IC Electricals Co. IPO Details
IPO Overview
| Price Band | ₹94–₹99 |
|---|---|
| Lot Size | 1200 shares |
| Min Investment | Min ₹118800 |
| GMP | ₹47 (47.47%) |
| Total Subscription | 420.09 times |
| Status | Listed |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | 237600 |
| Individual investors (IND) (Max) | 2 | 2400 | 237600 |
| S-HNI (Min) | 3 | 3600 | 356400 |
| S-HNI (Max) | 8 | 9600 | 950400 |
| B-HNI (Min) | 9 | 10800 | 1069200 |
IPO Tentative Timetable
| IPO Open Date | Jul 03, 2026 |
|---|---|
| IPO Close Date | Jul 07, 2026 |
| Allotment Date | Jul 08, 2026 |
| Refund Initiation | Jul 09, 2026 |
| Listing Date | Jul 10, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹94 to ₹99 |
| 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 |
Valuations
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 193.44 | 143.81 | 14.10 | 25.66 | 65.74 | 50.20 | 75.42 |
| 31 Mar 2025 | 160.04 | 122.39 | 9.41 | 18.34 | 51.71 | 36.12 | 55.79 |
| 31 Mar 2024 | 143.89 | 99.75 | 4.62 | 12.14 | 33.22 | 27.11 | 47.81 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 33.60 |
| 2 | General Corporate Purposes | |
| Total | 33.60 |
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:
- Strong focus on Research & Development
- Experienced management team with a proven track record
- Dedicated service centers or representatives are in every state capital, ensuring customer queries are addressed within 24 hours.
- Well-equipped manufacturing facilities.
Promoters
- Mr. Sunil Kumar Verma, Mrs. Renu Verma, M/s SHBD LLP and M/s Safe System India Private Limited are the company promoters.
Documents
Registrar
IC Electricals Co. IPO Details — Frequently Asked Questions
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