IC Electricals SME IPO Subscription Status
IC Electricals SME IPO closed on 7 July 2026 with an overall subscription of 420.17x based on shares applied. QIB demand came in at 241.75x, NII at 764.72x, and retail at 372.51x.
Allotment will be finalised on 8 July 2026. The stock is scheduled to list on NSE and BSE on 10 July 2026.
Issue Price
Rs 99.00
GMP Today
Rs 47.00 (+47.47%)
Overall Subscription
420.17x
Issue Size
₹47.91 Cr
Allotment Date
8 Jul 2026
Listing Date
10 Jul 2026
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?
A subscription of 420.17x by shares means the IPO received bids for 420 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 241.75x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 241.75x, it reflects serious institutional conviction.
NII at 322.36x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 296.49x and sNII at 373.69x by applications. Share subscription was 764.72x. Allotment uses application count, not share volume.
At 372.51x subscription by applications, approximately 1 in 373 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
IC Electricals SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 372.51x.
- •Allotment odds: about 1 in 373 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 373.69x.
- •Allotment odds: about 1 in 374 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 424.56x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 296.49x.
- •Allotment odds: about 1 in 296 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 934.81x. Allotment uses application count, not share volume.
Check the IC Electricals SME IPO Allotment Status page from 8 July 2026 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
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 19 July 2026, 6:17 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. Minimum retail bid is up to Rs 2 lakh per PAN.
What is IC Electricals SME IPO NII subscription?
IC Electricals SME IPO NII (Non-Institutional Investors) subscription is 322.36x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in IC Electricals SME IPO for retail?
At 372.51x subscription by applications, approximately 1 in 373 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
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?
Allotment odds in IC Electricals SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 322.36x by applications means roughly 1 in 322 for minimum-lot bids; bNII at 296.49x (~1 in 296). 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.