G.V.Electricals IPO
G.V.Electricals IPO is an SME IPO raising ₹42 Cr at ₹123 – ₹130 a share. It listed on 12 Aug 2026 at ₹158, +21.5% against its issue price of ₹130, and trades at ₹140 today (+7.8% since issue). It was subscribed 149× in total.
149.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs130. Checked: exchange issue size Rs42 Cr vs derived Rs42.2 Cr (0.5% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 59% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Rajesh Power Services Limited | 10.69× | 35.26% | ₹79.52 |
| Parth Electricals & Engineering Limited | 39.2× | 12.78% | ₹11.35 |
| This issue | 10.3× | 31.09% | ₹12.64 |
derived: cut-off price Rs130 / stated EPS Rs12.64 (FY2025-26 (year ended March 31, 2026), Basic & Diluted EPS as per Restated Financial Statements). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.