IC Electricals Company Limited
SMEICELCO • NSE
Issue details
Price band
₹94 - ₹99
Lot size
1,200 shares
Issue size
₹48 Cr
Min. investment
₹1,18,800
Registrar
Skyline Financial Services
Grey market premium
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IPO Timeline
Open
3 Jul
Close
7 Jul
Allotment
8 Jul
Listing
10 Jul
- Refunds & demat credit
- 9 Jul 2026
- Mandate end
- 22 Jul 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,200shares 1 lot · ₹1,18,800 | 1,200shares 1 lot · ₹1,18,800 |
| HNI | 2,400shares 2 lots · ₹2,37,600 | No limit funds permitting |
Based on the upper price band of ₹99 and a lot of 1,200 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹46 Cr
45,97,200 shares
Shares pre-issue
1,34,22,000
Shares post-issue
1,82,61,600
Reservation
- QIB
- 22,86,000
- NII
- 6,98,400
- Retail
- 16,12,800
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 10.5 | 7.72 |
| P/E | 9.42 | 12.82 |
| Market cap | ₹132.88 Cr. | ₹318.30 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 23.88% |
| ROCE | 18.18% |
| Debt/Equity | 1.13 |
| RoNW | 23.88% |
| PAT Margin | 9.84% |
| EBITDA Margin | 17.83% |
| NAV | 48.98 |
| Price to Book Value | 2.02 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 143.81 | 122.39 | 99.75 |
| Profit after tax | 14.1 | 9.41 | 4.62 |
| EBITDA | 25.66 | 18.34 | 12.14 |
| Net worth | 65.74 | 51.71 | 33.22 |
| Assets | 193.44 | 160.04 | 143.89 |
| Reserves & surplus | 50.2 | 36.12 | 27.11 |
| Total borrowing | 75.42 | 55.79 | 47.81 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding the working capital requirements of the Company₹33.6 Cr
- 2.General Corporate Purposes₹7.13 Cr
- 3.Issue Expenses₹7.19 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Vivid Electromech Ltd.SME | ₹555 | 19.2 | ₹563.05 | +1.45% |
| INDO SMC Ltd.SME | ₹149 | 16.1 | ₹154.80 | +3.89% |
| Sugs Lloyd Ltd.SME | ₹123 | 11.91 | ₹125.85 | +2.32% |
| Parth Electricals & Engineering Ltd.SME | ₹170 | 18.05 | ₹182.70 | +7.47% |
| Smarten Power Systems Ltd.SME | ₹100 | 11.75 | ₹151.20 | +51.20% |
| Fujiyama Power Systems Ltd.Mainboard | ₹228 | 40.85 | ₹208.44 | -8.58% |
| Emmvee Photovoltaic Power Ltd.Mainboard | ₹217 | 34.9 | ₹219.40 | +1.11% |
| Saatvik Green Energy Ltd.Mainboard | ₹465 | 24.35 | ₹440.70 | -5.23% |
| Mangal Electrical Industries Ltd.Mainboard | ₹561 | 24.31 | ₹535.35 | -4.57% |
| Vikram Solar Ltd.Mainboard | ₹332 | 75.16 | ₹356.40 | +7.35% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.