Issue Price
₹130
Per Share
GMP
+₹26
+20% Grey Market
Est. Listing
₹156
Expected Price
Min. Application
₹260,000
2 lots × 1000 shares
Incorporated in1985, G.V. Electricals Limited is an power distribution infrastructure service provider that provides operation, maintenance, and support services mainly to India's electricity distribution utilities.The company operates in three business verticals:-Network Operation and Maintenance (“O&M”) Services,Electrical Infrastructure and Network Development Works, andMetering and Meter Management Services.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 June 30, 2026, the company’s order book includes 34 ongoing projects valued at about ₹ 553.70 crores.As of May 31 , 2026, the Company had 4,473 employees, including 4,332 permanent staff and 141 contract workers across offices and projects.Competitive StrengthPresence Across Electrical Infrastructure Activities with Major Revenue from O&M ServicesOrder Book Providing Revenue VisibilityMajority of Revenue from Repetitive CustomersExperienced Management Team and Manpower Strength
G.V.Electricals Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1,480,000 | — | ₹19.24 Cr | 36.50x |
| NII / HNI | 450,000 | — | ₹5.85 Cr | 276.26x |
| Retail (RII) | 1,040,000 | — | ₹13.52 Cr | 231.52x |
| Market Maker | 280,000 | — | ₹3.64 Cr | — |
| TOTAL | 2,970,000 | 100.00% | ₹38.61 Cr | 141.12x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹130,000 |
| Retail (Max) | 13 | 13,000 | ₹1,690,000 |
| sNII (Min) | 14 | 14,000 | ₹1,820,000 |
| bNII (Min) | 68 | 68,000 | ₹8,840,000 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 156.66 | 131.36 | 112.03 |
| EBITDA | 17.05 | 8.04 | 6.14 |
| Profit After Tax (PAT) | 10.47 | 4.66 | 2.80 |
| Net Worth | 33.67 | 23.20 | 17.05 |
| Total Assets | 78.40 | 51.43 | 42.06 |
| Reserves & Surplus | 25.39 | 23.16 | 17.01 |
| Total Borrowings | 16.47 | 7.84 | 4.95 |