IC Electricals IPO
IC Electricals IPO
Overview
IC Electricals IPO is a book build issue of 0.48 crore shares. The issue is entirely a fresh issue of shares. IC Electricals IPO opens for subscription on Jun 25, 2026 and closes on Jun 30, 2026. The allotment for the IC Electricals IPO is expected to be finalized on Jul 1, 2026. IC Electricals IPO will list on the NSE SME with a tentative listing date fixed as Jul 3, 2026. IC Electricals IPO is set issue price band at [.] to [.] per share. NEXGEN Financial Solutions Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd.
Total Shares
48,39,600
Issue Size
₹48 Cr
Price Band
₹94 – ₹99
Lot Size
1200 shares
Min. Investment
₹1,18,800
Max. Investment
₹1,18,800
Open Date
03 Jul, 2026
Close Date
07 Jul, 2026
Allotment
08 Jul, 2026
Listing
10 Jul, 2026
Max. Investment
₹1,18,800
Announced
03 Jul, 2026
Opening Date
03 Jul, 2026
Closing Date
07 Jul, 2026
Basis of Allotment
08 Jul, 2026
Initiation of Refunds
09 Jul, 2026
Credit of Shares
09 Jul, 2026
Listing Date
10 Jul, 2026
Live GMP
Est. Listing: ₹141
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About IC Electricals IPO
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 rai
IC Electricals IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.1% increase in shares
IC Electricals IPO Financial Health
IC Electricals Co.Ltd.'s revenue increased by 18% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2026 and March 31, 2025.
IC Electricals IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,37,600 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,37,600 |
| S-HNI (Min) | 3 | 3600 | ₹3,56,400 |
| S-HNI (Max) | 8 | 9600 | ₹9,50,400 |
| B-HNI (Min) | 9 | 10800 | ₹10,69,200 |
(All values in CR)
IC Electricals IPO Valuations
| Metric | Value |
|---|---|
| ROE | 23.88 |
| ROCE | 18.18 |
| Debt/Equity | 1.13 |
| RoNW | 23.88 |
| PAT Margin | 9.84 |
| EBITDA Margin | 17.83 |
| Price to Book Value | 2.02 |
(All values in CR)
IC Electricals IPO Strength & Risk
IC Electricals IPO Strengths
- Operates in the electrical equipment and solutions industry with exposure to growing infrastructure demand.
- Diverse product portfolio serving industrial, commercial, and utility customers.
- Benefits from increasing investments in power, construction, and infrastructure projects.
- Established customer relationships and distribution network support business growth.
- Experienced management team with industry expertise.
- Focus on quality standards and operational efficiency.
- Opportunity to benefit from government initiatives related to electrification and infrastructure development.
- Potential for business expansion through capacity enhancement and market penetration.
IC Electricals IPO Risks
- Business performance is linked to economic activity and infrastructure spending trends.
- Faces intense competition from organized and unorganized industry players.
- Fluctuations in raw material prices may impact profit margins.
- Dependence on timely execution of projects and customer orders.
- Working capital-intensive operations may affect cash flow management.
- Any slowdown in the power, construction, or industrial sectors could impact demand.
- Customer concentration risk may affect revenue stability.
- Regulatory changes and compliance requirements could increase operational costs.
IC Electricals IPO Subscriptions Status
IC Electricals IPO subscribed 420.09 times. The public issue subscribed 372.51 times in the individual investors category, 241.75 times in QIB (Ex Anchor), and 764.38 times in the NII category by July 7, 2026 6:54:59 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 13,68,000 | 13,68,000 | 13.54 |
| Market Maker | 1.00 | 2,42,400 | 2,42,400 | 2.4 |
| QIB (Ex Anchor) | 241.75 | 9,18,000 | 22,19,30,400 | 2 |
| NII | 764.38 | 6,98,400 | 53,38,40,400 | 5 |
| bNII (> ₹10L) | 936.70 | 4,64,400 | 43,50,03,600 | 4 |
| sNII (< ₹10L) | 422.38 | 2,34,000 | 9,88,36,800 | 978.48 |
| Individual Investors | 372.51 | 16,12,800 | 60,07,87,200 | 5 |
| Total | 420.09 | 32,29,200 | 1,35,65,58,000 | 13 |
IC Electricals IPO GMP
IC Electricals SME IPO last GMP is ₹42, last updated Jul 7th 2026 06:01 PM. With the price band of 99.00, IC Electricals SME IPO's estimated listing price is ₹141 (cap price + today's GMP).The expected percentage gain/loss per share is 42.42%. >> IC Electricals SME IPO Retail Subject to Sauda: ₹38300 The lowest GMP is ₹0.00, while the highest GMP is ₹55.00.
Last updated 07 Jul, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 07 Jul, 2026 | 99 | ₹42▼ | - | ₹141 (42.42%) | 50400 | 07 Jul, 2026 |
| 06 Jul, 2026 | 99 | ₹49▼ | - | ₹148 (49.49%) | 58800 | 06 Jul, 2026 |
| 05 Jul, 2026 | 99 | ₹55▲ | - | ₹154 (55.56%) | 66000 | 05 Jul, 2026 |
| 04 Jul, 2026 | 99 | ₹47▲ | - | ₹146 (47.47%) | 56400 | 04 Jul, 2026 |
| 03 Jul, 2026 | 99 | ₹45▲ | - | ₹144 (45.45%) | 54000 | 03 Jul, 2026 |
| 02 Jul, 2026 | 99 | ₹44▲ | - | ₹143 (44.44%) | 52800 | 02 Jul, 2026 |
| 01 Jul, 2026 | 99 | ₹40▲ | - | ₹139 (40.40%) | 48000 | 01 Jul, 2026 |
| 30 Jun, 2026 | 99 | ₹28 | - | ₹127 (28.28%) | 33600 | 30 Jun, 2026 |
| 29 Jun, 2026 | 99 | ₹28▲ | - | ₹127 (28.28%) | 33600 | 29 Jun, 2026 |
| 28 Jun, 2026 | 99 | ₹0 | - | ₹ (%) | - | 28 Jun, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for IC Electricals IPO
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Go to IPO Section
Find IC Electricals IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.