IC Electricals Company Limited
IPO Details
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₹39(39.39%)
Premium (ELP)
IC Electricals Company Limited's successfully completed its Initial Public Offering and commenced trading on Jul 10, 2026 at the NSE exchange. The company raised 48,39,600 Shares through this public offering, comprising 48,39,600 Shares in fresh capital.
The IPO was priced within the band of ₹94 to ₹99, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Jul 03, 2026 to Jul 07, 2026.
Share allotment was finalized on Jul 08, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Railway Industry Expertise : Specialized product portfolio and project execution capabilities for Indian Railways.
- Focus on Innovation & R&D : Continuous research and development help maintain compliance with evolving railway standards.
- Nationwide Service & Manufacturing Network : Strong service support and well-equipped facilities enhance customer satisfaction and execution efficiency.
- High Dependence on Indian Railways : Revenue is largely tied to railway sector spending and government contracts.
- Regulatory & Tender-Based Risks : Business is subject to tender processes, approvals, and policy changes.
- Project Execution Risk : Delays or cost overruns in electrification and infrastructure projects may impact profitability.
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