Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
G.V. Electricals Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 30, 2026 to raise funds through Initial Public Offer (IPO).
G.V. Electricals Ltd. IPO is a Book Build Issue of 0.33 crore equity shares consisting of a fresh issue of upto 0.30 crore equity shares and an offer for sale (OFS) of upto 0.03 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Seren Capital Pvt.Ltd. is the book running lead manager and Mudra RTA Ventures Private Limited is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to G.V. Electricals IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 32,50,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 30,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 2,50,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 82,79,190 shares |
| Share Holding Post Issue | 1,12,79,190 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than than 15% of the Net Offer |
Incorporated in February 1985, G.V. Electricals Limited offers operation, maintenance, and support services mainly to India's electricity distribution utilities.
The company offers services like operation, maintenance, and field execution of electricity distribution networks and infrastructure, including lines, feeders, substations, poles, and cables used to supply electricity to consumers.
The company operates in three business verticals:-
The company supports maintenance and operations of electrical distribution systems at various voltage levels, including 33 kV, 11 kV, and LT networks. It provides O&M for 33/11 kV substations and deploys technical staff for field tasks like line maintenance, network inspection, and fault rectification.
The company has ISO 9001:2015, 14001:2015, 45001:2018, and SA 8000:2014 certifications for its management systems covering quality, environmental, occupational health and safety, and social accountability.
As of February 28, 2026, the Company’s order book includes 34 ongoing projects valued at about ₹ 594.67 crores.
As of February 28, 2026, the Company had 4,770 employees, including 4,629 permanent staff and 141 contract workers across offices and projects.
Competitive Strength
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 64.41 | 51.43 | 42.06 | 37.10 |
| Total Income | 73.48 | 131.36 | 112.03 | 104.43 |
| Profit After Tax | 3.89 | 1.91 | 2.80 | 4.66 |
| EBITDA | 7.49 | 8.04 | 6.14 | 4.04 |
| NET Worth | 27.09 | 23.20 | 17.05 | 14.25 |
| Reserves and Surplus | 27.05 | 23.16 | 17.01 | 14.21 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | epayment of a portion of certain borrowings availed by the Company; | 5.00 |
| 2 | Funding of Working Capital Requirements | 22.00 |
| 3 | General Corporate Purpose | |
| Total | 27.00 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 23.16% |
| ROCE | 23.88% |
| Debt/Equity | 0.34 |
| RoNW | 20.09% |
| PAT Margin | 3.55% |
| EBITDA Margin | 6.13% |
Lead Manager Reports
G.V. Electricals IPO is a SME IPO of 32,50,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The G.V. Electricals IPO open and close dates are not available as of now.
Mudra RTA Ventures Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in G.V. Electricals IPO using UPI as a payment gateway. Zerodha customers can apply in G.V. Electricals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in G.V. Electricals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The G.V. Electricals IPO dates are not announced. Please check back again after some time.
G.V. Electricals IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in G.V. Electricals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for G.V. Electricals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the G.V. Electricals IPO allotment status.
The G.V. Electricals IPO listing date is not yet announced. The tentative date of listing is .
