Ic Electricals Company IPO
Ic Electricals Company Limited
Minimum investment
Ic Electricals Company IPO Details
Bidding date
03 Jul - 07 Jul 2026
Price range
₹94 - ₹99
Minimum quantity
2,400
Minimum investment
₹1,12,800
Issue size
₹48 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Ic Electricals Company IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹48 Crore
Fresh Issue: 96% (₹46 Cr)
OFS: 0% (₹0 Cr)
Fresh Issue – ₹46 Crore
- Funding Working Capital Requirements - ₹33.6 Cr
Offer for Sale – ₹0 Crore
Before Issue: 82.92%
After Issue: 60.94%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Minimum Promoters' Contribution (20% of Post-Issue Capital) | 3 Years from the date of allotment |
50% of Promoters' Holding in excess of Minimum Promoters' Contribution | 2 Years from the date of allotment |
Remaining 50% of Promoters' Holding in excess of Minimum Promoters' Contribution | 1 Year from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Ic Electricals Company IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | - |
Non-Institutional Investor | - |
Others | - |
Total | 390.83x |
About Ic Electricals Company IPO: Company Overview
Founded in 2005, IC Electricals Company Limited is engaged in manufacturing electronic equipment and providing engineering solutions for the Indian Railways. The company specializes in developing railway electronic systems such as battery chargers, emergency lights, inverters, vigilance control devices, regulators, and microprocessor-based control systems that comply with modern railway standards. IC Electricals also manufactures critical railway components including alternators, traction motors, and permanent magnet alternators with controllers. In addition, the company executes turnkey railway electrification projects involving design, supply, installation, testing, and commissioning of 25 kV AC overhead electrification and traction substation systems. The company primarily follows a Business-to-Government (B2G) model and serves various government departments, especially the Ministry of Railways. Over the years, IC Electricals has successfully completed multiple railway electrification projects across India. As of May 31, 2026, the company had 288 permanent employees supporting its operations.
Strengths & Risks of Ic Electricals Company IPO
Strong Presence in Railway Electronics: IC Electricals has over two decades of experience in manufacturing railway electronic equipment and providing engineering solutions to Indian Railways, giving it strong industry expertise and credibility.
Diversified Product Portfolio: The company offers a wide range of railway products including battery chargers, vigilance control devices, regulators, alternators, traction motors, and passenger information systems, reducing dependence on a single product category.
Established Relationship with Government Clients: IC Electricals primarily operates under a B2G model and has built long-standing relationships with Indian Railways and other government departments through successful project execution.
Proven Project Execution Capabilities: The company has successfully completed multiple railway electrification projects across different railway zones, demonstrating its technical expertise and execution strength.
Strong Service Network: Dedicated service centers and representatives across state capitals help the company provide timely customer support and address issues within 24 hours.
Dependence on Indian Railways: A significant portion of the company's revenue comes from Indian Railways and government-related projects. Any reduction in railway spending or project delays could impact business performance.
Industry Concentration Risk: The company primarily operates in the railway sector, making its growth dependent on government infrastructure and railway modernization initiatives.
Working Capital Intensive Operations: Manufacturing activities and large-scale railway projects require substantial working capital, which may increase financing requirements and impact cash flows.
Project Execution Risk: Delays in project execution, approvals, supply chain disruptions, or cost overruns may affect profitability and operational performance.
Tender-Based Business Model: Most contracts are awarded through competitive bidding processes, which can lead to pricing pressure and impact profit margins.
Ic Electricals Company Financials: Revenue, Profit & EBITDA
143.81 Cr.
Mar'26
14.1 Cr.
Mar'26
25.66 Cr.
Mar'26
How to Apply for Ic Electricals Company IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Ic Electricals Company IPO Market Sentiment: See How Many Are Interested
Will you apply for Ic Electricals Company IPO?
57 investors voted
FAQs: Ic Electricals Company IPO
Active IPOs | |
|---|---|
Company name | Bid starts |
Alpine Texworld | 14-07-2026 |
Sbi Funds Management | 14-07-2026 |