IC Electricals IPO

Incorporated in 2005, IC Electricals Company Limited manufactures electronic equipment and engineering solutions for the railway sector. The company supplies a wide range of railway products such as electronic regulators, battery chargers, emergency lighting systems, inverters, vigilance control devices, microprocessor-based control systems, and passenger information systems that comply with Indian Railways' technical standards. 

Apart from manufacturing, the company also undertakes railway electrification projects, including the design, supply, installation, testing, and commissioning of 25 kV AC overhead equipment and traction substations. Its product portfolio further includes alternators, traction motors, and permanent magnet alternators with controllers used in railway operations. 

IC Electricals primarily serves government customers, particularly Indian Railways and its associated departments. The company has successfully executed several railway electrification projects across different railway zones, strengthening its presence in the railway infrastructure segment. 

The company operates well-equipped manufacturing facilities and maintains a nationwide service network with support centers and representatives across state capitals to ensure timely customer service. As of May 31, 2026, IC Electricals employed 288 permanent staff members.