Ic Electricals Ipo
IC Electricals IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
NEXGEN Financial Solutions Pvt.Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | July 3, 2026 |
| IPO Close Date | July 7, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹94 to ₹99 Per Share |
| Issue Size | Approx ₹48 Crores, 48,39,600 Equity Shares |
| Fresh Issue | Approx ₹48 Crores, 48,39,600 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | 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 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 13,68,000 Shares | 28.27% |
| QIB (Ex. Anchor) | 9,18,000 Shares | 18.97% |
| NII Shares Offered | 6,98,400 Shares | 14.43% |
| Retail Shares Offered | 16,12,800 Shares | 33.33% |
| Anchor Bidding Date | July 02, 2026 |
| Anchor Investors List | |
| Shares Offered | 13,68,000 Shares |
| Anchor Size | 13.54 Cr. |
| lock-in period end date 50% shares (30 Days) | Aug 7, 2026 |
| lock-in period end date 50% shares (90 Days) | Oct 6, 2026 |
| IPO Open Date: | July 3, 2026 |
| IPO Close Date: | July 7, 2026 |
| Basis of Allotment: | July 8, 2026 |
| Refunds: | July 9, 2026 |
| Credit to Demat Account: | July 9, 2026 |
| IPO Listing Date: | July 10, 2026 |
| IPO Bidding Cut-off Time: | July 7, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,34,22,000 | 82.92% |
| Promoter Holding Post Issue | 1,82,61,600 | 60.94% |
| Purpose | Crores |
| Funding the working capital requirements of the Company | ₹33.60 |
| General Corporate Purpose | ₹- |
| 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 |
| KPI | Values |
| ROE: | 24.88% |
| ROCE: | 18.47% |
| EBITDA Margin: | 17.96% |
| PAT Margin: | 9.84% |
| Debt to equity ratio: | [.] |
| Earning Per Share (EPS): | ₹10.49 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.88% |
| Net Asset Value (NAV): | ₹47.40 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Hind Rectifiers Ltd | 13.10 | 99.50 | 24.62% | 59.88 | 45.01 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |