IC Electricals Co IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 03 to Jul 07 2026
Price Band
₹94 - 99
Current GMP
₹166 (67.88%)
Subscription
420.09 times
IPO Details
| IPO Date | 3 to 7 Jul, 2026 |
| Listed on | Fri, Jul 10, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹94 to ₹99 |
| Issue Price | ₹99 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 48,39,600 shares (agg. up to ₹ 48 Cr) |
| Reserved for Market Maker | 2,42,400 shares (agg. up to ₹ 2 Cr) Mansi Share & Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 45,97,200 shares (agg. up to ₹ 46 Cr) |
| Net Offered to Public | 45,97,200 shares (agg. up to ₹ 46 Cr) |
| Share Holding Pre Issue | 1,34,22,000 shares |
| Share Holding Post Issue | 1,82,61,600 shares |
| / NSE Symbol | / ICELCO |
| ISIN | INE0XE501015 |
IPO Date
3 to 7 Jul, 2026
Listed on
Fri, Jul 10, 2026
Face Value
₹ 10 per share
Price Band
₹94 to ₹99
Issue Price
₹99 per share
Lot Size
1,200 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
48,39,600 shares (agg. up to ₹ 48 Cr)
Reserved for Market Maker
2,42,400 shares (agg. up to ₹ 2 Cr) Mansi Share & Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)
45,97,200 shares (agg. up to ₹ 46 Cr)
Net Offered to Public
45,97,200 shares (agg. up to ₹ 46 Cr)
Share Holding Pre Issue
1,34,22,000 shares
Share Holding Post Issue
1,82,61,600 shares
/ NSE Symbol
/ ICELCO
ISIN
INE0XE501015
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 241.75 |
| NII*** | 764.38 |
| bNII (> ₹10L) | 936.70 |
| sNII (< ₹10L) | 422.38 |
| Individual Investors | 372.50 |
| Total ** | 420.09 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
241.75
NII***
764.38
bNII (> ₹10L)
936.70
sNII (< ₹10L)
422.38
Individual Investors
372.50
Total **
420.09
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Jul 3 (Day 1) | 0.11 | 9.94 | 10.51 | 8.81 | 10.02 | 7.18 |
| Jul 6 (Day 2) | 3.12 | 91.51 | 98.97 | 76.69 | 93.58 | 67.42 |
| Jul 7 (Day 3) | 241.75 | 764.38 | 936.70 | 422.38 | 372.50 | 420.09 |
DayJul 3
(Day 1)
QIB (Ex Anchor)0.11
NII*9.94
NII (> ₹10L)10.51
NII (< ₹10L)8.81
Individual Investors10.02
Total7.18
DayJul 6
(Day 2)
QIB (Ex Anchor)3.12
NII*91.51
NII (> ₹10L)98.97
NII (< ₹10L)76.69
Individual Investors93.58
Total67.42
DayJul 7
(Day 3)
QIB (Ex Anchor)241.75
NII*764.38
NII (> ₹10L)936.70
NII (< ₹10L)422.38
Individual Investors372.50
Total420.09
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 10-07-2026 | 99 | 47 (47.47%) | 146 |
| 09-07-2026 | 99 | 47 (47.47%) | 146 |
| 08-07-2026 | 99 | 45 (45.45%) | 144 |
| 07-07-2026 | 99 | 42 (42.42%) | 141 |
| 06-07-2026 | 99 | 49 (49.49%) | 148 |
| 05-07-2026 | 99 | 55 (55.56%) | 154 |
| 04-07-2026 | 99 | 47 (47.47%) | 146 |
| 03-07-2026 | 99 | 45 (45.45%) | 144 |
| 02-07-2026 | 99 | 44 (44.44%) | 143 |
| 01-07-2026 | 99 | 40 (40.40%) | 139 |
| 30-06-2026 | 99 | 28 (28.28%) | 127 |
| 29-06-2026 | 99 | 28 (28.28%) | 127 |
| 28-06-2026 | 99 | 0 (0%) | 0 |
GMP Date10-07-2026
IPO Price99
GMP47 (47.47%)
Est. Listing Price146
GMP Date09-07-2026
IPO Price99
GMP47 (47.47%)
Est. Listing Price146
GMP Date08-07-2026
IPO Price99
GMP45 (45.45%)
Est. Listing Price144
GMP Date07-07-2026
IPO Price99
GMP42 (42.42%)
Est. Listing Price141
GMP Date06-07-2026
IPO Price99
GMP49 (49.49%)
Est. Listing Price148
GMP Date05-07-2026
IPO Price99
GMP55 (55.56%)
Est. Listing Price154
GMP Date04-07-2026
IPO Price99
GMP47 (47.47%)
Est. Listing Price146
GMP Date03-07-2026
IPO Price99
GMP45 (45.45%)
Est. Listing Price144
GMP Date02-07-2026
IPO Price99
GMP44 (44.44%)
Est. Listing Price143
GMP Date01-07-2026
IPO Price99
GMP40 (40.40%)
Est. Listing Price139
GMP Date30-06-2026
IPO Price99
GMP28 (28.28%)
Est. Listing Price127
GMP Date29-06-2026
IPO Price99
GMP28 (28.28%)
Est. Listing Price127
GMP Date28-06-2026
IPO Price99
GMP0 (0%)
Est. Listing Price0
IPO Important Dates
| IPO Open | Fri, Jul 3, 2026 |
| IPO Close | Tue, Jul 7, 2026 |
| Allotment | Wed, Jul 8, 2026 |
| Refund | Thu, Jul 9, 2026 |
| Credit of Shares | Thu, Jul 9, 2026 |
| Listing | Fri, Jul 10, 2026 |
IPO Open
Fri, Jul 3, 2026
IPO Close
Tue, Jul 7, 2026
Allotment
Wed, Jul 8, 2026
Refund
Thu, Jul 9, 2026
Credit of Shares
Thu, Jul 9, 2026
Listing
Fri, Jul 10, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,37,600 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,37,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,56,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,50,400 |
| B-HNI (Min) | 9 | 10,800 | ₹10,69,200 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2,400
Amount₹2,37,600
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2,400
Amount₹2,37,600
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,56,400
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,50,400
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹10,69,200
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 193.44 | 160.04 | 143.89 |
| Total Income | 143.81 | 122.39 | 99.75 |
| Profit After Tax | 14.10 | 9.41 | 4.62 |
| EBITDA | 25.66 | 18.34 | 12.14 |
| NET Worth | 65.74 | 51.71 | 33.22 |
| Reserves and Surplus | 50.20 | 36.12 | 27.11 |
| Total Borrowing | 75.42 | 55.79 | 47.81 |
Period EndedAssets
31 Mar 2026193.44
31 Mar 2025160.04
31 Mar 2024143.89
Period EndedTotal Income
31 Mar 2026143.81
31 Mar 2025122.39
31 Mar 202499.75
Period EndedProfit After Tax
31 Mar 202614.10
31 Mar 20259.41
31 Mar 20244.62
Period EndedEBITDA
31 Mar 202625.66
31 Mar 202518.34
31 Mar 202412.14
Period EndedNET Worth
31 Mar 202665.74
31 Mar 202551.71
31 Mar 202433.22
Period EndedReserves and Surplus
31 Mar 202650.20
31 Mar 202536.12
31 Mar 202427.11
Period EndedTotal Borrowing
31 Mar 202675.42
31 Mar 202555.79
31 Mar 202447.81
Key Performance Indicator
| 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 |
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
IPO Reservation
| QIB Shares Offered | 22,86,000 |
| − Anchor Investor Shares Offered | 13,68,000 |
| − QIB (Ex. Anchor) Shares Offered | 9,18,000 |
| NII (HNI) Shares Offered | 6,98,400 |
| − bNII > ₹10L | 4,64,400 |
| − sNII < ₹10L | 2,34,000 |
| Retail Shares Offered | 16,12,800 |
| Market Maker Shares Offered | 2,42,400 |
| Total Shares Offered | 48,39,600 |
QIB Shares Offered
22,86,000
− Anchor Investor Shares Offered
13,68,000
− QIB (Ex. Anchor) Shares Offered
9,18,000
NII (HNI) Shares Offered
6,98,400
− bNII > ₹10L
4,64,400
− sNII < ₹10L
2,34,000
Retail Shares Offered
16,12,800
Market Maker Shares Offered
2,42,400
Total Shares Offered
48,39,600
Information about company
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:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding the working capital requirements of the Company
2: General Corporate Purposes
: Total
Disclaimer
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