GV Electricals has opened its initial public offering to investors, with the issue securing 21% subscription by mid-day on its first day of trading.
The IPO, which commenced on Friday, July 31, runs through Tuesday, August 4, and is priced within a band of ₹123 to ₹130 per equity share, carrying a face value of ₹10.
The company aims to raise ₹42.25 crore through the public issue.
Subscription levels remain mixed in the early session, reflecting cautious initial interest from investors.
Market sentiment appears positive, with analysts noting upward pressure on the grey market premium (GMP), suggesting potential upside for subscribers if demand strengthens over the remaining days.
The IPO is being marketed as an entry point into the Indian electrical components sector, which has seen steady growth driven by infrastructure and housing demand.