IC Electricals Co. IPO Details
The IC Electricals Co. IPO is a book build issue with a total issue size of ₹47.91 cr, comprising of fresh issue of 4597200 equity shares. IC Electricals Co. IPO will open for subscription on Jul 03, 2026, and close on Jul 07, 2026, allowing investors three days to apply for shares. IC Electricals Co. IPO is set price band at ₹94 to ₹99 per share, with a lot size of 1200 shares. Minimum investment for Retail investors will be ₹237,600.00 (at the upper price band) to apply for one lot.
The basis of allotment is expected to be finalized on Jul 08, 2026, and the shares are likely to be listed on the NSE on Jul 10, 2026.
Skyline Financial Services Private Ltd has been appointed as the registrar. NEXGEN Financial Solutions Pvt. Ltd. are the Book Running Lead Manager for the issue.
Before investing in the IC Electricals Co. IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 94 – 99
- Lot Size
- 1200
- Issue Size
- ₹47.91 Cr
- Minimum Investment
- ₹237600 (2400 Shares)
- Listing Date
- 10 July 2026
Current GMP
₹40 (+40.40%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About IC Electricals Company Limited
Incorporated in 2005, IC Electricals Company Limited is engaged in the manufacturing of electronic equipment for railway applications and the provision of engineering solutions to Indian Railways. The company specializes in developing advanced railway electronics and executing railway electrification projects across India.
The company's product portfolio includes a wide range of electronic systems such as regulators, battery chargers, emergency lighting systems, inverters, microprocessor-based control systems, and vigilance control devices, all designed in compliance with the latest railway technical standards.
IC Electricals also manufactures critical railway components, including alternators, traction motors, and permanent magnet alternators with controllers. In addition to manufacturing, the company undertakes turnkey railway electrification projects involving the design, supply, erection, testing, and commissioning of 25 kV AC overhead electrification systems and traction substations.
The company primarily operates under a Business-to-Government (B2G) model, serving various government departments and ministries, with the Ministry of Railways being its key customer. Its major product offerings include:
- Electronic Rectifier-cum-Regulating Units (ERRU)
- Vigilance Control Devices (VCD)
- Regulated Battery Chargers
- GPS-based Passenger Announcement and Passenger Information Systems (PAPIS)
Over the years, IC Electricals has successfully completed several railway electrification projects, including 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 had a workforce of 288 permanent employees, supporting its manufacturing operations, project execution, and engineering services across the railway sector.
IC Electricals Co. IPO Promoters
- Mr. Sunil Kumar Verma
- Mrs. Renu Verma
- M/s SHBD LLP
- M/s Safe System India Private Limited
Promoters Holding
Holding Pre Issue
82.92%
Holding Post Issue
60.94%
IC Electricals Co. IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the working capital requirements of our Company
- General Corporate Purposes
Address / Contact Info
IC Electricals Co.Ltd. Address
156 DSIDC
Okhla INDL
Area Phase
North Delhi, New Delhi, 110020
Telephone:+91 011 490507
Email: info@icelectricals.in
Website: https://www.icelectricals.in/
IPO Snapshot
Book Running Lead Managers
- NEXGEN Financial Solutions Pvt. Ltd.
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
IC Electricals Co. IPO is a Book-building IPO with a total issue size of ₹47.91 crore. The IC Electricals Co. IPO price band is ₹94 to 99 per share. The IC Electricals Co. IPO subscription opens on Fri, Jul 3, 2026, and closes on Tue, Jul 7, 2026. The IC Electricals Co. IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the IC Electricals Co. IPO .
The IC Electricals Co. IPO opens on Fri, Jul 3, 2026 and closes on Tue, Jul 7, 2026
IC Electricals Co. IPO Price Band is ₹94 to 99 per share.
IC Electricals Co. IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹237600 based on the upper price band
The minimum investment for IC Electricals Co. IPO is ₹237600, based on one lot of 1200 shares at the upper price band of ₹99 per share.
Investors can apply for the IC Electricals Co. IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jul 7, 2026. The application amount remains blocked until the IC Electricals Co. IPO allotment is finalized.
IC Electricals Co. IPO issue size is ₹47.91 crores.
IC Electricals Co. IPO allotment date is Wed, Jul 1, 2026.
The registrar for IC Electricals Co. IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check IC Electricals Co. IPO allotment status, refund processing, and other IPO-related information.
The IC Electricals Co. IPO GMP (Grey Market Premium) is ₹40 as of Wed, Jul 1, 2026. Based on the upper price band of ₹99 per share, the estimated IC Electricals Co. IPO listing price is ₹139, indicating a potential listing gain of approximately 0% over the issue price.