IC Electricals share price hits 5% upper circuit after blockbuster debut

IC Electricals made a blockbuster stock market debut on NSE Emerge, listing at around Rs 166, a 67.7 percent premium to the issue price of Rs 99, before hitting the 5 percent upper circuit on listing day. The SME IPO was subscribed 295.08 times during the three-day bidding window and the company raised Rs 47.91 crore through a fresh issue of 48.39 lakh equity shares. The New Delhi-based firm manufactures electrical and electronic systems for Indian Railways, reporting FY26 revenue of Rs 143.81 crore (up 18 percent YoY) and PAT of Rs 14.10 crore (up 50 percent YoY).