G.V. Electricals IPO

G.V. Electricals is a listed issue, offered in a price band of ₹123 to ₹130 per share, in lots of 2000 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹123 – ₹130

Lot size

2000 shares

Minimum investment

₹2,60,000

Issue size

₹42.25 Cr

Fresh issue

₹39 Cr

Offer for sale

₹3.25 Cr

Opens

31 Jul 2026

Closes

7 Aug 2026

Listing date

7 Aug 2026

Registrar

Mudra RTA Ventures Private Limited

Symbol

GVELECTRIC

One lot of 2000 shares at the upper band price of ₹130 is ₹2,60,000 — the smallest retail application this issue accepts.

Lead managers: Seren Capital Private Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 7 Aug 2026, 06:05 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹26

Implied over upper band

20.00%

As of

12 Aug 2026, 07:06 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company has a presence across electrical infrastructure activities with a major revenue contribution from O&M Services.
• The company has an order book that provides revenue visibility.
• The majority of the company's revenue is derived from repetitive customers.
• The company has an experienced management team and manpower strength.
• The company has a substantial portion of its revenue from operations derived from a limited number of customers.
• The company's business operations are dependent on availability and deployment of skilled and semi-skilled manpower.
• The company's business operations are spread across multiple project locations, and any inability to effectively manage and coordinate such geographically dispersed operations may adversely affect its business, results of operations, financial condition and cash flows.

Risk factors disclosed in the offer document

• 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 failure 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 its 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 failure to obtain, renew or update such approvals may adversely affect its business, operations and financial condition.
• The company's ongoing order book may not be indicative of assured revenues, as a significant portion of our projects are executed under rate contracts, maintenance arrangements and work order-based engagements, where actual execution is dependent on issuance of specific work orders and operational requirements of customers.
• The company's business is working capital intensive and any inability to arrange adequate funding or efficiently manage its working capital, including trade receivables, inventories and project-related cash flows, may adversely affect its liquidity, operations and financial condition.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (Mudra RTA Ventures Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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