31 Mar 2024
Assets143.89
Total Income99.75
EBITDA12.14
Profit After Tax4.62
NET Worth33.22
Reserves and Surplus27.11
Total Borrowing47.81
At a glance
Updated 2026-09-09The shares listed at ₹166.00, a 67.68% move from the issue price. IC Electricals is a SME IPO with an issue size of ₹47.91 crore, proposed for listing on NSE SME. The offer opens on 3rd Jul 2026 and closes on 7th Jul 2026. The issue structure includes a fresh issue of ₹45.51 crore. The current listing schedule points to 10th Jul 2026.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹47.91 Cr
Fresh issue₹45.51 Cr
Face value₹10
Price band₹94.00–₹99.00
Allotment8th Jul 2026
Listing10th Jul 2026
Listing performance
Full performance ↗Issue price₹99.00
Listing price₹166.00
Current price—
Listing gain67.68%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹47.00
GMP / upper price47.47%
Est. listing₹146.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens3rd Jul 2026
Closes7th Jul 2026
Allotment8th Jul 2026
Refund9th Jul 2026
Demat9th Jul 2026
Listing10th Jul 2026
Subscription demand
Full bidding ↗QIB91.55×
sHNI187.69×
bHNI163.59×
NII / HNI163.59×
Retail168.69×
Total420.09×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹237,600 |
Company
Incorporated2005
Use of proceeds
| Object | Amount |
|---|---|
| Funding the working capital requirements of the Company | ₹33.60 Cr |
| General Corporate Purposes | ₹7.13 Cr |
| Issue Expenses | ₹7.19 Cr |
| Total | ₹47.91 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue143.81₹ Cr · +17.5% vs prior year
EBITDA25.66₹ Cr · +39.9% vs prior year
PAT14.10₹ Cr · +49.8% vs prior year
Assets193.44₹ Cr · +20.9% vs prior year
Net Worth65.74₹ Cr · +27.1% vs prior year
Borrowing75.42₹ Cr · +35.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2025
Assets160.04
Total Income122.39
EBITDA18.34
Profit After Tax9.41
NET Worth51.71
Reserves and Surplus36.12
Total Borrowing55.79
31 Mar 2026
Assets193.44
Total Income143.81
EBITDA25.66
Profit After Tax14.10
NET Worth65.74
Reserves and Surplus50.20
Total Borrowing75.42
KPIs
| 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% |
| Price to Book Value | 2.02 |
Valuation & shareholding
Pre-IPO EPS10.50
Post-IPO EPS7.72
Pre-IPO P/E9.42
Post-IPO P/E12.82
Promoter holding pre82.92%
Promoter holding post60.94%
Market cap₹180.79 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| G V Electricals IPO | — | 14.01 x | — | — |
| Anawil Wire IPO | — | 18.43 x | — | — |
| Avana Electrosystems IPO | — | 16.07 x | — | — |
| ATC Energies IPO | — | 20.84 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding the working capital requirements of the Company | ₹33.60 Cr |
| General Corporate Purposes | ₹7.13 Cr |
| Issue Expenses | ₹7.19 Cr |
| Total | ₹47.91 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- NEXGEN Financial Solutions Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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