IC Electricals Company Ltd (NSE SME)

IC Electricals Company Limited is an established player in the electrical engineering and equipment manufacturing sector. The company specializes in producing high-quality electrical components, power distribution units, and heavy industrial electrical solutions tailored for commercial, infrastructure, and public utility projects.

Business Verticals

• Electrical Component Manufacturing: Fabricating high-durability switches, circuit breakers, and industrial-grade wiring accessories.

• Power Distribution Infrastructure: Engineering customized power panels, distribution boards, and heavy control panels for large-scale enterprise deployments.

Track Record

• Balanced Reservation Structure: The corporate framework has allocated a balanced reservation matrix, setting aside 28.27% for Anchor Investors, 18.97% for QIBs, 14.43% for HNIs, and a significant 33.33% dedicated directly to Individual Retail investors.

• Strategic Market Execution: The company enters the public domain with an optimized production framework aimed at catering to expanding commercial electrical infrastructure demands across major regional hubs.

IC Electricals Company Ltd IPO GMP

As of June 19, 2026, the Grey Market Premium (GMP) is trading around ₹17.

Note: Reflecting a steady premium of ~17.2% before its public subscription window opens, early grey market trends indicate an estimated initial listing price around ₹116 against the upper issue price cap of ₹99.

IC Electricals Company Ltd IPO Allotment Status

The allotment is scheduled to be finalized on July 01, 2026.

Check IC Electricals Allotment Status

To check your status online, visit the official exchange tracking portals or look up updates through the assigned registrar's allocation platform once active.

You can verify your status via:

• NSE official SME tracking portal

• Authorized Registrar's tracking channel

• Using your PAN number, Application ID, or DP ID/Client ID

Strengths

• Steady Grey Market Traction: Commands healthy organic interest with an early premium of over 17% signaling positive sentiment from market participants.

• Diversified Product Basket: Broad technical capabilities spanning from regular commercial electrical elements to high-performance heavy industrial control panels.

• Robust Retail Allocation: Features a substantial retail reservation block (33.33%), offering higher allotment probability for individual retail applications.

Weaknesses

• Raw Material Headwinds: Profitability margins remain directly exposed to price volatility in copper, aluminum, and high-grade metal alloys.

• Highly Fragmented Segment: Operates inside a competitive market environment filled with large-scale organized conglomerates and unorganized regional fabricators.

How the Company Will Use IPO Money

The fresh issue proceeds (₹47.91 Cr) will be utilized for:

• Working Capital Requirements: Funding daily working capital needs for heavy raw copper and electrical component inventories.

• General Corporate Purposes: Meeting regular strategic management growth operations, corporate positioning, and legal public listing expense outlays.

Lead Manager & Registrar

• Market Maker: Designated processing market makers can be tracked via the official exchange filing updates.

• Registrar Information: Allotment accounts, transactional data verification, and investor database management are handled through the designated processing registrar partners.