Mumbai, July 10 -- The scrip was listed at Rs 166, a 67.68% premium to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 174.30 and a low of Rs 157.70. About 27.56 lakh shares of the company changed hands at the counter.

IC Electricals Company's IPO was subscribed 390.82 times. The issue opened for bidding on 3 July 2026 and it closed on 7 July 2026. The price band of the IPO was fixed between Rs 94 to Rs 99 per share.

The IPO comprised fresh issue of 48,39,600 equity shares. The company intends to utilize the net proceeds for funding the working capital requirements of the company and general corporate purposes.

Ahead of the IPO, IC Electr...