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IC Electricals Co.Ltd

IC Electricals Co.Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹99
₹99
GMP (Grey Market)
+₹47
+47.47%
Est. Listing Price
₹146
Based on GMP
Min. Investment
₹118,800
1 lot × 1200 shares
Subscribed
291.96x
Over-subscribed
IPO Details
Open Date
03 Jul 2026
Close Date
07 Jul 2026
Allotment
08 Jul 2026
Listing Date
10 Jul 2026
Exchange
NSE SME
Price Band
₹99
Listing Price
See chart
Allotment Status
Price Band
₹99
Per share
Face Value
₹10 per share
 
Lot Size
1,200 Shares
per lot
Issue Size
48,39,600 shares (agg. up to ₹48 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹118,800
1 lot
Pre-IPO Holding
1,34,22,000 shares
Promoters
Post-IPO Holding
1,82,61,600 shares
Promoters
P/E (Pre)
9.42x
 
P/E (Post)
12.82x
 
EPS (Pre)
₹10.50
 
EPS (Post)
₹7.72
 
UPI Deadline
5:00 PM on 07 Jul 2026
Mandate
GMP
+₹47
+47.47% est.
Anchor AllotmentThu, 02 Jul 2026
Basis of AllotmentWed, 08 Jul 2026
Refund InitiationThu, 09 Jul 2026
Demat CreditThu, 09 Jul 2026
Listing DayFri, 10 Jul 2026
UPI Mandate Deadline5:00 PM on 07 Jul 2026
Sale TypeFresh capital only
Net Offer to Public45,97,200 shares (agg. up to ₹46 Cr)
Market Maker Quota2,42,400 shares (agg. up to ₹2 Cr)
Fresh Issue Shares45,97,200 shares (agg. up to ₹46 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
IC Electricals Co.Ltd IPO subscribed 291.96 times overall. Retail: 364.77x. QIB: 97.22x. NII: 761.21x. By 07 Jul 2026.
QIB
97.22x
Over
NII/HNI
761.21x
Over
Retail
364.77x
Over
Total
291.96x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
242,400
₹2.40
QIB
Over 97.22x
2,286,000
₹22.63
NII / HNI
Over 761.21x
698,400
₹6.91
Retail
Over 364.77x
1,612,800
₹15.97
Total 291.96x
4,597,200
100% ₹45.51
IPO Shares Offered
IC Electricals Co.Ltd IPO total issue size: ₹45.51 Cr. Retail: ₹15.97 Cr. QIB: ₹22.63 Cr. NII: ₹6.91 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 2,286,000 ₹22.63
49.73%
Market Maker 242,400 ₹2.40
5.27%
NII 698,400 ₹6.91
15.19%
Retail 1,612,800 ₹15.97
35.08%
Total 4,597,200 ₹45.51
100.00%
* Based on upper price band ₹99 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 698,400 1,612,800 2,311,200
Allotment price (₹) 99 99 99 99 99 99 99 99
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹15.97 ₹15.97
Times subscribed 97.22x 761.21x 364.77x 291.96x
Shares allotted 698,400 1,612,800 2,311,200
No. of allottees
* Upper price band ₹99 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
1,200
Shares per Lot
Issue Price
₹99.00
Upper Band
Min Investment
₹118,800
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,400₹237,600
Retail (Max — 13 Lots)1315,600₹1,544,400
S-HNI (Min — 14 Lots)1416,800₹1,663,200
B-HNI (Min — 68 Lots)6881,600₹8,078,400
* Issue Price ₹99 × Lot Size 1,200 shares
IPO Schedule
Anchor
02 Jul 2026
✓ Done
IPO Open
03 Jul 2026
✓ Done
IPO Close
07 Jul 2026
✓ Done
Allotment
08 Jul 2026
✓ Done
Refunds
09 Jul 2026
✓ Done
Demat Credit
09 Jul 2026
✓ Done
Listing Day
10 Jul 2026
✓ Done
IC Electricals Co.Ltd — Live Price LIVE
₹99.00
INR · NSE
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Issue ₹99.00 GMP: +₹47 Live Price
About IC Electricals Co.Ltd
Incorporated in 2005, IC Electricals Company Limited is engaged in the manufacturing of electronic equipment for railway applications and in providing engineering solutions to Indian Railways.The company offers a diverse range of electronic products including regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, all compliant with the latest technical standards.In addition, the company manufactures key railway components, including alternators, traction motors, and permanent magnet alternators with controllers. IC Electricals also undertakes turnkey railway electrification projects, covering design, supply, erection, testing, and commissioning of 25 kV AC overhead equipment and traction substation systems.The company primarily operates on a Business-to-Government (B2G) model, serving government departments and ministries, including the Ministry of Railways. Its key product offerings include Electronic Rectifier-cum-Regulating Units (ERRU), Vigilance Control Devices (VCD), Regulated Battery Chargers, and GPS-based Passenger Announcement & Passenger Information Systems (PAPIS).IC Electricals has successfully executed multiple railway electrification projects such as the Gorakhpur–Kaptanganj–Valmiki Nagar section under the North Eastern Railway and the Ara–Sasaram section under the East Central Railway.As of May 31, 2026, the company employs 288 permanent staff members.Competitive Strength:Strong focus on Research & DevelopmentExperienced management team with a proven track recordDedicated service centers or representatives are in every state capital, ensuring customer queries are addressed within 24 hours.Well-equipped manufacturing facilities.
Objects of the Issue
1
Funding the working capital requirements of the Company
2
General Corporate Purposes
IC Electricals Co.Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹99.8
31 Mar 2024
₹122.4
31 Mar 2025
₹143.8
31 Mar 2026
Profit After Tax (PAT)
₹4.6
31 Mar 2024
₹9.4
31 Mar 2025
₹14.1
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 143.81 122.39 99.75
EBITDA 25.66 18.34 12.14
Profit After Tax (PAT) 14.10 9.41 4.62
Net Worth 65.74 51.71 33.22
Total Assets 193.44 160.04 143.89
Reserves & Surplus 50.20 36.12 27.11
Borrowings N/A N/A N/A
EBITDA Margin (%) 17.83
PAT Margin (%) 9.84
P/BV Ratio
2.02
RoE
23.88
RoCE
18.18
RoNW
23.88
PAT Margin
9.84
EBITDA Margin
17.83
Debt/Equity
1.13
Issue Structure & Shareholding
Total Shares Offered48,39,600
Net Offer to Public45,97,200 shares (agg. up to ₹46 Cr)
Reserved for Market Maker2,42,400 shares (agg. up to ₹2 Cr)
Pre-Issue Promoter Holding1,34,22,000 shares
Post-Issue Promoter Holding1,82,61,600 shares
P/BV Ratio2.02
RoE23.88
RoCE18.18
Debt / Equity1.13
Script CodeN/A
Registrar & Lead Managers
IPO Registrar
Skyline Financial Services Pvt.Ltd
Check Allotment
Book Running Lead Managers
NEXGEN Financial Solutions Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much IC Electricals Co.Ltd IPO subscribed?

IC Electricals Co.Ltd IPO is subscribed 291.96 times by Jul 07, 2026. Retail: 364.77x. QIB: 97.22x. NII: 761.21x.

Investor CategorySubscription
Qualified Institutional (QIB)97.22x
Non Institutional (NII/HNI)761.21x
Retail Individual364.77x
Total Subscription291.96x
What is IC Electricals Co.Ltd IPO retail subscription status?

The IC Electricals Co.Ltd IPO retail category is subscribed 364.77 times as of 07 Jul 2026. The retail portion is oversubscribed.

How to subscribe IC Electricals Co.Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 03 Jul 2026 and closes 07 Jul 2026. Min investment: ₹118,800 (1 lot = 1,200 shares). UPI mandate: 5:00 PM on 07 Jul 2026.

How many times IC Electricals Co.Ltd IPO subscribed?

The IC Electricals Co.Ltd IPO subscribed 291.96x overall. QIB: 97.22x, NII: 761.21x, Retail: 364.77x. Applications: from NSE/BSE.

How to check IC Electricals Co.Ltd IPO allotment?

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Jul 2026. Refunds: on 09 Jul 2026.

When IC Electricals Co.Ltd IPO will be listed?

The IC Electricals Co.Ltd IPO listing date is 10 Jul 2026, Friday. Listed on: NSE SME. Issue price: ₹99. Estimated listing: ₹146. GMP: +₹47.

When IC Electricals Co.Ltd IPO close?

The IC Electricals Co.Ltd IPO closes on 07 Jul 2026, Tuesday. UPI mandate: 5:00 PM on 07 Jul 2026. Allotment: 08 Jul 2026. Listing: 10 Jul 2026.