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G.V. Electricals IPO Subscription Status

SMEListed
GVELECTRIC · · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

G.V. Electricals IPO Details

RegistrarMudra RTA Ventures Private Limited
Lead managersSeren Capital Private Limited
Offer documentDraft (DRHP)
Fresh issue₹39 Cr
Offer for sale₹3.25 Cr
Market cap at the offer₹146.629 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (1,12,79,190 shares) multiplied by the upper end of the price band, ₹130. It is arithmetic on those two filed figures, not a valuation.

G.V. Electricals Financials ₹ in crore

Revenue CAGR+18.3%2024 → 2026 · 2 yrs
Profit CAGR+93.4%2024 → 2026 · 2 yrs
Expenses CAGR+15.6%2024 → 2026 · 2 yrs
Total assets CAGR+36.5%2024 → 2026 · 2 yrs
00%503%1005%1508%20010%202420252026
₹ crore202420252026
Revenue₹112.03₹131.36₹156.66
Expenses₹106.57₹124.61₹142.36
Net profit (PAT)₹2.8₹4.66₹10.47
PAT margin2.5%3.5%6.7%
Total assets₹42.06₹51.43₹78.4

G.V. Electricals Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
95.65%
Promoter
After the IPO
Post-issue · as filed 10 Aug 2026
67.99%
Promoter
Promoter & promoter groupafter the IPO
Holding67.99%
Shares76,69,190
Through the IPO-27.66% · exiting

The founding owners and their group entities.

Breakdown as filed
Individuals / HUF67.99%76,69,190

Post-issue pattern as filed with the BSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

G.V. Electricals IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹130
Individual investor (min)minimum application2,000₹2,60,000

The minimum application is 2,000 shares, ₹2,60,000 at the ₹130 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.

G.V. Electricals IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
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 (7)
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.

How to check G.V. Electricals IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For G.V. Electricals, the registrar is Mudra RTA Ventures Private Limited — allotment is finalised in the days between the issue closing on 07 Aug 2026 and listing on 07 Aug 2026.

RegistrarMudra RTA Ventures Private Limited
You will needPAN, application number or demat ID
Issue closes07 Aug 2026
Listing date07 Aug 2026
Issue opens
Fri, 31 Jul, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 07 Aug, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Mon, 10 Aug, 2026
By Mudra RTA Ventures; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Tue, 11 Aug, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Fri, 07 Aug, 2026
NSE SME · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: Mudra RTA. Your bank will also show the blocked amount released if shares were not allotted.

G.V. Electricals IPO Subscription Status FAQs

How many times is G.V. Electricals IPO subscribed?

As of 7 Aug, 5:00 pm the G.V. Electricals IPO is subscribed 149.31× overall: QIB 91.55×, non-institutional 168.54× and retail 168.69×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the G.V. Electricals IPO retail subscription status?

The retail portion is subscribed 168.69× as of 7 Aug, 5:00 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check G.V. Electricals IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

G.V. Electricals IPO Registrar where allotment and refund queries go

RegistrarMudra RTA Ventures Private Limited

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the G.V. Electricals IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (07 Aug 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Mudra RTA Ventures Private Limited, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹26 on a ₹130 upper band means the grey market is dealing at ₹156.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

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.