IC Electricals Co.
OPENIPO Date: 3 Jul - 7 Jul 2026
Listing Date: 10 Jul 2026
Price Range
₹94 – ₹99
Issue Size
48 Cr
Min Investment
₹1,12,800
Lot Size
1200 Shares
Schedule of IC Electricals Co.
Issue open date
3 Jul 2026
Issue close date
7 Jul 2026
UPI mandate deadline
7 Jul 2026 (5 PM)
Allotment finalization
8 Jul 2026
Share credit
9 Jul 2026
Listing date
10 Jul 2026
Mandate end date
22 Jul 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 48 Cr |
| Fresh Issue | 0.48 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 8 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 6 Jul 2026 | ₹99 | ₹49 | ₹148 (49.49%) |
| 5 Jul 2026 | ₹99 | ₹55 | ₹154 (55.56%) |
| 4 Jul 2026 | ₹99 | ₹47 | ₹146 (47.47%) |
| 3 Jul 2026 | ₹99 | ₹45 | ₹144 (45.45%) |
| 2 Jul 2026 | ₹99 | ₹44 | ₹143 (44.44%) |
| 1 Jul 2026 | ₹99 | ₹40 | ₹139 (40.4%) |
| 30 Jun 2026 | ₹99 | ₹28 | ₹127 (28.28%) |
| 29 Jun 2026 | ₹99 | ₹28 | ₹127 (28.28%) |
| 28 Jun 2026 | ₹99 | ₹0 | ₹99 (0%) |
Performance IC Electricals Co.
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹94 – ₹99 | .... | .... | .... |
About IC Electricals Co.
IC Electricals Company Limited is a railway-focused electrical and electronics manufacturer catering primarily to the Indian Railways and other government railway entities. The company designs and manufactures a wide range of products, including power electronics, control systems, alternators, traction motors, battery chargers, and railway electrification equipment. It also undertakes EPC contracts for 25 kV AC overhead electrification projects covering design, supply, installation, testing, and commissioning. Operating predominantly under a B2G business model, the company generates revenue from product sales, project execution, maintenance services, and replacement supplies while leveraging its approved vendor status with Indian Railways.
| Founded in | 2005 |
| Managing director | Sunil Kumar Verma |
| Parent organization |
Financial Overview
Strengths
- Established supplier to Indian Railways with approved vendor registrations, creating high entry barriers for new competitors.
- Diversified portfolio spanning railway electronics, rotating machines, power electronics, and railway electrification EPC projects.
- Integrated manufacturing and project execution capabilities enable better quality control and cross-selling opportunities.
- Strong industry experience with dedicated R&D and manufacturing facilities supporting specialized railway applications.
Risks
- Heavy dependence on Indian Railways and government customers exposes the business to tender delays and fluctuations in public capital expenditure.
- Revenue concentration in the railway sector limits diversification across industries and customer segments.
- EPC projects are susceptible to execution delays, cost overruns, and working capital pressures, impacting profitability.
- Business performance is influenced by government procurement policies, approval processes, and competitive bidding in railway contracts.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 3.12 |
| Non-Institutional Investors (NIIs) | 91.51 |
| Retail Individual Investors (RIIs) | 93.58 |
| Employee | N/A |
| Total | 67.42 |