About IC Electricals Company Limited

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.

Financials of IC Electricals Company Limited

Total Assets

Revenue

Profit after Tax

*All values are in Rs. Cr

Category	Shares Offered	Shares Applied	Subscription Times (x)
QIBs Investor	2286000	100800	0.04
Total HNIs Investor	698400	6915600	9.90
Retail Investor	1612800	15792000	9.79
Shareholders Investor	0	0	0.00
Employee Investor	0	0	0.00
Total Subscription	4597200	22808400	4.96

Updated on 2026-07-04 21:45:07

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Profit*	Last Updated
04-07-2026	99	₹47	₹146 ( 47.47% )	₹56,400.00	04-Jul-2026 06:16 PM

Strengths of Company

Strong expertise in electrical infrastructure solutions.
Diverse portfolio of power distribution products.
Experienced promoters and management team.
Established relationships with government and private clients.
In-house manufacturing and quality control.
Healthy order book with revenue visibility.
Focus on quality, safety, and timely project execution.

Risks of Company

Dependence on infrastructure and power sector spending.
High competition from established electrical equipment manufacturers.
Raw material price fluctuations may impact margins.
Working capital-intensive business.
Customer concentration risk.
Execution delays may affect profitability.
Dependence on government and institutional contracts.

IPO Lead Manager(s)

NEXGEN Financial Solutions Pvt.Ltd.

Registration No. : INM000011682

Lead Manager Details

NEXGEN Financial Solutions Pvt.Ltd.

Contact Person: Mr. Hasan Ullah
SEBI Registration Number: INM000011682
Investor Grievance Email: NA
Website: https://www.nexgenfin.com/
Email: ipo@nexgenfin.com
Phone: 1141407600

IC Electricals Company Limited FAQs

The IC Electricals Company Limited IPO is a SME IPO with a total issue size of ₹ 48 crores. The IPO price band is fixed at ₹94 to ₹ 99 per share, and the minimum lot size is 1200 Shares. The IC Electricals Company Limited IPO will open on 3rd Jul 2026, and will close on 7th Jul 2026. Skyline Financial Services Pvt.Ltd. has been appointed as the registrar for the issue. The equity shares are proposed to be listed on NSE,SME.

The IC Electricals Company Limited IPO opens on 3rd Jul 2026 and closes on 7th Jul 2026.

The IC Electricals Company Limited IPO lot size is 1200 Share, and the minimum amount required for application is ₹ 237600.

You can apply for the IC Electricals Company Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select IC Electricals Company Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The IC Electricals Company Limited IPO listing date is 10th Jul 2026.