G.V. Electricals IPO Subscription Day 6: Demand crosses 134x as investors rush in on final day; issue closes today

Mumbai, Aug 7: The final day of bidding for G.V. Electricals Ltd.’s ₹42.25 crore IPO has turned into a buying frenzy, with investors rushing to submit applications across categories. Backed by strong participation from high-net-worth individuals (HNIs), retail investors and qualified institutional buyers (QIBs), the SME issue had already sailed past 134 times subscription by the afternoon, with several hours of bidding still left. 

The sharp jump in demand reflects the familiar last-day rush often seen in SME IPOs, where a significant portion of bids comes in during the closing session. Since applications remain open until the market closes today, the final subscription figures are expected to change further before bidding ends. 

Subscription crosses 134 times ahead of market close 

According to exchange data available at 3:00 PM, G.V. Electricals IPO was subscribed 134.17 times. 

The issue received bids for 27.93 crore equity shares against 20.82 lakh shares available for subscription. 

Category-wise demand stood at: 

The IPO had attracted 85,849 applications by the latest update. 

Final-day momentum drives subscription higher 

The issue witnessed a steady rise in demand over the subscription period, but the biggest surge came on the final day as investors stepped up bidding across all categories. The NII portion has emerged as the clear leader, attracting bids worth more than 244 times the shares reserved for the segment, while retail investors have also shown exceptionally strong participation. 

Institutional buyers have also joined the issue in sizeable numbers, taking the QIB category beyond 58 times subscription ahead of the close. 

G.V. Electricals IPO Details 

The company aims to raise ₹42.25 crore through: 

• Fresh Issue: 30 lakh equity shares aggregating ₹39 crore  

• Offer for Sale: 2.50 lakh equity shares aggregating ₹3.25 crore  

The IPO has a price band of ₹123 to ₹130 per share, with the issue price fixed at ₹130 per share. Investors can apply for a minimum of 2,000 shares, requiring an investment of ₹2.60 lakh. 

What Happens After the IPO Closes? 

The bidding window will close later today, following which the company is expected to finalise the basis of allotment on August 10, 2026. 

The tentative schedule is: 

• IPO Closes: August 07, 2026  

• Allotment: August 10, 2026  

• Refunds: August 11, 2026  

• Credit of Shares: August 11, 2026  

• Tentative Listing: August 12, 2026  

About G.V. Electricals 

G.V. Electricals operates in the power distribution infrastructure space, offering operation and maintenance services, electrical infrastructure development and metering solutions to electricity utilities. The company is tapping the capital markets to support its growth plans through a mix of fresh capital and an offer for sale. 

Conclusion 

With only the final few hours of bidding remaining, G.V. Electricals IPO has already attracted overwhelming investor interest, led by HNIs and supported by strong retail and institutional participation. Investors will now watch whether subscription climbs even higher before the issue closes later today, after which attention will shift to the allotment process scheduled for August 10. 

Source: 

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