G.V. Electricals IPO Subscription Surges 33.56 Times On Final Day As Retail, NII Demand Remains Strong

Mumbai, August 04: Following the close of most of the bidding period, investor interest in the G.V. Electricals IPO remained exceptionally strong, with the BSE SME public issue attracting heavy demand from retail as well as non-institutional investors on the final day of subscription. As of 10:39 AM on Tuesday, the ₹42.25 crore IPO had been subscribed 33.56 times, while bidding will continue until the close of market hours today.

The issue has seen a sharp acceleration in demand over the last two sessions. After closing Day 2 with more than 22 times subscription, fresh bids on the final day further boosted overall demand, particularly from high-net-worth investors.

According to exchange data, investors had placed bids for 6.99 crore equity shares against 20.82 lakh shares available for subscription, excluding the market maker reservation. The IPO had received 26,984 applications by the latest update.

G.V. Electricals IPO Subscription Status Today

Retail investors continued to dominate the issue, with their reserved quota subscribed 43.36 times. Demand from non-institutional investors remained even stronger at 50.44 times, while the Qualified Institutional Buyers (excluding anchor investors) portion stood at 3.52 times.

Day-Wise Subscription Trend

The subscription trend reflects steady momentum throughout the offer period, with bidding gaining significant pace after the opening day and continuing to strengthen on the final day.

G.V. Electricals IPO Details

G.V. Electricals is looking to raise ₹42.25 crore through a combination of:

• Fresh Issue: 30 lakh equity shares aggregating ₹39.00 crore
• Offer for Sale: 2.50 lakh equity shares aggregating ₹3.25 crore

The IPO is priced in the range of ₹123 to ₹130 per share. Investors can bid in lots of 1,000 shares, requiring a minimum investment of ₹2,60,000 at the upper price band.

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

Reservation Structure

The net issue has been reserved as follows:

• Qualified Institutional Buyers (QIB): 49.83%
• Non-Institutional Investors (NII): 15.15%
• Retail Investors: 35.02%

Important Dates

• IPO Closing Date: August 4, 2026
• Expected Basis of Allotment: August 5, 2026
• Refunds / Fund Unblocking: August 6, 2026
• Credit of Shares: August 6, 2026
• Tentative Listing Date: August 7, 2026 on the BSE SME platform

About G.V. Electricals Ltd.

Established in 1985, G.V. Electricals provides power distribution infrastructure services for electricity utilities across India. The company operates across three core verticals: operation and maintenance services, electrical infrastructure and network development works, and metering and meter management services. It supports electrical distribution systems across multiple voltage levels, including 33 kV, 11 kV and LT networks.

Conclusion

G.V. Electricals IPO has emerged as one of the stronger-subscribed SME public issues in recent weeks, with robust participation from both retail and non-institutional investors driving demand well above 33 times by Tuesday morning. With bidding set to close later today, the final subscription figures will determine the overall response before the basis of allotment is expected to be finalised on August 5, 2026.

Source;

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