G.V. Electricals IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: August 6, 2026

G.V. Electricals Limited is energizing the primary market with a highly anticipated ₹42.25 Crore SME issue. With a legacy dating back to 1985 as a leading power distribution infrastructure service provider, the company has built a strong foundation offering essential operation, maintenance, and support services to India’s electricity distribution utilities. Now turning to the public markets to fund working capital requirements and the partial repayment of outstanding borrowings, the company is offering shares in the price band of ₹123 to ₹130 ahead of its BSE SME listing. But in a fast-evolving and competitive electrical infrastructure sector, does this stock offer high-voltage listing gains for retail investors? Below, we break down the company fundamentals, key financial metrics, and our Smart Market Insights to help you decide if this IPO belongs in your portfolio.

Incorporated in 1985, G.V. Electricals Limited is an established power distribution infrastructure service provider. The company specializes in offering comprehensive operation and maintenance (O&M) and allied support services to electricity distribution utilities across India.

The company's core operations are strategically divided into three main business verticals:

• Network Operation and Maintenance (O&M) Services: This is the company's primary revenue driver. It involves the continuous operational support and maintenance of electricity distribution networks across varying voltage levels, including critical 33/11 kV substations, feeders, poles, and high-tension cables.
• Electrical Infrastructure and Network Development Works: The company executes complex electrical and civil infrastructure projects. This includes heavy-duty pole erection, underground cable laying, and the construction of essential supporting grid structures.
• Metering and Meter Management Services: G.V. Electricals provides end-to-end metering field services. This vertical covers the installation, routine replacement, precision testing, and reading of energy meters for both residential and commercial grids.

• As of June 30, 2026, G.V. Electricals reported a massive, highly visible order book valued at approximately ₹553.70 crore, comprising 34 ongoing projects.
• Contracts are primarily secured through rigorous competitive tendering processes initiated by state utility companies, alongside direct work orders from private sector clients.
• Operations are heavily reliant on a large, deployed field workforce—including specialized supervisors, technicians, and linemen—supported by a fleet of operational vehicles and testing equipment.

The G.V. Electricals IPO is a book-built issue aiming to raise ₹42.25 Crore. This consists of a Fresh Issue of ₹39.00 Crore and an Offer for Sale (OFS) of ₹3.25 Crore.

The net proceeds from the Fresh Issue will be utilized for the following strategic objectives:

• Funding Working Capital Requirements (₹22.00 Crore / 56.41%): The majority of the funds will be injected directly into the business to ensure smooth, day-to-day liquidity for their massive, capital-intensive infrastructure and O&M projects.
• Repayment of Borrowings (₹6.00 Crore / 15.38%): A portion of the capital will be used to prepay or repay outstanding debt facilities, subsequently reducing interest burdens and strengthening the company's balance sheet.
• General Corporate Purposes (₹11.00 Crore / 28.21%): The remaining balance will be allocated towards unassigned corporate expenditures, contingencies, and future growth initiatives.

(Note: The proceeds from the ₹3.25 Crore Offer for Sale will go directly to the promoter selling shareholders—Jawed Akhtar and Sunil Lakshman Vatsa—and will not accrue to the company.)