BY THE NUMBERS.
WHERE IT LANDED.
HOW FULL THE BUS GOT.
TICKET CLASSES.
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Notes: Considering the nature and turnover of the business of the Company, the peers are not strictly comparable. However, the same have been included for broader comparison. Page 140 of 480 The figures for IC Electricals Company Limited are based on the restated Consolidated results for the financial year ended March 31, 2026. The figures for the peer group are based on Consolidated audited results for the Period ended March 31, 2026 • Current Market Price (CMP) is the closing price of respective scrip as on June 17, 2026.
WHAT THE MONEY IS FOR.
WHO GETS WHICH SEATS.
Incorporated in 2005, IC Electricals Company Limited is engaged in the manufacturing of electronic equipment for railway applications and in providing engineering solutions to Indian Railways. The company offers a diverse range of electronic products including regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, all compliant with the latest technical standards. In addition, the company manufactures key railway components such as alternators, traction motors, and permanent magnet alternators with controllers. IC Electricals also undertakes turnkey railway electrification projects, covering design, supply, erection, testing, and commissioning of 25 kV AC overhead equipment and traction substation systems. The company primarily operates on a Business-to-Government (B2G) model, catering mainly to government departments and ministries, including the Ministry of Railways. Its key product offerings include Electronic Rectifier-cum-Regulating Units (ERRU), Vigilance Control Devices (VCD), Regulated Battery Chargers, and GPS-based Passenger Announcement & Passenger Information Systems (PAPIS). IC Electricals has successfully executed multiple railway electrification projects such as the Gorakhpur-Kaptanganj-Valmiki Nagar section under the North Eastern Railway and the Ara-Sasaram section under the East Central Railway. As of August 31, 2025, the company employs 220 permanent staff members.
ON THE ROSTER.
COMMON QUESTIONS.
What is the IC Electricals IPO price band?+
The indicative price band is ₹99 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).
What is the lot size of the IC Electricals IPO?+
One lot is 1200 shares. At the upper band of ₹99, one lot works out to ₹1,18,800.
When does the IC Electricals IPO open and close?+
The issue opened on 03 Jul 2026 and closed on 07 Jul 2026. Dates can move — the registrar and the exchange notices are the record.
When is the IC Electricals IPO allotment?+
Allotment is scheduled for 08 Jul 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When did IC Electricals list?+
Listing took place on 10 Jul 2026 on NSE SME.
Where will IC Electricals be listed?+
IC Electricals is listed on NSE SME. It is an SME issue, so it trades on the SME platform.
How large is the IC Electricals IPO?+
The issue size is ₹47.91 Cr — a fresh issue of ₹45.51 cr. Figures are indicative and subject to the RHP.
How was the IC Electricals IPO subscribed?+
The issue was subscribed 295.08× overall. By category: qib 241.75×, nii 764.38×, small hni 422.38×, big hni 936.7×, retail 372.51×. Subscription figures are as reported by the exchanges.
At what price did IC Electricals list?+
IC Electricals listed at ₹166, +67.68% against the issue price.
Who is the registrar for the IC Electricals IPO?+
The registrar to the issue is Skyline Financial Services Pvt.Ltd. (011-26812682), ipo@skylinerta.com.
Where can I check the IC Electricals IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://www.skylinerta.com/ipo.php. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.
What is the P/E ratio of the IC Electricals IPO?+
The P/E ratio on file for this issue is 9.42, and the post-issue P/E is 12.82, stated as of 31 Mar 2026. A reported ratio is not a view on value.