G.V. Electricals IPO Subscription Status Day 2: Issue Subscribed 9.90 Times As Retail And NII Demand Remains Strong

Mumbai, August 03: The G.V. Electricals IPO continued to receive a strong response from investors on the second day of bidding, with the SME public issue subscribed 9.90 times by late morning. Robust participation from retail investors and non-institutional investors (NIIs), along with healthy interest from qualified institutional buyers (QIBs), kept the issue comfortably oversubscribed.

According to exchange data available till 11:44 AM, the ₹42.25 crore IPO received bids for 2.06 crore shares against 20.82 lakh shares on offer, excluding the market maker portion. The issue had attracted 7,655 applications at the time of the latest update.

With one more day of bidding remaining after today, investors will closely monitor subscription levels across all investor categories ahead of the issue’s closure on August 4, 2026.

G.V. Electricals IPO Subscription Status Day 2

As of 11:44 AM on August 03, the subscription stood at:

Retail investors continued to lead demand with nearly 13 times subscription, while the NII segment also witnessed heavy bidding from both large and small investors. Institutional investors had subscribed their quota more than three times, indicating broad-based participation across investor categories.

Subscription Trend

The issue has recorded a sharp jump in demand from the opening day, reflecting strong investor interest ahead of the final day of subscription.

G.V. Electricals IPO Details

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

• Fresh Issue: 27.20 lakh equity shares aggregating ₹35 crore
• Offer For Sale: 2.50 lakh equity shares aggregating ₹3.25 crore

The issue also includes a market maker reservation of 2.80 lakh shares, taking the total issue size to 32.50 lakh shares.

The IPO is priced in the range of ₹123 to ₹130 per share. Retail investors can apply for a minimum of 2,000 shares, requiring an investment of ₹2,60,000 at the upper price band.

Ahead of the public issue, the company mobilised ₹11.54 crore from anchor investors.

Reservation Break-Up

The net issue has been allocated as follows:

• Qualified Institutional Buyers (QIBs): 49.83%
• Non-Institutional Investors (NIIs): 15.15%
• Retail Individual Investors (RIIs): 35.02%

Key IPO Dates

• IPO Opens: July 31, 2026
• IPO Closes: August 4, 2026
• Expected Allotment: August 5, 2026
• Refunds/Unblocking: August 6, 2026
• Shares Credited To Demat Accounts: 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 to electricity distribution utilities across India. The company undertakes operation and maintenance services, electrical infrastructure development, metering and meter management solutions, and supports distribution networks across multiple voltage levels through field operations, inspections and maintenance activities.

Conclusion

The G.V. Electricals IPO has witnessed strong demand by Day 2, with the issue subscribed 9.90 times as retail, NII and institutional investors all recorded healthy participation. With another trading session remaining before the IPO closes, market participants will watch whether subscription levels continue to strengthen ahead of allotment later this week.

Source:

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