G.V. Electricals IPO Closes Day 3 with 146.61x Subscription, NII Segment Leads Demand
Varda Khade
- 2 min read
Last Updated: 4th August 2026 - 05:15 pm
G.V. Electricals Limited's initial public offering (IPO) was subscribed 146.61 times by 5:24 PM on Day 3, August 4, 2026. The public issue received bids for 30.52 crore shares against 20.82 lakh shares available for subscription. The Non-Institutional Investors (NIIs) category led the demand with a subscription of 243.20 times, followed by the Retail Individual Investors (RIIs) at 150.46 times, while the Qualified Institutional Buyers (QIBs) portion was subscribed 66.42 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of G.V. Electricals IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (July 31) | 3.52 | 2.18 | 1.65 | 2.30 |
| Day 2 (August 3) | 3.52 | 29.99. | 29.33 | 22.13 |
| Day 3 (August 4) | 66.42 | 243.20 | 150.46 | 146.61 |
Here are the subscription details for G.V. Electricals IPO Day 3, as of 5:24 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 8,88,000 | 8,88,000 | 11.54 |
| Market Maker | 1 | 2,80,000 | 2,80,000 | 3.64 |
| QIB | 66.42 | 5,92,000 | 3,93,20,000 | 511.16 |
| NII | 243.20 | 4,50,000 | 10,94,42,000 | 1,422.75 |
| Individual Investors | 160.46 | 10,40,000 | 15,64,80,000 | 2,034.24 |
| Total | 146.61 | 20,82,000 |
30,52,42,000 |
3,968.15 |
Key Highlights – Day 3
- Overall subscription stood at 146.61 times on Day 3 (August 4, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 66.42 times, bidding for 3.93 crore shares.
- Non-Institutional Investors (NIIs) subscribed 243.20 times, placing bids for 10.94 crore shares.
- Retail (Individual) Investors subscribed 150.46 times, bidding for 15.65 crore shares.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 8.88 lakh shares allotted.
- Overall, investors bid for 30.52 crore shares against 20.82 lakh shares available in the public issue.
Key Highlights – Day 2
- Overall subscription stood at 22.13 times on Day 2 (August 3, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 3.52 times.
- Non-Institutional Investors (NIIs) subscribed 29.99 times.
- Retail (Individual) Investors subscribed 29.33 times.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 8.88 lakh shares allotted.
- Overall, the IPO was subscribed 22.13 times on Day 2.
Key Highlights – Day 1
- Overall subscription stood at 2.30 times on Day 1 (July 31, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 3.52 times.
- Non-Institutional Investors (NIIs) subscribed 2.18 times.
- Retail (Individual) Investors subscribed 1.65 times.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 8.88 lakh shares allotted.
- Overall, the IPO was subscribed 2.30 times on the opening day.
About G.V. Electricals Limited
G.V. Electricals Limited is an electrical distribution infrastructure service provider offering operation, maintenance, and support services to electricity distribution utilities across India. The company operates through three key verticals: network operation and maintenance, electrical infrastructure and network development, and metering services. It maintains distribution networks across 33 kV, 11 kV, and LT levels, providing substation operations, line maintenance, fault rectification, and technical workforce deployment, backed by internationally recognised ISO and SA certifications.
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