IC Electricals IPO Subscription Status

By Jagat Joshi
July 7, 2026

IC Electricals IPO subscription status started on Friday July 3, 2026 and will close on July 7, 2026. IC Electricals IPO to raise around ₹48 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹94 to ₹99 per equity share.

Subscription IPO Details GMP Messages Review Allotment Listing

IC Electricals IPO Subscription Status – Day 3

Category	Day 1	Day 2	Day 3
QIB	0.11	3.12	241.75
NII	9.91	91.34	764.38
RII	9.91	92.56	372.50
Total	7.12	66.87	420.09

IPOWatch View

We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.

The IC Electricals IPO minimum market lot is 2,400 shares with ₹2,37,600 application amount. The IC Electricals IPO is a SME IPO, and it is to be listed on NSE SME.

Business Overview

IC Electricals Limited, founded in 2005, is one of the leading engineering and manufacturing companies for the Indian railways. The firm manufactures Electronic systems, Rotating machines, and Railway electrification solutions used in railway operations. The company operates its business under a Business-to-Government (B2G) model, usually earning revenue from government agencies, railway production units, and railway-related OEMs.

Its product portfolio includes a diverse range 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 specialized traction motor components. Along with railway products manufacturing, IC Electricals also offers turnkey railway electrification solutions where they design, supply, install, test, and launch 25 kV AC overhead equipment and traction substations.

IC Electricals IPO Investor Categories

Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
Retail Individual Investors (RII): Retail Individual Investors or NRIs
Employee (EMP): Eligible Employees
Others: Eligible Shareholders

IC Electricals IPO Review and Rating

Neutral

IC Electricals IPO Form

How to apply for the IC Electricals IPO? You can apply for IC Electricals IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IC Electricals IPO in the Invest section. The other option is you can apply for IC Electricals IPO via IPO forms downloaded online. Check out the IC Electricals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.

IC Electricals IPO Subscription Status FAQs:

When IC Electricals IPO Subscription will start?

The IPO subscription starts on July 3, 2026 for QIB, NII, and Retail Investors.

How to subscribe IC Electricals IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live IC Electricals IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

How to Apply the IC Electricals IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “IC Electricals “. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the IC Electricals IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “IC Electricals1.36 “. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the IC Electricals IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “IC Electricals ” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.