Infra Power Player GV Electricals Gears Up for IPO Amid Solid Operational Surge
Delhi-based power distribution infrastructure services provider GV Electricals is set to debut its maiden public issue on July 31. The company aims to capitalize on market interest while offering investors insight into the robust growth trajectory of the sector. The IPO is priced with a band ranging from Rs 123 to Rs 130 per share.The listing marks GV Electricals’ second IPO filing on the same day, alongside the Fusion Klassroom Edutech issue. Seren Capital has been appointed as the book-running lead manager for this public offering. The allotment process is anticipated to be finalized by August 5, with trading expected to commence on the BSE SME platform on August 7.
Details of the Initial Public Offering
The company plans to raise Rs 42.25 crore through the IPO. This fundraising effort involves a fresh issue of 30 lakh shares, valued at Rs 39 crore. Additionally, there is an offer-for-sale (OFS) component comprising 2.5 lakh shares, which aggregates to Rs 3.25 crore.Promoter Jawed Akhtar and Sunil Lakshman Vatsa are participating in the OFS, with each promoter selling 1.25 lakh shares. The anchor book for the IPO is scheduled to open on July 30, preceding the public issue closing date of August 4.
GV Electricals Operational Scope and Services
Incorporated in 1985, GV Electricals provides specialized operational and maintenance (O&M) services across India’s electricity distribution utilities. The company’s operations are structured around three core service verticals.These verticals include network operation and maintenance within the power sector. Additionally, they manage electrical infrastructure and network development works. A third key area involves metering and meter management services.
Financial Highlights Show Significant Profit Growth
The financial performance of GV Electricals has shown substantial improvements in recent fiscal years. For the year ending March 2026, the company reported a profit of Rs 10.5 crore, marking a 124.5 percent growth compared to the previous year's figure of Rs 4.7 crore.Revenue for the same period saw a strong rise, growing by 19.2 percent to reach Rs 156.4 crore. EBITDA (earnings before interest, tax, depreciation, and amortisation) more than doubled. It rose from Rs 8.04 crore to Rs 17.04 crore in the latest reporting period.
Management of Proceeds and Corporate Use
The company has detailed how the net proceeds from the fresh issue will be allocated. A significant portion of the funds, amounting to Rs 6 crore, is dedicated to the repayment of existing borrowings. The largest allocation, totaling Rs 22 crore, is earmarked for working capital requirements.The remaining amount from the IPO funds is designated for general corporate purposes. Proceeds generated from the OFS component will be received directly by the selling promoters.
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