IC Electricals Company Limited
ListedSMEIndustrials · NSE
Incorporated in 2005, IC Electricals Company Limited manufactures electronic equipment and provides engineering solutions for Indian Railways. The company offers a wide range of products, including battery chargers, emergency lights, inverters, control systems, vigilance devices, alternators, traction motors, and passenger information systems. It also undertakes railway electrification projects, handling design, supply, installation, testing, and commissioning of railway power systems. Operating mainly on a Business-to-Government (B2G) model, the company serves government departments, including the Ministry of Railways. IC Electricals has successfully completed several railway electrification projects across India. As of May 31, 2026, the company had 288 permanent employees.
Price Band
₹94 – ₹99
Issue Size
₹483.96 L Cr
Lot Size
1200 shares
GMP
₹39
+39.4%
Est. Listing
₹138
at current GMP
Subscribed
420.17x
overall
Open
3 Jul 2026
Close
7 Jul 2026
Allotment
8 Jul 2026
Refund
9 Jul 2026
Demat Credit
10 Jul 2026
Listing
10 Jul 2026
Last updated 3 months ago
Overall Subscription
420.17x
Total Demand
QIB Multiplier
241.75x
Institutions & Funds
NII / HNI
764.72x
High Net-Worth
Retail (RII)
372.51x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 918,000 | 221,930,400 | 241.75x |
| NIB | 698,400 | 534,082,800 | 764.72x |
| HNIs(10L +) | 464,400 | 435,246,000 | 937.22x |
| HNIs (2-10L) | 234,000 | 98,836,800 | 422.38x |
| RETAIL | 1,612,800 | 600,787,200 | 372.51x |
| Total | 3,927,600 | 1,890,883,200 | 420.17x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 672 | 250,328 | 372.51x |
| HNIs(10L +) | 129 | 38,247 | 296.49x |
| HNIs (2-10L) | 65 | 24,290 | 373.69x |
| Total Applications | 866 | 312,865 | 361.28x |
Day-Wise Subscription Progress
About IC Electricals Company Limited Public Issue & Market Profile
IC Electricals Company Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹48,39,600 Crores. The shares are offered at a price band of ₹94 to ₹99 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,18,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-07-10, while un-allotted funds or UPI block mandates will be released on 2026-07-09.
Frequently Asked Questions
What is the issue size and price band for IC Electricals Company Limited IPO?
The IC Electricals Company Limited IPO aggregate issue size is ₹48,39,600 Crores with an equity price band set at ₹94 to ₹99 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,18,800.
How can I check IC Electricals Company Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will IC Electricals Company Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2026-07-08.