IC Electricals Company was incorporated on August 05, 2005. The company manufactures electronic equipment and critical components for railway applications, providing advanced engineering solutions to Indian Railways. Its product portfolio includes regulators, battery chargers, inverters, control systems, alternators, and traction motors, designed to meet stringent industry standards and customer-specific requirements
| Bidding Dates |
|---|
| 03 Jul 2026 - 07 Jul 2026 |
| Subscription |
|---|
| 390.83x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,25,600 | 2 | 2 | 1200 | 4.8 M | ₹94 - ₹99 | 100 % | ₹454.9 M - ₹479.1 M | RHP DOC |
IC Electricals Company IPO SUBSCRIPTION STATUS
07 Jul '26IC Electricals Company IPO overall subscription rate was 390.83 times the total available shares
IC Electricals Company IPO retail subscription rate was 494.45 times in the retail segment
IC Electricals Company IPO non-institutional investor subscription rate was 1025.62 times in the non-institutional investor category
IC Electricals Company IPO Qualified Institutional Bidder subscription rate was 127.85 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
07 Jul 2026 (Day 3) | 494.45x | 1025.62x | 127.85x |
06 Jul 2026 (Day 2) | 121.71x | 122.68x | 1.65x |
03 Jul 2026 (Day 1) | 13x | 13.28x | 0.06x |
IC Electricals Company FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 143.0 | 14.1 | -11.1 | -12.1 | 18.0% |
| FY25 | 121.9 | 9.4 | -9.7 | -10.3 | 15.2% |
| FY24 | 99.2 | 4.6 | -1.5 | -1.7 | 12.1% |
IC Electricals Company IPO SUBSCRIPTION STATUS DETAILS
IC Electricals Company had 4.8 M shares on offer
IC Electricals Company IPO offer price was in the range ₹94 - ₹99
IC Electricals Company IPO minimum Investment was ₹225600
IC Electricals Company IPO issue size was ₹ 454.9 M - ₹ 479.1 M
IC Electricals Company had a minimum lot size of 1200 Shares per application
IC Electricals Company NUMBER OF SHARES ON OFFER
IC Electricals Company IPO IMPORTANT DATES
| Issue Open Date | 03 Jul 2026 |
| Issue close Date | 07 Jul 2026 |
| Allotment Date | 08 Jul 2026 |
| Refund Date | 09 Jul 2026 |
| Demat Account Credit Date | 09 Jul 2026 |
| Listing Date | 10 Jul 2026 |
| Listing on Exchange(s) | NSE |
| IC Electricals Company Allotment Status | Exchange/ Registrar |
IC Electricals Company IPO subscription opened on 03 Jul 2026, and closed on 07 Jul 2026
IPO allotment for IC Electricals Company was finalized on Wednesday, 08 Jul 2026
IPO listing for IC Electricals Company was on NSE on Friday, 10 Jul 2026
IC Electricals Company IPO LISTING GAINS
| Issue Price (adjusted) | 99.0 |
| Listing Open Price | 166.0 |
| Listing Close Price | 174.3 |
| Listing Gain% | 67.7% |
| Current Gain% | 47.9% |
IC Electricals Company Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IC Electricals Company Ltd. | 146.4 | 267.4 | 19 | 0.4 | 1.9 | 22.1 | 7.3 | 143.8 | 17.5 | 14.1 | 50.2 | 7.7 | 50.2 |
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
IC Electricals Company INFORMATION ON IPO ISSUE
About IC Electricals Company
IC Electricals Company was incorporated on August 05, 2005. The company manufactures electronic equipment and critical components for railway applications, providing advanced engineering solutions to Indian Railways. Its product portfolio includes regulators, battery chargers, inverters, control systems, alternators, and traction motors, designed to meet stringent industry standards and customer-specific requirements
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
IC Electricals Company - PROMOTERS
| Name |
|---|
| Sunil Kumar Verma |
| Renu Verma |
| Aakansha Verma |
| Davisha Verma |
| Savita Sachdeva |
IC Electricals Company - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sunil Kumar Verma | Managing Director |
| Renu Verma | Director |
| Savita Sachdeva | Director |
| Sanjai Vishwakarma | Director |
| Rahul Varma | Whole Time Director |
| Nitin Sarup Chowdhary | Independent Director |
| Bhaskar Reddy Dasari | Independent Director |
| Sanjay Pandey | Independent Director |
IC Electricals Company Book Running Lead Manager
NEXGEN Financial Solutions Private Limited
ipo@nexgenfin.com
IC Electricals Company Registrar to the Offer
Skyline Financial Services Private Limited
ipo@skylinerta.com
IC Electricals Company Strengths
Research & development
The company’s dedicated R&D team focuses on developing new products and enhancing the quality, performance, and reliability of existing offerings. Its innovation-driven approach improves operational efficiency, reduces costs and resource wastage, and supports the development of products suitable for both domestic and international markets
Extensive sales & service network
The company maintains a nationwide sales and service network, supported by its central sales office in Delhi and service representatives across state capitals. This extensive support infrastructure enables prompt customer assistance, minimizes downtime, and enhances customer satisfaction through efficient after-sales service
IC Electricals Company Risks
Bank guarantee risks
The company’s operations require the issuance of bank guarantees to fulfill contractual obligations, making it dependent on the availability of banking facilities and adequate collateral. Any inability to obtain or maintain such guarantees, or the invocation of existing guarantees, could increase working capital requirements and adversely affect cash flows, financial condition, and business operations
Operational risks
The company’s manufacturing and fabrication operations are exposed to risks such as equipment failures, workplace accidents, fire, explosions, and other operational hazards that could result in injuries, property damage, business interruptions, and financial losses. Any such incident, despite existing safety measures and insurance coverage, could adversely affect its operations, financial performance, and reputation
Data Confidentiality risks
The company handles confidential technical and project-related information for railway and government clients, making data security and confidentiality critical to its operations. Any data breach, unauthorized access, or failure to protect sensitive information could damage customer trust, disrupt operations, and adversely affect its reputation and financial performance
IPO FAQs
The promoters of the company are Sunil Kumar Verma, Renu Verma, Aakansha Verma, Davisha Verma and Savita Sachdeva.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 94.0 - 99.0.
The IPO application opens on Jul 03, 2026 and closes on Jul 07, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 225,600.0, the maximum value for this IPO is Rs 237,600.0.
This IPO will be allotted on Jul 08, 2026.
The refund will be credited to your account on Jul 09, 2026.
The allotted shares will be credited to your demat on Jul 09, 2026.
IC Electricals Company Ltd.’s shares listed on the stock exchanges on Jul 10, 2026.