G V Electricals IPO Day 2 Live: Issue subscribed 112.44x; NII booked over 277x

G V Electricals IPO witnessed robust investor interest on Day 2, with the issue being subscribed 112.44 times cumulatively. The Non-Institutional Buyers (bHNI) category emerged as the frontrunner, booking a massive 277.77x subscription, signaling strong demand from high-net-worth individuals.

Subscription Status

The IPO saw significant participation across all categories on Day 2. While the QIB segment subscribed 58.45x, the Retail category also showed strong interest with 91.61x. The sHNI segment within NII booked 139.35x. The Employee category remained unsubscribed at 0x.

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	58.45 x
Non-Institutional Buyers (bHNI)	277.77 x
Non-Institutional Buyers (sHNI)	139.35 x
Retail	91.61 x
Employees	0 x
Total Subscribed	112.44 x

About the Company

G V Electricals is offering shares to the public through this Initial Public Offering. The company operates in the electrical sector. Key financial metrics and detailed business operations are outlined in the offer documents. Investors are advised to review the DRHP for comprehensive business details.

Key Dates

The IPO price band is set between ₹123.00000 and ₹130.00000. The minimum bid quantity for investors is 2000 shares. The issue size ranges from ₹246000 to ₹500000. Investors should note the closing date for bidding and subsequent allotment dates as per the official timeline.

G V Electricals IPO witnessed robust participation on Day 2, pushing the cumulative subscription to 109.8x. The issue, priced between ₹123 and ₹130 per share, has seen overwhelming demand from retail and non-institutional investors, indicating strong market confidence in the company's prospects.

Subscription Status

The IPO is currently open for subscription. Below are the detailed subscription figures as of Day 2:

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	62.9 x
Retail	82.07 x
Non-Institutional Buyers (bHNI)	285.87 x
Non-Institutional Buyers (sHNI)	135.05 x
Employees	0 x
Total Subscribed	109.8 x

The Non-Institutional Buyers (NII) segment has emerged as the strongest contributor to the subscription numbers, with bHNI investors subscribing 285.87x and sHNI investors subscribing 135.05x. Retail investors have also shown keen interest, with a subscription multiple of 82.07x. QIBs have subscribed 62.9x so far.

About the Company

G V Electricals is offering shares to the public through an Initial Public Offering. The company operates in the electricals sector. Key details of the issue include a minimum bid quantity of 2000 shares. The IPO size varies between ₹246000 crore and ₹500000 crore based on the final allotment and price discovery within the band.

Key Dates

Investors should note the following key parameters for the G V Electricals IPO:

Floor Price: ₹123.00000
Ceiling Price: ₹130.00000
Min Bid Qty: 2000
Min IPO Size: 246000
Max IPO Size: 500000

The high subscription multiples across categories suggest that the issue may be fully subscribed before the closing date. Investors are advised to monitor the official exchange websites for updates on allotment and listing dates.