G V Electricals IPO Day 2 Live: Total subscribed 109.8x; NII booked over 285x

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.

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.