GV Electricals made a strong debut on Wednesday, listing at a premium of over 23% to its IPO price. The stock opened at ₹158 on the BSE, representing a 21.54% rise from the upper band of the IPO price of ₹130. According to latest market reports, the shares further rose to trade above their listing price at ₹160.10 apiece on the BSE, demonstrating strong investor confidence in the electrical equipment manufacturer. The stock hit an upper circuit of ₹165.90 and touched a low of ₹154, with about 14.57 lakh shares changing hands on the BSE. The IPO's strong subscription of 149.31 times reflects significant market interest in the power distribution infrastructure service provider.
The GV Electricals IPO was a bookbuild of ₹42.25 crore with a combination of fresh issue of 30 lakh shares aggregating to ₹39.00 crore and offer for sale of 2.50 lakh shares aggregating to ₹3.25 crore. Bidding for the issue started from July 31, 2026 and ended on August 7, 2026, with the allotment finalised on August 10, 2026. The price band for the IPO was set at ₹123 to ₹130 per equity share. The lot size for an application is 1,000 shares, with the minimum amount of investment required by retail investors being ₹2,60,000 (2,000 shares) based on the upper price, while HNI investors needed to invest a minimum of ₹3,90,000 (3 lots of 3,000 shares).
The GV Electricals IPO allotment was finalised on August 10, 2026, according to reports from LiveMint. Investors who applied for the IPO can check their status on the registrar's portal, Mudra RTA Ventures Private Ltd. The subscription status reached 149.31 times on the third bidding day, indicating strong investor interest. Allocated shares were credited to demat accounts by 11 August, while refunds for non-allocated applicants began on the same day. As per chittorgarh.com, investors can check their share allocations and specific quantities in the allocation guidelines.
Incorporated in 1985, GV 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, and Metering and Meter Management Services. According to company information, GV Electricals 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. As of 30 June 2026, the company's order book comprised 34 ongoing projects with a total value of approximately ₹553.70 crore.
As of 31 May 2026, GV Electricals had 4,473 employees, including 4,332 permanent employees and 141 contract workers deployed across its offices and project sites. The company recorded revenue from operations of ₹156.41 crore and net profit of ₹10.46 crore for the period ended 31 March 2026. The company intends to utilise the net proceeds towards repayment of a portion of certain borrowings availed by the company, funding its working capital requirements and general corporate purposes. Ahead of the IPO, GV Electricals raised ₹11.54 crore from anchor investors on July 30, 2026, with the board allotting 8.88 lakh shares at ₹130 per share to 5 anchor investors.
