Archive · 31 Jul 2026
GV Electricals IPO Day 1: 21% Booked, GMP Rising
GV Electricals, a company that helps power companies in India, is selling shares to the public.
The sale started on July 31 and will finish on August 4.
On the first day, only 21% of the shares were bought.
The price people are willing to pay in the market is higher than the official price, so the shares might trade at about ₹155 when they start on the stock exchange.
The company made a lot more money last year, and it plans to use the money from the sale to pay off some loans and keep the business running smoothly.
GV Electricals IPO launched 31 July, ends 4 Aug, price band ₹123‑130.
Day‑1 subscription at 21% of 32.5 lakh shares; retail 36%, NII 16%.
Grey‑market premium up to ₹25, estimated listing price ₹155 (~19% above IPO).
FY26 net profit rose 124.5% to ₹10.5 crore; revenue up 19.2% to ₹156.4 crore.
Proceeds: ₹6 crore to repay debt, ₹22 crore for working capital, rest for corporate.
- Who
- GV Electricals and its promoters Jawed Akhtar and Sunil Lakshman Vatsa
- What
- Initial public offering of 32.5 lakh equity shares
- When
- 31 July – 4 August 2024, allotment 5 August, listing 7 August
- Where
- India, listed on the BSE SME platform
- Why
- To raise capital for debt repayment, working capital and general corporate purposes
- IPO price band
- ₹123-130 per share
- Issue size
- 32.5 lakh equity shares
- Day‑1 subscription
- 21% of shares
- Grey‑market premium
- ₹18-25, estimated listing price ₹155
- FY26 net profit
- ₹10.5 crore (124.5% YoY)
- Listing date
- 7 August on BSE SME platform