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G V Electricals Ltd
G V Electricals Ltd
Registered Office : #.324 3rd Flr #.416 Hamm.Indu-,Pre.Co-op Soc.Ltd Narayan Pat.,Mumbai Maharashtra 400016 Phone : 011 4308 3804
Fax :
Email : company.secretary@gvelectricals.com
Website : www.gvelectricals.com
Initial public offer of 32,50,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of G V Electricals Ltd ("the Company" or "GVEL" or "the Issuer") at an offer price of Rs. 130 per equity share for cash, aggregating to Rs. 42.25 Crores ("Public Offer") comprising of a fresh issue of 30,00,000 equity shares aggregating to Rs. 39 (the "Fresh Issue") and an offer for sale of 2,50,000 equity shares by the promoter selling shareholders, Jawed Akhtar and Sunil Lakshman Vatsa ("Offer For Sale") aggregating to Rs. 3.25 Crores (hereinafter refferd as "Promoter Selling Shareholders") out of which 2,80,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 130 per equity share for cash, aggregating to Rs. 3.64 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 29,70,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 130 per equity share for cash, aggregating Rs. 38.61 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 28.81% and 26.33% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 130/- per equity share of face value of Rs. 10/- each. The floor price is 13.00 times the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.
Opens On
Closes On
31-Jul-2026
07-Aug-2026
Application
Allotment
130.00
0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 1000.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
33.49
42.25
11.28
130.00
Seren Capital Private Limited
- Repayment of a portion of certain borrowings availed by its Company
- Funding of Working Capital Requirements
- General corporate purposes
- Jawed Akhtar
- Sunil Lakshman Vatsa
- Furquan Akhtar
- BSE - SME
- Mudra RTA Ventures Pvt Ltd