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Latest GMP
- Lead Manager
- NEXGEN Financial Solutions Pvt.Ltd.
- IPO Registrar
- Skyline Financial Services Pvt.Ltd.
- IPO Open Date
- 3rd Jul 2026
- IPO Close Date
- 7th Jul 2026
- Allotment date
- 8th Jul 2026
- Listing date
- 10th Jul 2026
- Issue Size
- ₹ 48 Cr.
- Issue Price Band
- ₹ 94 to 99
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 237600
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
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 comprehensive engineering solutions to Indian Railways.
The company operates primarily on a Business-to-Government (B2G) model, serving various government departments and ministries, with a major focus on the Ministry of Railways.
Product Portfolio
Electronic Equipment & Systems
IC Electricals offers a diverse range of electronic products, including:
- Regulators
- Battery chargers
- Emergency lights
- Inverters
- Microprocessor-based control systems
- Vigilance control devices (VCD)
All products comply with the latest technical standards.
Railway Components
The company manufactures critical railway components such as:
- Alternators
- Traction motors
- Permanent magnet alternators with controllers
Key Highlighted Products
- Electronic Rectifier-cum-Regulating Units (ERRU)
- Vigilance Control Devices (VCD)
- Regulated Battery Chargers
- GPS-based Passenger Announcement & Passenger Information Systems (PAPIS)
Turnkey Projects & Electrification
IC Electricals undertakes complete turnkey railway electrification projects, covering design, supply, erection, testing, and commissioning of:
- 25 kV AC overhead equipment
- Traction substation systems
Notable Project Executions
The company has successfully executed multiple railway electrification projects, including:
- Gorakhpur–Kaptanganj–Valmiki Nagar section (North Eastern Railway)
- Ara–Sasaram section (East Central Railway)
Workforce
As of May 31, 2026, IC Electricals employs 288 permanent staff members.
Competitive Strengths
- Strong focus on Research & Development
- Experienced management team with a proven track record
- Dedicated service centres or representatives in every state capital, ensuring customer queries are addressed within 24 hours
- Well-equipped manufacturing facilities
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 9,18,000 (28.43%) | 22,19,30,400 | 241.75 |
| NII | 6,98,400 (21.63%) | 53,40,82,800 | 764.72 |
| bNII (> ₹10L) | 4,64,400 (14.38%) | 43,52,46,000 | 937.22 |
| sNII (< ₹10L) | 2,34,000 (7.25%) | 9,88,36,800 | 422.38 |
| Retail | 16,12,800 (49.94%) | 60,07,87,200 | 372.51 |
| Total | 32,29,200 (100.00%) | 1,35,68,00,400 | 420.17 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 09-07-2026 | ₹99 | ₹42 | ₹141 ( 42.42% ) | ₹50,400.00 | 09-Jul-2026 06:16 PM |
| 08-07-2026 | ₹99 | ₹40 | ₹139 ( 40.40% ) | ₹48,000.00 | 08-Jul-2026 05:14 PM |
| 07-07-2026 | ₹99 | ₹35 | ₹134 ( 35.35% ) | ₹42,000.00 | 07-Jul-2026 02:45 PM |
| 06-07-2026 | ₹99 | ₹45 | ₹144 ( 45.45% ) | ₹54,000.00 | 06-Jul-2026 12:59 PM |
| 04-07-2026 | ₹99 | ₹47 | ₹146 ( 47.47% ) | ₹56,400.00 | 04-Jul-2026 06:16 PM |
Financials of IC Electricals Company Limited
A quick overview of the key financial performance of IC Electricals Company Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 18%, Profit after Tax (PAT) increased by 50%, Total Assets increased by 21% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 99.75 | 122.39 | 143.81 |
| Assets | 143.89 | 160.04 | 193.44 |
| Profit After Tax | 4.62 | 9.41 | 14.10 |
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
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Pre IPO
Post IPO
|
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| EPS (₹) |
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| P/E (x) |
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| Promoter Holding (%) |
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IPO Lead Manager(s)
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
- Address: 709, Madhuban Building, 55, Nehru Place, New Delhi-110019
IPO Registrar
- Registrar Name
- Skyline Financial Services Pvt.Ltd.
- ipo@skylinerta.com
- Phone
- 40450193197
- Contact Person
- Mr. Anuj Rana
- SEBI Registration Number
- INR000003241
- Address
- D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi – 110020, India.
- Website
- https://www.skylinerta.com/
Company Contact Details
- Company Name
- IC Electricals Company Limited
- info@icelectricals.in
- Phone
- 1149050732
- Contact Person
- Mr. Subodh Kumar
- Corporate Identity Number
- U31909DL2005PLC139412
- Address
- 1002, 10th Floor, DLF Tower-A, Jasola, New Delhi -110025, India
- Website
- https://www.icelectricals.in/
IC Electricals Company Limited FAQs
