G V Electricals IPO Day 2 Live: Retail & NII Surge

G V Electricals IPO has entered its second day of subscription, maintaining strong momentum with an overall subscription of 21.79x. Investors are actively participating across categories, particularly in the Retail and Non-Institutional segments.

Subscription Status

The IPO saw varied subscription levels on Day 2. While the Qualified Institutional Buyer (QIB) category stands at 3.52x, the Retail category has surged to 28.71x. Non-Institutional Buyers also showed strong interest, with bHNI at 31.28x and sHNI at 26.88x. The Employee category remains unsubscribed at 0x.

Category	Subscription Multiple
QIB	3.52 x
Employees	0 x
Retail	28.71 x
Non-Institutional Buyers (bHNI)	31.28 x
Non-Institutional Buyers (sHNI)	26.88 x
Total Subscribed	21.79 x

About the Company

G V Electricals is the issuer of this public offering. The company operates in the electrical sector. Key financial metrics and detailed business operations are outlined in the prospectus filed with regulatory authorities.

Key Dates

Investors should note the following details regarding the offer:

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

The issue remains open for subscription until the close date. Allotment and listing dates will be communicated as per the standard timeline post-subscription closure.

G V Electricals IPO has opened for subscription today, marking a significant entry for the electrical products manufacturer into the public markets. On Day 1 of the issue, the IPO has garnered an overall subscription of 2.19 times. The Qualified Institutional Buyers (QIB) segment has shown strong interest, subscribing 3.52 times their quota, while Non-Institutional Buyers (NII) have subscribed 2.6 times. Retail investors have contributed to a 1.63x subscription in their category.

Subscription Status

The following table details the subscription status across various investor categories on Day 1:

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	3.52 x
Non-Institutional Buyers (bHNI)	2.6 x
Non-Institutional Buyers (sHNI)	0.03 x
Retail	1.63 x
Employees	0 x
Total Subscribed	2.19 x

About the Company

G V Electricals is engaged in the manufacturing and distribution of electrical products. The company has established a presence in its sector, leveraging its operational strengths to serve its customer base. The IPO aims to raise capital to support future growth initiatives and strengthen its market position.

Offer Details

The key details of the G V Electricals IPO are as follows:

Price Band: ₹123.00 - ₹130.00 per share
Issue Size: ₹24,60,00,00,000 (Min) - ₹50,00,00,00,000 (Max)
Minimum Bid Quantity: 2000 shares
IPO Dates: Opened today

The issue size ranges from ₹24,60,00,00,000 to ₹50,00,00,00,000, depending on the final pricing and allotment. Investors can apply with a minimum bid quantity of 2000 shares.