IPO Issue Details
Issue Price / Price Band₹99 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size48,39,600 shares (agg. up to ₹48 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital only
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 03 Jul 2026
Subscription CloseTue, 07 Jul 2026
Anchor AllotmentThu, 02 Jul 2026
Basis of AllotmentWed, 08 Jul 2026
Initiation of RefundsThu, 09 Jul 2026
Credit of Shares to DematThu, 09 Jul 2026
Listing DateFri, 10 Jul 2026
UPI Mandate Deadline5:00 PM on 07 Jul 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,37,600 — 2,400 shares
Retail — Max (13 Lots)₹1,544,400 (13 Lots)
HNI — Min (3 Lots)₹3,56,400 — 3,600 shares
EPS (Pre-IPO)₹10.50
EPS (Post-IPO)₹7.72
P/E Ratio (Pre-IPO)9.42x
P/E Ratio (Post-IPO)12.82x
Net Offer to Public45,97,200 shares (agg. up to ₹46 Cr)
Reserved for Market Maker2,42,400 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding1,34,22,000 shares
Post-IPO Promoter Holding1,82,61,600 shares
Fresh Issue Shares45,97,200 shares (agg. up to ₹46 Cr)
About IC Electricals Co.Ltd
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 & DevelopmentExperienced management team with a proven track recordDedicated service centers or representatives are in every state capital, ensuring customer queries are addressed within 24 hours.Well-equipped manufacturing facilities.
Objects of the Issue
IC Electricals Co.Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding the working capital requirements of the Company
33.60
2
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,34,22,000 shares
Post-IPO Promoter Holding
1,82,61,600 shares