IC Electricals SME IPO Details, Financials, Valuation & Peers

IC Electricals Company Limited, incorporated in 2005, specializes in the manufacturing of electronic equipment for railway applications and providing engineering solutions to Indian Railways. The company operates on a Business-to-Government (B2G) model, primarily serving government departments and ministries, including the Ministry of Railways.

Key products and services include a diverse range of electronic equipment such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, all compliant with the latest technical standards. The company also manufactures critical railway components like alternators, traction motors, and permanent magnet alternators with controllers. Furthermore, IC Electricals undertakes turnkey railway electrification projects, encompassing design, supply, erection, testing, and commissioning of 25 kV AC overhead equipment and traction substation systems. Notable product offerings include Electronic Rectifier-cum-Regulating Units (ERRU), Vigilance Control Devices (VCD), Regulated Battery Chargers, and GPS-based Passenger Announcement & Passenger Information Systems (PAPIS).

Key highlights of IC Electricals include:

• Railway Application Specialization: Focus on manufacturing electronic equipment and providing engineering solutions specifically for railway applications.
• Diverse Product Portfolio: Offers a wide array of electronic and railway components, including control systems and traction equipment.
• Turnkey Project Execution: Capability to manage entire railway electrification projects from conception to completion.
• Government Sector Focus: Primarily operates within the Business-to-Government (B2G) model, catering to national railway authorities.
• Project Success: Demonstrated experience in executing significant railway electrification projects for Indian Railways.