IC Electricals IPO allotment today: SME IPO subscribed 420x, GMP rises. Here's how to check status online

IC Electricals SME IPO allotment is scheduled for July 8, 2026, with listing on NSE SME expected on July 10. The book-built issue of 48.39 lakh fresh shares priced between Rs 94 and Rs 99 aggregated to Rs 47.91 crore and was subscribed 420.09 times, with retail at 372.51x, NII at 764.38x, and QIB at 241.75x. Grey market premium stands at Rs 42 per share, implying an estimated listing price of around Rs 141, about a 42% premium over the upper price band. The company manufactures electronic equipment for railway applications and plans to use proceeds mainly for working capital needs.