New Delhi, July 10 -- IC Electricals share price hit the 5% upper circuit on Friday, 10 July, after making a blockbuster stock market debut earlier in the day on NSE Emerge. IC Electricals share price today listed at Rs.166, a 67.7% premium to the issue price of Rs.99, on NSE SME.

The IC Electricals IPO was subscribed 295.08 times during the three-day bidding period, which opened on 3 July and closed on 7 July. The company had fixed the price band at Rs.94- 99 per equity share.

IC Electricals Company Limited is engaged in the manufacturing of advanced electrical and electronic systems for the Indian Railways, primarily operating under a Business-to-Government (B2G) model. The company primarily serves government agencies, including the M...