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ICELCO · NSE · Engineering and Railway Components
IC Electricals Co. IPO listed on 10 Jul 2026 on NSE at ₹166.00, a gain of 67.68% over the issue price of ₹99.00. The IPO was subscribed 420.16x overall.
IC Electricals Co. IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 03 Jul 2026 |
| IPO Close Date | 07 Jul 2026 |
| Basis of Allotment | 08 Jul 2026 |
| Initiation of Refunds | 09 Jul 2026 |
| Credit of Shares to Demat | 09 Jul 2026 |
| Listing Date | 10 Jul 2026 |
Listing day gain
+67.68%
Listed at ₹166 (issue ₹99)
Issue
₹99
Listing
₹166
Current
₹174.3
+76.06% vs issue
Day range
₹157.7 – ₹174.3
Issue Size
4,839,600 shares
(aggregating up to ₹48.00 Cr)
Issue Price
₹94 – ₹99
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹237,600
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
4,597,200 shares
(aggregating up to ₹46 Cr)
Offer for Sale
[.]
Reserved for Market Maker
242,400 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
03 Jul
Close Date
07 Jul
Allotment
08 Jul
Listing
10 Jul
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 09 Jul 2026 Latest | ₹99 | ₹47 | ₹146 | ₹47 |
47.47%
|
11:18 PM |
| 09 Jul 2026 | ₹99 | ₹42 | ₹141 | ₹42 |
42.42%
|
4:31 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 07 Jul 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 241.75x | 149 |
| NII | 764.72x | 62,537 |
| bNII (bids above ₹10L) | 937.22x | 38,247 |
| sNII (bids below ₹10L) | 422.38x | 24,290 |
| Individual Investors | 372.5x | 250,320 |
| Total | 420.16x | 375,543 |
Showing the latest subscription snapshot.
View full subscription historyMr. Sunil Kumar Verma, Mrs. Renu Verma, M/s SHBD LLP and M/s Safe System India Private Limited are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹237,600 |
| Retail (Max) | 2 | 2,400 | ₹237,600 |
| S-HNI (Min) | 3 | 3,600 | ₹356,400 |
| S-HNI (Max) | 8 | 9,600 | ₹950,400 |
| B-HNI (Min) | 9 | 10,800 | ₹1,069,200 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,286,000 (47.24%) |
|
•
Anchor Investor Shares Offered
|
1,368,000 (28.27%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
918,000 (18.97%) |
| NII (HNI) Shares Offered | 698,400 (14.44%) |
|
•
bNII > ₹10L
|
464,400 (9.60%) |
|
•
sNII < ₹10L
|
234,000 (4.84%) |
| Individual Investors Shares Offered | 1,612,800 (33.33%) |
| Market Maker Shares Offered | 242,400 (4.99%) |
| Total Shares Offered | 4,839,600 (100.00%) |
India's railways move over 13 million people every day and behind the scenes, companies like IC Electricals Company Limited keep the electrical systems running safely and reliably. Incorporated in 2005 and headquartered in New Delhi, IC Electricals has spent two decades building a focused, credible presence in the railway electronics and electrification space. The company operates across two complementary verticals manufacturing electronic equipment for railway applications and executing turnkey electrification projects for Indian Railways. On the manufacturing side, its product range covers regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, vigilance control devices, alternators, traction motors, and permanent magnet alternators with controllers all built to the latest Railway technical standards. On the project side, the company handles complete 25 kV AC overhead electrification schemes from design and supply right through to testing and commissioning. The order book as of August 2025 stood at ₹158.48 crore across product and project divisions the bulk of it from government and railway contracts, which speaks to the institutional trust the company has earned over the years. Financially, FY25 saw revenue grow 23% while profit after tax jumped 104% a sharp improvement driven by better execution and operating leverage.
Standalone · ₹ in Crores
| Particulars | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total Revenue | 99.75 | 122.39 | 143.81 |
| Profit After Tax (PAT) | 4.62 | 9.41 | 14.1 |
| EBITDA | 12.14 | 18.34 | 25.66 |
| Total Assets | 143.89 | 160.04 | 193.44 |
| Net Worth | 33.22 | 51.71 | 65.74 |
| Reserves & Surplus | 27.11 | 36.12 | 50.2 |
| Total Borrowing | - | - | - |
Revenue & Profit Trend
The basis of allotment for IC Electricals Co. IPO was finalised on 08 Jul 2026. You can check your allotment status using your PAN number or application number on the Skyline Financial Services Pvt.Ltd. portal or BSE.
The IC Electricals Co. IPO is expected to open in Jul 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for IC Electricals Co. IPO is ₹94.00 - ₹99.00 per share.
As per market sources, IC Electricals Co. IPO GMP is currently ₹47.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for IC Electricals Co. IPO stands at 420.16x overall.
The listing date for IC Electricals Co. IPO is 10 Jul 2026.
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