Sitladevi Temple Road, Mahim, Mumbai, Maharashtra, 400016 Phone: 011-43083804 Email: info@gvelectricals.com Website: https://gvelectricals.com/ |
G.V.Electricals IPO Registrar
| Mudra RTA Ventures Private Limited Phone: 9870297591/9870297592 Email: ipo@mudrarta.com Website: https://mudrarta.com/ipo.php |
G.V.Electricals IPO Lead Manager(s)
| 1. Seren Capital Pvt. Ltd. |
G.V.Electricals IPO FAQ
| What is the G.V.Electricals IPO? G.V.Electricals IPO is an SME IPO. The issue is priced at ₹123 – ₹130 per equity share. The IPO is to be listed on BSE SME. |
| When will G.V.Electricals IPO open? The IPO is to open on 31 July 2026 for QIB, NII, and Retail Investors. |
| What is G.V.Electricals IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the G.V.Electricals IPO Size? Fusion G.V.Electricals IPO size is ₹42.25 Crore. |
| What are the G.V.Electricals IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,60,000, while the maximum bid is 2000 Shares for ₹2,60,000. |
| What is the G.V.Electricals IPO Allotment Date? G.V.Electricals IPO allotment date is 05 August 2026. |
| What is the G.V.Electricals IPO Listing Date? G.V.Electricals IPO listing date is 07 August 2026. The IPO is to be listed on the BSE SME. |
