ListingScoreGMP · subscription · track record

IC Electricals IPO

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

IC Electricals listed at +67.7% against its issue price of ₹99. The book is 295.08 times subscribed overall. The grey market premium is +₹47 (+47.5%), which is an informal figure and not a quoted price. Our call is Apply, on 88% of our checks.

Segment: SME
Price: ₹99
Lot size: 1,200 shares
One lot costs: ₹1,18,800
Issue size: ₹46 Cr
Grey market premium: +₹47 (+47.5%)
Subscribed: 295.08x
Listed at: +67.7%
Our call: Apply

What we checked

Profitable in the latest yearPAT ₹14.1 Cr
Profit grew year on yearPAT +50%
Revenue grew year on yearRevenue +18%
Borrowing under half of net worthDebt/net worth 1.15
Return on net worth above 15%RoNW 23.9%
Post-issue P/E under 40P/E 12.8
Price to book under 6P/B 2.0
Majority is fresh capital100% fresh issue
Promoters keep at least half60.9% held post-issue
Anchor investors participatedAnchor book placed
Overall book more than 10× covered295.1× overall

4 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.

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