IPO Details

About Company

IC Electricals Company Ltd., incorporated in 2005, is a prominent player in the electrical manufacturing sector, specializing in the production of a diverse range of electrical equipment, including transformers, switchgear, and circuit breakers. The company operates under the umbrella of the IC Group, which has a strong foothold in the engineering and manufacturing sectors. IC Electricals boasts a robust product portfolio that caters to both industrial and residential markets, with a focus on quality and innovation. The company has established manufacturing facilities in key locations across India, with a total capacity of 500,000 units per annum, ensuring efficient production and timely delivery. Geographically, IC Electricals has a widespread presence, servicing clients not only in India but also in several international markets, thereby enhancing its distribution network through partnerships with local distributors and retailers. In the latest financial year, IC Electricals reported a total income of INR 500 crore, with a net profit of INR 50 crore, reflecting an EBITDA margin of 15%. The company's return on capital employed (ROCE) stands at 12%, while the return on equity (ROE) is at 10%. The debt-equity ratio is maintained at a healthy 0.5, indicating prudent financial management. The IPO aims to raise funds for expansion into new markets and to reduce existing debt. Post-issue, the market capitalization is expected to reach INR 1,200 crore, with an earnings per share (EPS) of INR 10 and a price-to-earnings (P/E) ratio of 15, suggesting a moderately attractive valuation. Investor sentiment appears positive, driven by the company's growth prospects and strong fundamentals.