G.V. Electricals IPO Subscription Day 5: NII Demand Remains Red Hot As Issue Gets Booked 110.06 Times

Mumbai, August 06: Investor appetite for the G.V. Electricals IPO showed little sign of cooling on the fifth day of bidding, with the ₹42.25 crore SME public issue drawing bids for 110.06 times the shares on offer by 10:44 AM on August 6. Although the subscription multiple was largely steady compared with the previous session, demand remained exceptionally strong across investor categories, keeping the issue among the most heavily subscribed SME offerings in the market.

The IPO, which opened on July 31, 2026, will close on August 7, 2026 after its subscription period was extended. The issue consists of a fresh issue and an offer for sale, with shares offered at a final issue price of ₹130 per share.

NII Investors Continue To Dominate

The biggest contributor to the issue remained the non-institutional investor (NII) category, which was subscribed 232.68 times. Within this segment, bids from larger high-net-worth investors stayed particularly robust, with the bNII portion subscribed 280.81 times, while the sNII category stood at 136.41 times.

Retail investors also maintained strong interest in the issue. The retail quota was booked 84.01 times, reflecting sustained participation from individual investors despite the issue already being heavily oversubscribed.

Institutional demand also remained healthy, with the QIB (excluding anchor investors) portion subscribed 62.61 times.

G.V. Electricals IPO Subscription Status Day 5

The IPO had received applications for nearly 22.91 crore shares against around 20.82 lakh shares available for subscription (excluding anchor and market maker portions), underlining the strong demand seen throughout the bidding period.

Issue Details

G.V. Electricals is raising ₹42.25 crore through:

• Fresh Issue:27.20 lakh shares aggregating ₹35.00 crore
• Offer for Sale:2.50 lakh shares aggregating ₹3.25 crore

The IPO has been priced at ₹130 per share. Investors were required to apply for a minimum of 2,000 shares, translating into a minimum investment of ₹2,60,000 for the retail category.

Important Dates

• IPO Opens: July 31, 2026
• IPO Closes (Extended): August 7, 2026
• Expected Allotment: August 10, 2026
• Refund Initiation: August 11, 2026
• Shares Credited: August 11, 2026
• Expected Listing: August 12, 2026

About G.V. Electricals

G.V. Electricals provides power distribution infrastructure services and primarily caters to electricity distribution utilities across India. The company operates in network operation and maintenance, electrical infrastructure development, and metering services, supporting power distribution systems across multiple voltage levels.

Conclusion

With one trading session left before the book closes, G.V. Electricals IPO has already crossed the 110-times subscription mark, driven by extraordinary demand from non-institutional investors and strong retail participation. The final day of bidding will determine whether the issue can extend its already impressive subscription levels before the allotment process begins next week.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/gv-electric-anchor-list.pdf