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IPO Synopsis

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IPO

IC Electricals Company Ltd
Initial public offering up to 48,39,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of IC Electricals Company Limited ("ICEL" or the "Company") for cash at a price of Rs. 99 per equity share (the "Issue Price"), aggregating to Rs. 47.91 Crores ("the Issue"). Out of the issue 2,42,400 equity shares aggregating to Rs. 2.40 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 45,97,200 equity shares of face value of Rs. 10/- each at an issue price of Rs. 99 per equity share aggregating to Rs. 45.51 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.50% and 25.17%, respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 99/- per equity share of face value Rs. 10/- each. The floor price is 9.9 times the face value of equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
Issue
Opens On Closes On
03-Jul-26 07-Jul-26
Money Payable On
Application Allotment
99.00 0.00
Minimum Application for shares in Nos : 2400 Further Multiples of : 1200
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Nexgen Financial Solutions Private Limited
Project Financed through Current Offer (.Cr) 47.91  
Post Issue Equity Share Capital (.Cr) 18.26
Issue Price () 99.00
Projects
Funding the Working Capital requirement
General corporate purposes
Promoted By
Sunil Kumar Verma
Renu Verma
Aakansha Verma
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt