G V Electricals IPO GMP Today

G V Electricals Limited is a power distribution infrastructure services provider engaged in providing operation and maintenance (O&M) and allied support services to electricity distribution utilities in India. Incorporated in 1985, the company operates across three business verticals: Network Operation and Maintenance Services, Electrical Infrastructure and Network Development Works, and Metering and Meter Management Services. Its services include maintenance of electricity distribution networks, substations, feeders, poles, and cables; execution of electrical and civil infrastructure works; and metering-related activities such as meter installation, replacement, testing, and reading. The company undertakes projects through contracts awarded by electricity distribution utilities, primarily through competitive tendering processes, as well as direct work orders from certain private sector clients. Its operations involve deploying field personnel, including supervisors, technicians, and linemen, supported by operational vehicles, tools, and equipment to carry out maintenance, inspection, and restoration activities across designated service areas. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment of a portion of certain borrowings availed by the company — Rs 6 crore Funding of working capital requirements — Rs 22 crore General corporate purposes.