IC Electricals has secured full subscription for its initial public offering on the first day of public bidding, with the issue opening on Friday, July 3.
The electronic equipment manufacturer’s fresh issue of 4,839,600 shares on the NSE SME platform closed its subscription window on Tuesday, July 7.
Earlier this week, Avience Biomedicals shares surged 90% on their market debut, listing at ₹395.
Grey market trading indicates robust investor interest, with premiums suggesting a potential 44% listing pop.
This speculative pricing reflects optimism around the company’s market position and the broader recovery in sentiment for small and medium enterprise listings in India.
The strong uptake for IC Electricals aligns with a recent trend of successful SME debuts.
Earlier this week, Avience Biomedicals shares surged 90% on their market debut, listing at ₹395.20 against an issue price of ₹208.