How to Check IC Electricals Company IPO Allotment Status

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. It also manufactures key railway components including alternators, traction motors, and permanent magnet alternators with controllers. IC Electricals 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, serving 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). As of May 31, 2026, the company employs 288 permanent staff members.

IC Electricals IPO is a book build issue of ₹47.91 crore, entirely comprising a fresh issue of 0.48 crore shares aggregating to ₹47.91 crore. The IPO opened on July 3, 2026, and closed on July 7, 2026. The allotment is expected on Wednesday, July 8, 2026. The share price band was set at ₹94 to ₹99 per share.

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Steps to Check IC Electricals Company IPO Allotment Status on Registrar Site

• Visit the Skyline Financial Services Pvt. Ltd.
• Select "IC Electricals Company" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check IC Electricals Company IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "IC Electricals Company" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

IC Electricals IPO subscribed 419.79 times overall. Here is the category-wise breakdown as of 4:50:00 PM on July 7, 2026:

IC Electricals IPO Subscription Status

• QIB Category (Ex Anchor): 241.75 times
• Non-Institutional Investors (NII): 764.28 times
• Individual Investors: 371.95 times

IC Electricals IPO Share Price and Investment Details

The minimum investment required was ₹2,37,600 for 2 lots (2,400 shares) for individual investors. The issue raised ₹13.54 crore from anchor investors. The issue includes a reservation of up to 2,42,400 shares for the market maker, Mansi Share & Stock Broking Pvt. Ltd. The anchor investor lock-in period ends on August 7, 2026 for 50% of shares (30 days) and October 6, 2026 for the remaining shares (90 days). Given the overall subscription of 419.79 times with exceptional institutional interest at 241.75 times, robust NII participation at 764.28 times, and strong individual investor subscription at 371.95 times, the share price listing expectations remain highly positive.

Utilisation of IPO Proceeds

The proceeds will be utilised entirely for funding the working capital requirements of the Company (₹33.60 crore) and general corporate purposes.

Business Overview

IC Electricals Company Limited is engaged in the business of manufacturing electronic equipment for Railways applications. It largely operates on a B2G model of business providing tailor-made services to Indian Railways. The company posted growth in its top and bottom lines for the reported periods. However, its boosted bottom lines from FY25 onwards raise eyebrows.

The company demonstrated strong financial performance with total income of ₹143.81 crore for FY2026 and a net worth of ₹65.74 crore as of March 31, 2026, with revenue growing 18% and PAT rising 50% year on year. The company benefits from a strong focus on Research & Development, an experienced management team with a proven track record, dedicated service centres in every state capital ensuring customer queries are addressed within 24 hours, and well-equipped manufacturing facilities. However, investors should note the post-issue P/E ratio of 12.82 and Price to Book Value of 2.02.

Check the latest IPO allotment status to stay informed.