· SME · NSE
Price Band
₹94–99
Lot Size
1200 shares
Issue Size
₹48 Cr
Min. Investment
₹1,18,800
Indicative, updates through the day
Cap price plus current GMP: ₹146 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
IC Electricals Co. IPO is an SME issue that listed on NSE on 10 July 2026. The issue price band is fixed at ₹94–₹99 per equity share with a minimum market lot size of 1200 shares, bringing the total issue size to ₹48 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,18,800.
The latest unlisted Grey Market Premium (GMP) for IC Electricals Co. IPO is quoted at , representing a premium of approximately over the upper price band of ₹99. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near , and informal quotes have held steady over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read , or compare with .
The minimum investment for retail investors is one lot of 1200 shares (approx. ₹1,18,800 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Skyline Financial Services Pvt. Ltd., with the basis of allotment finalised on 8 July 2026 and listing completed on 10 July 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹99
Listed At
₹166
Current Price
₹174.3
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.
IC Electricals IPO raises ₹13.54 crore from anchor investors. IC Electricals IPO Anchor bid date is July 2, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 22,86,000 | 49.73% |
| − Anchor Investor | 13,68,000 | 0% |
| − QIB (Ex. Anchor) | 9,18,000 | 0% |
| NII (HNI) | 6,98,400 | 15.19% |
| − bNII > ₹10L | 4,64,400 | 0% |
| − sNII < ₹10L | 2,34,000 | 0% |
| Retail | 16,12,800 | 35.08% |
| Market Maker | 2,42,400 | 0% |
| 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 |
EPS (Pre IPO)
10.50
EPS (Post IPO)
7.72
ROE
23.88%
P/E (Pre IPO)
9.42
P/E (Post IPO)
12.82
Price / Book
2.02
Market Cap
₹133Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Vivid Electromech Ltd. | 19.2 | ₹130.54 Cr | |
| INDO SMC Ltd. | 16.1 | ₹91.95 Cr | |
| Sugs Lloyd Ltd. | 11.91 | ₹85.66 Cr | |
| Parth Electricals & Engineering Ltd. | 18.05 | ₹49.67 Cr | |
| Smarten Power Systems Ltd. | 11.75 | ₹50.00 Cr | |
| Fujiyama Power Systems Ltd. | 40.85 | ₹828.00 Cr |
IC Electricals Co.Ltd. Address
Skyline Financial Services Pvt. Ltd.