IC Electricals SME IPO Subscription
ListedUpdated 10 July 2026, 9:15 AM IST· NSE SME
IC Electricals SME IPO subscription closed on 7 July 2026 at 420.17x overall by shares. QIB demand came in at 241.75x, NII at 764.72x, and retail at 372.51x. See Retail, SHNI, and BHNI allotment chances in the table…
IC Electricals SME IPO subscription closed on 7 July 2026 at 420.17x overall by shares. QIB demand came in at 241.75x, NII at 764.72x, and retail at 372.51x. See Retail, SHNI, and BHNI allotment chances in the table below.
Show moreShow less
Allotment date is 8 July 2026. Listing date on NSE and BSE is 10 July 2026.
IC Electricals SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 3 Jul 2026 | 0.11x | 9.94x | 10.02x | 7.18x |
| Day 2 - 6 Jul 2026 | 3.12x | 91.51x | 93.58x | 67.42x |
| Day 3 - 7 Jul 2026 | 241.75x | 764.38x | 372.50x | 420.09x |
IC Electricals SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
IC Electricals SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 372.51x | 1 in 373 |
| SHNI (Rs 2L to Rs 10L) | 373.69x | 1 in 374 |
| BHNI (above Rs 10L) | 296.49x | 1 in 296 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the IC Electricals SME IPO Allotment Status page from 8 July 2026 for your result.
IC Electricals SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 99.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 9.09 Cr | Rs 2,197.11 Cr | 241.75x |
| FII | - | Rs 404.21 Cr | - |
| DFI | - | Rs 225.07 Cr | - |
| Mutual Funds | - | Rs 15.68 Cr | - |
| Other | - | Rs 1,552.16 Cr | - |
| NII | Rs 6.91 Cr | Rs 5,287.42 Cr | 764.72x |
| bNII (above Rs 10L) | Rs 4.61 Cr | Rs 4,308.94 Cr | 934.81x |
| Corporate | - | Rs 50.01 Cr | - |
| Individual | - | Rs 4,206.62 Cr | - |
| Other | - | Rs 52.30 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.30 Cr | Rs 978.48 Cr | 424.56x |
| Corporate | - | Rs 4.54 Cr | - |
| Individual | - | Rs 965.44 Cr | - |
| Other | - | Rs 8.51 Cr | - |
| IND | Rs 15.97 Cr | Rs 5,947.79 Cr | 372.51x |
| Total | Rs 31.97 Cr | Rs 13,432.32 Cr | 420.17x |
IC Electricals SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 765 | 149 | 0.19x |
| FII | - | 34 | - |
| DFI | - | 10 | - |
| Mutual Funds | - | 3 | - |
| Other | - | 102 | - |
| NII | 194 | 62,537 | 322.36x |
| bNII (above Rs 10L) | 129 | 38,247 | 296.49x |
| Corporate | - | 417 | - |
| Individual | - | 37,446 | - |
| Other | - | 384 | - |
| sNII (Rs 2L to Rs 10L) | 65 | 24,290 | 373.69x |
| Corporate | - | 117 | - |
| Individual | - | 23,962 | - |
| Other | - | 211 | - |
| IND | 672 | 2,50,328 | 372.51x |
| Total | 1,631 | 3,13,014 | 191.92x |
What Do These Subscription Numbers Mean?
420.17x overall by shares means bids covered about 420 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 241.75x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (322.36x by applications). Split: SHNI 373.69x, BHNI 296.49x by applications. SHNI and BHNI allotment is by lottery.
At 372.51x subscription by applications, about 1 in 373 retail applicants may get allotment (~1% chance per application). Retail allotment is also by lottery.
IC Electricals SME IPO GMP After Subscription
GMP for IC Electricals SME stands at Rs 47.00 today, giving an estimated listing price of Rs 146.00 per share.
A subscription of 420.17x combined with a GMP of 47.47% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the IC Electricals SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
IC Electricals SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 3 July 2026 |
| IPO Close Date | 7 July 2026 |
| Allotment Date | 8 July 2026 |
| Refund Initiation | 9 July 2026 |
| Share Credit to Demat | 9 July 2026 |
| Listing Date | 10 July 2026 |
| Minimum Investment | Rs 2,37,600.00 |
| Lot Size | 1200 shares |
About IC Electricals SME
IC Electricals Company Limited, incorporated in 2005, is an established electronic equipment manufacturer and engineering solutions provider specializing in critical applications for the Indian Railways. Operating on a strict Business-to-Government (B2G) framework, the company design-engineers technical railway systems including Electronic Rectifier-cum-Regulating Units (ERRU), microprocessor control blocks, battery chargers, inverters, vigilance control devices (VCD), and GPS-based Passenger Announcement & Information Systems (PAPIS). In addition to manufacturing rolling stock components like traction motors and permanent magnet alternators, the enterprise executes turnkey railway electrification systems covering design, erection, and commissioning of 25 kV AC overhead equipment and traction substations.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
IC Electricals SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
IC Electricals SME Details
Issue size, price, financials, and company info
IC Electricals SME GMP
Live grey market premium and listing estimate
IC Electricals SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
IC Electricals SME Allotment
Allotment date, chances, and check by PAN
IC Electricals SME Review
SWOT, strengths, risks, and IPO review
IC Electricals SME FAQ
Common questions on dates, GMP, and allotment
IC Electricals SME Registrar
Registrar website and how to check allotment
IC Electricals SME Timeline
Open, close, allotment, and listing dates
IC Electricals SME News
Updates, blogs, and latest IPO news
IC Electricals SME IPO Subscription FAQs
What is IC Electricals SME IPO subscription status today?
IC Electricals SME IPO subscription closed on 7 July 2026 with overall subscription of 420.17x (by shares) as of 22 August 2026, 3:01 PM IST. QIB 241.75x, NII 322.36x, IND 372.51x.
What is the overall subscription of IC Electricals SME IPO?
IC Electricals SME IPO is subscribed 420.17x overall by shares at close on 7 July 2026. QIB 241.75x, NII 322.36x, and IND 372.51x.
What is IC Electricals SME IPO QIB subscription?
IC Electricals SME IPO QIB (Qualified Institutional Buyers) subscription is 241.75x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is IC Electricals SME IPO IND subscription?
IC Electricals SME IPO IND subscription is 372.51x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is IC Electricals SME IPO NII, SHNI, and BHNI subscription?
IC Electricals SME IPO NII subscription is 322.36x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 373.69x and BHNI (above Rs 10L) at 296.49x.
What are IC Electricals SME IPO retail allotment chances?
At 372.51x subscription by applications, about 1 in 373 retail applicants may get allotment (~1% chance per application). Allotment is by lottery.
What are IC Electricals SME IPO SHNI allotment chances?
At 373.69x subscription by applications, about 1 in 374 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 424.56x. Allotment chances use applications, not share volume.
What are IC Electricals SME IPO BHNI allotment chances?
At 296.49x subscription by applications, about 1 in 296 BHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 934.81x. Allotment chances use applications, not share volume.
When is IC Electricals SME IPO allotment date?
IC Electricals SME IPO allotment date is 8 July 2026. Check IC Electricals SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does IC Electricals SME IPO subscription close?
IC Electricals SME IPO subscription closed on 7 July 2026. No new applications are accepted after the close.
What is IC Electricals SME IPO GMP today?
IC Electricals SME IPO GMP is ₹47 today (+47.47% over issue price ₹99). See live GMP on the IC Electricals SME IPO GMP Today page.
What is IC Electricals SME IPO issue price and lot size?
IC Electricals SME IPO issue price is ₹99 per share. Lot size is 1200 shares. Minimum investment is ₹2,37,600 per lot (minimum 2 lots for SME). Issue size: ₹47.91 Cr.
When is IC Electricals SME IPO listing date?
IC Electricals SME IPO listing date is 10 July 2026 on NSE and BSE. Allotment is on 8 July 2026.
How does subscription affect IC Electricals SME IPO allotment?
In IC Electricals SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 420.17x overall, competition is very high.
For allotment results from 8 July 2026, visit the IC Electricals SME IPO Allotment Status page. For listing day updates on 10 July 2026, download the IPOwiz App.
Sources
We match IC Electricals SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.