IC Electricals, an electronic equipment manufacturer, opened its initial public offering (IPO) for public subscription on July 3, 2026. The NSE SME IPO comprises a fresh issue of 48,39,600 shares with a face value of ₹10 each. The IPO was fully subscribed on the first day, with the grey market premium (GMP) indicating a potential listing gain of 44%, according to livemint.com.
The IPO subscription process began on July 3 and will close on July 7, 2026. The strong demand for IC Electricals shares was evident as the issue was fully subscribed on day one. The GMP, which reflects investor sentiment and aftermarket demand, suggests a significant upside for investors upon listing. The company had also raised funds ahead of the public issue, signaling positive market interest.
This IPO comes at a time when the SME segment on the NSE is attracting considerable investor attention, with IC Electricals positioning itself as a key player in electronic equipment manufacturing. The 44% GMP is notable compared to typical SME IPOs, indicating robust market confidence. Such a premium often reflects expectations of strong post-listing performance and growth potential in the sector.
IC Electricals’ IPO subscription window remains open until July 7, 2026, allowing additional investors to participate. The final listing date and price will be announced by the NSE SME platform, with market watchers closely monitoring the stock’s debut given the high GMP and early subscription success.