IC Electricals Company
- Issue price
- ₹ 99
- Issue size
- ₹ 47.91 Cr.
- Min. investment
- ₹ 1,18,800
- Lot size
- 1,200 shares
- P/E
- 12.82
- RoNW
- 23.88%
- RoCE
- 18.18%
- PAT margin
- 9.84%
- EPS
- ₹ 7.72
- Promoter stake
- 60.94%
About
IC Electricals Company Limited was established in 2005 and has emerged as a specialised manufacturer serving the railway and industrial electrical equipment sector. The company has built a strong reputation through its focus on technology-driven electrical and electronic solutions for Indian Railways and other infrastructure projects. Over the years, it has expanded its manufacturing capabilities and secured approvals from key railway authorities. The company manufactures power electronics, control systems, rotating machines, instrumentation equipment and railway electrification products. It follows a business-to-government and industrial supply model, generating revenue through product manufacturing, project execution and maintenance services. The company is promoted by experienced professionals in the electrical engineering sector who continue to focus on innovation, quality and long-term industry relationships.
Timeline
- doneOpens3 Jul
- doneCloses7 Jul
- doneAllotment8 Jul
- doneRefunds9 Jul
- doneDemat credit9 Jul
- doneListing10 Jul
Grey market premium (GMP)
GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
- Highest
- ₹ 55 on 5 Jul 2026
- Lowest
- ₹ 0 on 27 Jun 2026
- First quoted
- ₹ 25 on 19 Jun 2026
Subscription
How many times each investor group bid for its share, as of 03 Jul 2026, 11:10 AM IST.
How much to apply for
The smallest and largest bids for each kind of investor at the upper price band.
| Retail (Min) | 1 | 1,200 | ₹ 1,18,800 |
| Retail (Max) | 1 | 1,200 | ₹ 1,18,800 |
| HNI (Min) | 2 | 2,400 | ₹ 2,37,600 |
Company overview
Financials
| Assets | 193.44 | 160.04 | 143.89 |
| Total Income | 143.81 | 122.39 | 99.75 |
| Profit After Tax | 14.1 | 9.41 | 4.62 |
| EBITDA | 25.66 | 18.34 | 12.14 |
| NET Worth | 65.74 | 51.71 | 33.22 |
| Reserves and Surplus | 50.2 | 36.12 | 27.11 |
| Total Borrowing | 75.42 | 55.79 | 47.81 |
Strengths
- Approved vendor for Indian Railways and related agencies.
- Specialised expertise in railway electrical systems.
- Strong manufacturing and engineering capabilities.
- Benefits from increasing railway infrastructure spending.
- Long operating track record in the sector.
Risks
- High dependence on railway sector orders.
- Delays in government project execution.
- Working capital-intensive operations.
- Competitive bidding may pressure margins.
- Regulatory and policy changes affecting infrastructure spending.
What the money is for
| Funding the working capital requirements of the Company | 33.6 |
| General Corporate Purposes | 7.13 |
| Issue Expenses | 7.19 |
Promoters
- Sunil Kumar Verma
- Renu Verma
- SHBD LLP
- Safe System India Pvt.Ltd
Registrar, lead managers and documents
- Listing on
- NSE SME
- Face value
- ₹ 10 a share
- Lead managers
- NEXGEN FINANCIAL SOLUTIONS PRIVATE LIMITED
IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.