G.V. Electricals IPO Subscription Status Day 1: Retail Investors Lead As Bidding Opens

Mumbai, July 31:G.V. Electricals IPO opened for public subscription on Friday, with investors beginning to place bids for the ₹42.25 crore SME public issue. Early subscription data showed a cautious start, as retail participation outpaced other investor categories while institutional investors largely stayed on the sidelines during the first half of the opening day.

According to the latest exchange data available till 11:28 AM, the IPO was subscribed 0.21 times overall. The retail investor category was booked 0.39 times, reflecting relatively stronger interest from individual investors. The non-institutional investor (NII) portion received 0.08 times subscription, while the QIB (Ex Anchor) category had not received any bids at the time of the update.

The muted opening-day numbers are not unusual for SME IPOs, where institutional investors and several high-net-worth applicants often prefer to submit bids closer to the final day of the issue. Subscription levels typically witness sharper movement during the last two sessions.

G.V. Electricals IPO Subscription Status Day 1

As of 11:28 AM on July 31, the subscription stood at:

• Overall: 0.21 times
• Retail Investors: 0.39 times
• NII: 0.08 times
• bNII: 0.11 times
• sNII: 0.25 times
• QIB (Ex Anchor): 0.00 times

G.V. Electricals IPO Details

The book-built SME IPO comprises a total issue size of ₹42.25 crore, consisting of:

• Fresh Issue: 30,00,000 equity shares aggregating up to ₹39.00 crore
• Offer for Sale: 2,50,000 equity shares aggregating up to ₹3.25 crore

The IPO is priced in the range of ₹123 to ₹130 per share.

Investors can apply for a minimum of 2,000 shares, requiring an investment of ₹2,60,000 at the upper end of the price band. For HNI investors, the minimum application size is 3,000 shares, amounting to ₹3,90,000.

Reservation Break-Up

Out of the net issue:

• QIB: 14,80,000 shares (49.83%)
• NII: 4,50,000 shares (15.15%)
• Retail: 10,40,000 shares (35.02%)

Additionally, 2,80,000 shares have been reserved for the market maker, while anchor investors were allotted 8,88,000 shares, raising ₹11.54 crore ahead of the IPO opening.

Key Dates

• IPO Opens: July 31, 2026
• IPO Closes: August 4, 2026
• Expected Allotment: August 5, 2026
• Refund Initiation: August 6, 2026
• Credit of Shares: August 6, 2026
• Tentative Listing: August 7, 2026 on the BSE SME platform.

About G.V. Electricals Ltd.

Founded in 1985, G.V. Electricals Ltd. provides power distribution infrastructure services for electricity utilities across India. The company operates across three core verticals: network operation and maintenance, electrical infrastructure development, and metering and meter management services. It supports power distribution networks through field operations, substation maintenance, line inspection, fault rectification, and related technical services.

Conclusion

G.V. Electricals IPO has begun its subscription journey with a measured response, led primarily by retail investors during the opening hours. With institutional participation yet to pick up, market participants will closely track subscription trends over the remaining bidding sessions to gauge overall investor appetite before the issue closes on August 4.

Source:

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