IC Electricals IPO Allotment: Status Check, Listing Date
Investors bidding for the IC Electricals IPO will have their allotment finalized on July 8, 2026, a day after the issue closes for subscription on July 7, 2026. As a book-building issue priced in the range of ₹94 to ₹99 per share, the final allotment will depend on the subscription levels received across the retail, QIB, and NII categories during the bidding window that opens on July 3, 2026.
IC Electricals, a railway engineering and manufacturing company, is looking to raise close to ₹48 crores through this fresh issue, and with a Business-to-Government (B2G) revenue model, many investors are keeping a close watch on how the issue gets subscribed before allotment day. Once the basis of allotment is finalized, investors who do not receive shares can expect refunds to be processed by July 9, 2026, while successful applicants will see shares credited to their demat accounts on the same date.
The stock is scheduled to make its debut on the NSE SME platform on July 10, 2026, giving allottees their first opportunity to trade the shares. If you have applied or plan to apply for this issue, here’s a complete guide on how to check your allotment status, along with all the key dates, lot sizes, and reservation percentages you should know before and after the allotment is out.
How to Check IC Electricals IPO Allotment Status
Via the Registrar (Skyline Financial Services)
- Visit the official Skyline Financial Services IPO status page.
- Select “IC Electricals Limited” from the list of companies.
- Enter your application number, PAN, or DP/Client ID as required.
- Submit the form to view your allotment result.
Via BSE/NSE
- Go to the BSE IPO allotment status page.
- Choose “Equity” and select “IC Electricals” from the issue name dropdown.
- Enter your application number and PAN.
- Click submit to view your status.
IC Electricals IPO Market Lot Details
The IC Electricals IPO had a minimum market lot of 2,400 shares. Retail investors were required to apply for at least 2 lots (2,400 shares), amounting to ₹2,37,600, which was also the maximum permissible retail application. Small HNI (S-HNI) investors needed to bid for a minimum of 3 lots (3,600 shares) up to a maximum of 8 lots (9,600 shares), while Big HNI (B-HNI) investors had to apply for at least 9 lots, or 10,800 shares, amounting to ₹10,69,200. The table below summarizes the lot-wise application details.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,37,600 |
| Retail Maximum | 2 | 2,400 | ₹2,37,600 |
| S-HNI Minimum | 3 | 3,600 | ₹3,56,400 |
| S-HNI Maximum | 8 | 9,600 | ₹9,50,400 |
| B-HNI Minimum | 9 | 10,800 | ₹10,69,200 |
Investors who applied above the retail limit were automatically categorized under the S-HNI or B-HNI segments based on their bid size.
IC Electricals IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | July 3, 2026 |
| IPO Close Date | July 7, 2026 |
| Bidding Cut-off Time | July 7, 2026 – 5 PM |
| Basis of Allotment Finalization | July 8, 2026 |
| Refund Initiation | July 9, 2026 |
| Credit of Shares to Demat Account | July 9, 2026 |
| Listing Date | July 10, 2026 |
Investors are advised to keep these dates handy, as delays in refunds or demat credit are best confirmed directly with the registrar.
Category-Wise Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investor | 13,68,000 Shares | 28.27% |
| QIB (Ex. Anchor) | 9,18,000 Shares | 18.97% |
| NII | 6,98,400 Shares | 14.43% |
| Retail | 16,12,800 Shares | 33.33% |
A higher subscription in any one category generally leads to a lower allotment probability for individual applicants within that segment.
Note: Day-wise subscription figures were not available at the time of writing and will be updated once the bidding data is published by the exchange. For details on anchor investor allocation and lock-in schedules, please refer to the official RHP/prospectus.
About IC Electricals
Founded in 2005, IC Electricals Limited is engaged in engineering and manufacturing for the Indian railway sector. The company makes electronic systems, rotating machines, and railway electrification equipment used in rail operations, functioning largely on a Business-to-Government (B2G) model with revenue primarily coming from government agencies, railway production units, and railway-related OEMs. Its product range covers electronic rectifier-cum-regulating units (ERRUs), battery chargers, vigilance control devices, passenger information systems, emergency lighting systems, alternators, traction motors, and related components. Beyond manufacturing, the company also undertakes turnkey railway electrification projects, handling the design, supply, installation, testing, and commissioning of 25 kV AC overhead equipment and traction substations.
For details on promoter shareholding pattern and the exact use of IPO proceeds, please refer to the official RHP/prospectus filed with SEBI.
Frequently Asked Questions
The basis of allotment is scheduled to be finalized on July 8, 2026.
You can check your IC Electricals allotment status on the registrar Skyline Financial Services’ website, or via the BSE allotment status page, using your application number, PAN, or demat details.
Skyline Financial Services Pvt. Ltd. is handling the allotment process for IC Electricals IPO issue.
The shares are set to list on the NSE SME platform on July 10, 2026.
The issue is priced in the range of ₹94 to ₹99 per equity share and the minimum application is for 2,400 shares (one retail lot), requiring an investment of ₹2,37,600.
This article is for informational purposes only and should not be considered investment advice. IPO investments are subject to market risks. Please read the official RHP/prospectus and consult a qualified financial advisor before making any investment decision.
