IC Electricals IPO — GMP Today, Price Band, Dates & Listing
IC Electricals SME IPO (IC Electricals Company, NSE: ICELCO) opened on 3 Jul 2026 and closed on 7 Jul 2026 on NSE SME. Price band Rs 94–99, lot size 1,200 shares (minimum application Rs 237,600, two lots, the SME minimum application, at the upper band). Listed on 10 Jul 2026 at +76.06% over the issue price on day one.
IC Electricals IPO details
| Status | Listed |
| Open date | 3 Jul 2026 |
| Close date | 7 Jul 2026 |
| Price band | Rs 94–99 |
| Lot size | 1,200 shares |
| Minimum investment | Rs 237,600 (two lots, the SME minimum application, at the upper band) |
| Face value | Rs.10 |
| Issue type | 100 % Book Building |
| Issue size (NSE summary) | Initial Public Offer of fresh Issue up to 48,39,600 Equity Shares (including Market Maker portion of 2,42,400 Equity Shares and Anchor Allocation 13,68,000 Equity Shares) |
| Listing date | 10 Jul 2026 (listed) |
| Exchange | NSE SME |
| Lead managers | Nexgen Financial Solutions Private Limited |
| Registrar | Skyline Financial Services Private Limited |
| NSE symbol | ICELCO |
| Prospectus | Red herring prospectus (NSE archive, zip) |
Face value, lot, issue type, issue size, lead managers and registrar are as filed on NSE's IPO detail page (ICELCO). Page data as of 15 Sep 2026.
Subscribed 390.83x on NSE (NSE + BSE combined 390.83x) as of 7 Jul 2026, 19:00 IST (NSE). Category and day-wise breakdown.
Key dates
| Issue opens | 3 Jul 2026 |
| Issue closes | 7 Jul 2026 |
| Basis of allotment | 8 Jul 2026 (expected, T+1) |
| Refunds / demat credit | 9 Jul 2026 (expected, T+2) |
| Listing | 10 Jul 2026 (listed) on NSE SME |
Post-close dates follow SEBI's T+3 listing timeline counted in working days from the close; registrar and exchange notices are final.
IC Electricals listing performance
| Issue price | Rs 99.00 |
| Listed on | 2026-07-10 |
| Listing day open | Rs 166.00 |
| Listing day close | Rs 174.30 |
| Listing gain (close vs issue) | +76.06% |
| Latest close | Rs 120.10 |
| Return since issue | +21.31% |
Listing-day and latest prices from NSE end-of-day data (symbol ICELCO). Latest close as of 2026-09-15. Listing-day gain is measured within the listing week and is unaffected by corporate actions; return since issue is price-only, excludes dividends and is not adjusted for splits or bonuses.
What the GMP means for IC Electricals
Grey Market Premium (GMP) is the unofficial premium at which an IPO's shares change hands before listing. A positive GMP signals bullish pre-listing sentiment, but it is unregulated, volatile and routinely diverges from the actual listing price in both directions — treat it as a thermometer, never a forecast. Read our full What is GMP? guide for how the grey market works.
Apply, allotment and listing
- How to apply: step-by-step UPI/ASBA instructions in our IPO application guide.
- Allotment status: registrar link and the T+3 timeline on the IC Electricals allotment page.
- Compare with other issues: the full live board is on IPO GMP Today and the IPO Calendar.
- Need a demat account? see best brokers for IPO applications.
FAQs on IC Electricals IPO
What is IC Electricals IPO GMP today?
IC Electricals has listed, so its grey market premium no longer applies. The listing performance table on this page has the actual debut price and gain.
When did the IC Electricals IPO open and close?
IC Electricals's subscription window opened on 3 Jul 2026 and closed on 7 Jul 2026.
What is the IC Electricals IPO price band and lot size?
For IC Electricals, the price band is Rs 94–99 and one lot is 1,200 shares (minimum application Rs 237,600, two lots, the SME minimum application, at the upper band).
Who is the registrar for the IC Electricals IPO?
The registrar to the IC Electricals IPO is Skyline Financial Services Private Limited (as filed on NSE). Allotment status is checked on the registrar's website once the basis of allotment is finalised — the link is on our IC Electricals allotment status page.
How did IC Electricals perform on listing day?
IC Electricals listed on 10 Jul 2026 and closed its first day at Rs 174.30, +76.06% against the issue price (NSE end-of-day data).