NSE List Price : ₹166.00

subscription

Category	Times
QIBs	241.75x
HNIs	764.2x
Retail	370.55x
Total : 419.07x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹237,600
Retail Maximum	2	2,400	₹237,600
S-HNI Minimum	3	3,600	₹356,400
S-HNI Maximum	8	9,600	₹950,400
B-HNI Minimum	9	10,800	₹1,069,200

About the Company

Established in 2005, IC Electricals Limited is a prominent engineering and manufacturing company serving the Indian railway sector. The company specializes in producing electronic systems, rotating equipment, and railway electrification solutions that support various railway operations. It follows a Business-to-Government (B2G) business model, generating a significant portion of its revenue from government organizations, railway production units, and railway-related OEMs.

The company offers a broad portfolio of railway products, including electronic rectifier-cum-regulating units (ERRUs), battery chargers, vigilance control devices, passenger information systems, emergency lighting systems, alternators, traction motors, and critical traction motor components. In addition to manufacturing railway equipment, IC Electricals provides comprehensive railway electrification services, covering the design, supply, installation, testing, and commissioning of 25 kV AC overhead electrification systems and traction substations.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹99.75	₹93.72	₹4.62	₹143.89
2025	₹122.39	₹109.75	₹9.41	₹160.04
2026	₹143.81	₹124.88	₹14.10	₹193.44

Company Promoter

Mr. Sunil Kumar Verma

Mrs. Renu Verma

M/s SHBD LLP

M/s Safe System India Private Limited

Know before investing

• • Strengths

  Strong R&D Expertise: The company has a dedicated research and development team engaged in developing new products and enhancing existing offerings, helping improve product quality, optimize costs, and meet the evolving requirements of both domestic and international markets.

  Modern Manufacturing Facilities: The company operates a technologically advanced manufacturing unit in Haridwar, Uttarakhand, equipped with modern machinery and streamlined production processes that support efficient manufacturing, shorter lead times, and timely order fulfillment.

• • Risks

  Reliance on Railway Contracts: A significant share of the company’s revenue is generated from contracts secured from the Ministry of Railways and its associated entities. Any decline in railway infrastructure expenditure, changes in government policies, delays in contract execution, or cancellation of orders could have an adverse effect on the company’s revenue and overall financial performance.

  Client Concentration Risk: The company depends on a relatively small number of customers for a substantial portion of its income. The loss of any major customer or a decrease in order volumes from key clients could negatively impact business operations, revenue generation, and financial stability.

Objects of the Issue & Utilisation of proceeds

Funding the working capital requirements of the Company.

General Corporate Purpose.

Company  Address

IC Electricals Co.Ltd.
156 DSIDC
Okhla INDL
Area Phase
North Delhi, New Delhi, 110020
Phone: +91 011 490507
Email: info@icelectricals.in
Website: https://www.icelectricals.in/

IPO Registrar

Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

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