IC Electricals IPO Details Future Prospects

IC Electricals Company Limited manufactures electrical and electronic equipment for the railway sector. The company offers power control systems, battery chargers, alternators, passenger information systems, and railway electrification solutions, serving various railway organizations across India.

IC Electricals IPO is scheduled to open for subscription on June 25, 2026, and will close on June 30, 2026. The company aims to raise approximately ₹48 crore through a fresh issue under the Bookbuilding Issue route. The IPO price band has been fixed at ₹94 to ₹99 per share, and the shares are proposed to be listed on NSE SME on July 3, 2026. The allotment is expected to be finalized on July 1, 2026.

IC Electricals IPO Details

IC Electricals IPO Dates

Strengths

• Specialized focus on railway electrical, electronic, and power control equipment.
• Strong product portfolio catering to locomotives, coaches, and railway infrastructure projects.
• In-house research and development capabilities for microprocessor-based railway solutions.

Risks

• High dependence on orders from Indian Railways and government-related projects.
• Delays in project execution or approvals may impact revenue and profitability.
• Intense competition from established railway equipment manufacturers and EPC contractors.

About Company

IC Electricals Company Limited is a railway-focused electrical equipment manufacturer and technology solutions provider established to develop advanced power distribution, control, and instrumentation systems for the Indian railway sector. The company operates under the Safe Group and specializes in research, design, development, manufacturing, supply, installation, testing, and commissioning of railway electrical and electronic equipment. With a strong focus on quality, reliability, performance, and innovation, the company serves various railway zones and railway electrification projects across India.

Product Portfolio

IC Electricals manufactures and supplies a wide range of railway electrical and electronic products, including:

• Electronic Rectifier-cum-Regulating Unit (ERRU)
• Vigilance Control Device for 25 kV AC Tap Changer Locomotives
• Passenger Information System for Coaches and Train Sets
• 4.5 KW Underslung Constant Voltage Regulated Cum Emergency Battery Charger for LHB Coaches
• 6.5 KW Regulated Battery Charger for LHB Coaches and Related Spares
• Auto Engine Start-Stop System with Auxiliary Power Unit for Diesel Electric Locomotives
• 4.5 KW Brushless Alternator
• 25 KW Brushless Alternator
• Auxiliary AC Motors for Locomotives
• Traction Motor Components and Railway Electrical Equipment

The company has manufacturing capabilities for railway electronic systems, rotating machines, battery charging systems, alternators, and locomotive equipment. It also undertakes railway electrification contracts, including the design, supply, erection, testing, and commissioning of 25 kV AC railway electrification infrastructure. Through its Electronics Division, Rotating Machines Division, and Contracts Division, IC Electricals provides integrated solutions for railway modernization and infrastructure development.

FAQs

1. What is IC Electricals IPO?

IC Electricals IPO is an NSE SME IPO through which the company plans to raise approximately ₹48 crore.

2. When will IC Electricals IPO open and close?

The IPO will open on June 25, 2026, and close on June 30, 2026.

3. What is the price band of IC Electricals IPO?

The price band is fixed at ₹94 to ₹99 per equity share.

4. When is the IC Electricals IPO allotment date?

The IPO allotment is expected to be finalized on July 1, 2026.

5. When will IC Electricals IPO be listed?

IC Electricals IPO is scheduled to list on NSE SME on July 3, 2026.

6. What does IC Electricals Company Limited do?

The company manufactures electrical and electronic equipment for the railway sector, including power control systems, battery chargers, and alternators.

7. What are the strengths of IC Electricals?

Its key strengths include a specialized railway focus, diversified product portfolio, and in-house R&D capabilities.

8. What are the risks associated with IC Electricals IPO?

The company depends heavily on railway and government orders and faces competition from established industry players.

9. How has IC Electricals performed financially?

The company reported revenue of ₹143.81 crore and profit after tax of ₹14.10 crore for the period ended December 2025.

10. Is IC Electricals IPO good for long-term investment?

Based on its growing financial performance and railway sector presence, the IPO may be considered by investors with a long-term investment outlook.