IC Electricals IPO Allotment Status Today, GMP & Subscription

The IC Electricals SME IPO closed on July 7, 2026, after receiving an exceptional response from investors. The company raised Rs 47.91 crore through a fresh issue and the IPO was subscribed an impressive 420.17 times across all investor categories.

The IPO allotment is expected to be finalized on July 8, 2026. Applicants can check their allotment status through the official registrar, Skyline Financial Services Private Limited, or instantly across multiple PANs using the IPOwiz App.

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IC Electricals IPO GMP Today and Expected Listing Price

The latest Grey Market Premium (GMP) for the IC Electricals SME IPO is Rs 42. Based on the issue price of Rs 99, the estimated listing price works out to around Rs 141 per share, indicating an expected listing gain of nearly 42.42%. GMP reflects unofficial market sentiment and may change before listing.

Note: Grey Market Premium (GMP) is an unofficial market indicator and should not be treated as a guarantee of listing performance. Live GMP updates are available on the IPOwiz Live GMP Tracker.

IC Electricals IPO Subscription Status

The IC Electricals IPO witnessed extraordinary investor demand, closing with an overall subscription of 420.17 times. Demand remained strong across retail, HNI, and institutional investors, making it one of the most heavily subscribed SME IPOs of the year.

Such a high subscription indicates exceptionally strong investor interest. However, it also significantly reduces the probability of allotment, particularly in the retail category where allotment is decided through a lottery system.

IC Electricals IPO Allotment Chances

The IC Electricals SME IPO received an overwhelming response across investor categories. Since the issue was heavily oversubscribed, retail allotment will be decided through a computerized lottery system, while NII investors receive shares on a proportionate basis.

Retail investors were required to apply for a minimum of 2 lots (2,400 shares), translating to an application amount of Rs 2,37,600. With retail subscription exceeding 372 times, the probability of receiving an allotment is very low. Investors who submitted valid applications through separate PANs within their family have comparatively better overall chances, as every eligible application participates independently in the lottery.

How to Check IC Electricals IPO Allotment Status

The IPO allotment is expected to be finalized on July 8, 2026. Investors can check their application status using any of the following methods:

IC Electricals SME IPO Important Dates

Investors who do not receive an allotment will have their blocked ASBA funds automatically released by their bank on July 9, 2026. No separate action is required to receive the refund.

IC Electricals Limited Financial Performance & Company Overview

Incorporated in 2005, IC Electricals Limited manufactures specialized electrical and electronic equipment primarily for Indian Railways. Its product portfolio includes Electronic Rectifier-cum-Regulating Units (ERRU), Vigilance Control Devices (VCD), Passenger Information Systems (PIS), and traction motors used in railway locomotives and coaches. The company mainly operates under a Business-to-Government (B2G) model, supplying products through railway procurement contracts.

IC Electricals reported strong financial growth during FY26, with revenue increasing 18% year-on-year while profit after tax surged 50%. The company maintains healthy profitability, reflected in an EBITDA margin of 17.83% and an ROE of 23.88%. At the upper issue price, the IPO is valued at a post-issue P/E of 12.82x, which appears reasonable compared with many listed engineering and railway equipment companies. Investors should, however, consider the company's significant dependence on Indian Railways and government procurement orders while evaluating its long-term growth potential.

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