IC Electricals Limited Link 
Allotment
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.
₹99
0%
Open
₹99
HIgh - Low
₹99
Previous Close
₹99
Total Traded Value
0
52 Weeks High
₹99
52 Weeks Low
₹99
Updates On
Jun 20, 2026
IPO. Open
Jun 25, 2026
IPO. Close
Jun 30, 2026
IPO. Price
₹99.00
IPO Market price
₹180.79 Cr
IPO Details
| IPO Date | 3 Jul |
| IPO Listing Date | 3 Jul |
| IPO Face Value | ₹10 Per Equity Share |
| IPO Price Range | ₹99.00 |
| IPO Issue Size | 48,39,600 Equity Shares |
| IPO Sale Type | Fresh capital cum OFS |
| Employee Discount | |
| IPO Issue Type | Book build Issue |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,34,22,000 shares |
IPO Timeline
| IPO Open Date | 25 Jun |
| IPO Close Date | 30 Jun |
| IPO Allotment (Tentative) | 1 Jul |
| Refunds | 2 Jul |
| Credit to Demat Account | 2 Jul |
| IPO Listing Date | 3 Jul |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 9,18,000 Shares |
| NII (HNI) Shares Offered | 6,98,400 Shares |
| Retail Shares Offered | 16,12,800 Shares |
IPO Lot Size
–
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,37,600 |
| Retail (Max) | 2 | 2,400 | ₹2,37,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,56,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,50,400 |
| B-HNI (Min) | 9 | 10,800 | ₹10,69,200 |
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.
Company Financials (Consolidated)
| Assets | 193.44 | 160.04 | 143.89 |
| Total Income | 143.81 | 122.39 | 99.75 |
| Profit After Tax | 14.1 | 9.41 | 4.62 |
| EBITDA | 25.66 | 18.34 | 12.14 |
| NET Worth | 65.74 | 51.71 | 33.22 |
| Reserves and Surplus | 50.20 | 36.12 | 27.11 |
| Total Borrowing | - | - | - |
Key Performance Indicator (KPI)
| ROE | 24.88% |
| ROCE | 18.47% |
| Debt/Equity | - |
| RoNW | 24.88% |
| PAT Margin | 9.84% |
| EBITDA Margin | 17.96% |
| Price to Book Value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | ₹33.60 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
IC Electricals Co.Ltd.
156 DSIDC
Okhla INDL
Area Phase
North Delhi, New Delhi, 110020
Phone: +91 011 490507
Email: info@icelectricals.in
Website: https://www.icelectricals.in/
Detail Registrar
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IC Electricals IPO is an NSE SME IPO through which the company plans to raise approximately ₹48 crore.
The IPO will open on June 25, 2026, and close on June 30, 2026.
The price band is fixed at ₹94 to ₹99 per equity share.
The IPO allotment is expected to be finalized on July 1, 2026.
IC Electricals IPO is scheduled to list on NSE SME on July 3, 2026.
The company manufactures electrical and electronic equipment for the railway sector, including power control systems, battery chargers, and alternators.
Its key strengths include a specialized railway focus, diversified product portfolio, and in-house R&D capabilities.
The company depends heavily on railway and government orders and faces competition from established industry players.
The company reported revenue of ₹143.81 crore and profit after tax of ₹14.10 crore for the period ended December 2025.
Based on its growing financial performance and railway sector presence, the IPO may be considered by investors with a long-term investment outlook.
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