Comparison between IC Electricals IPO and PAN HR Solutions IPO.
IC Electricals IPO is a SME Bookbuilding IPO proposed to list at NSE SME while PAN HR Solutions IPO is a SME Bookbuilding proposed to list at BSE SME.
| IC Electricals IPO | PAN HR Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | NEXGEN Financial Solutions Pvt.Ltd. | Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Mansi Share & Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of IC Electricals IPO is up to ₹45.51 Cr whereas the issue size of the PAN HR Solutions IPO is up to ₹14.08 Cr. The final issue price of IC Electricals IPO is ₹99.00 per share and of PAN HR Solutions IPO is ₹78.00 per share.
| IC Electricals IPO | PAN HR Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹94.00 per share | ₹74.00 per share |
| Issue Price (Upper) | ₹99.00 per share | ₹78.00 per share |
| Issue Price (Final) | ₹99.00 per share | ₹78.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1600 shares |
| Fresh Issue Size | 45,97,200 shares | 14,20,800 shares |
| Fresh Issue Size (Amount) | up to ₹45.51 Cr | up to ₹11.08 Cr |
| OFS Issue Size | 0 shares | 3,84,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹3.00 Cr |
| Issue Size Total | 45,97,200 shares | 18,04,800 shares |
| Issue Size Total (Amount) | up to ₹45.51 Cr | up to ₹14.08 Cr |
IC Electricals IPO opens on Jul 03, 2026, while PAN HR Solutions IPO opens on Feb 06, 2026. The closing date of IC Electricals IPO and PAN HR Solutions IPO is Jul 07, 2026, and Feb 10, 2026, respectively.
| IC Electricals IPO | PAN HR Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Jul 02, 2026 | Feb 05, 2026 |
| Issue Open | Jul 03, 2026 | Feb 06, 2026 |
| Issue Close | Jul 07, 2026 | Feb 10, 2026 |
| Basis Of Allotment (Tentative) | Jul 08, 2026 | Feb 11, 2026 |
| Initiation of Refunds (Tentative) | Jul 09, 2026 | Feb 12, 2026 |
| Credit of Share (Tentative) | Jul 09, 2026 | Feb 12, 2026 |
| Listing date (Tentative) | Jul 10, 2026 | Feb 13, 2026 |
| Anchor Lockin End date 1 | Aug 07, 2026 | Mar 14, 2026 |
| Anchor Lockin End date 2 | Oct 06, 2026 | May 14, 2026 |
IC Electricals IPO P/E ratio is 9.42, as compared to PAN HR Solutions IPO P/E ratio of 8.41.
| IC Electricals IPO | PAN HR Solutions IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)IC Electricals Co.Ltd.'s revenue increased by 18% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 82.92 | 90.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.94 | 62.90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.42 | 8.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹180.79 Cr. | ₹56.25 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.88 | 31.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.18 | 38.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.50 | ₹9.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.88 | 27.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the IC Electricals IPO Retail Individual Investors (RII) are offered 16,12,800 shares while in PAN HR Solutions IPO retail investors are offered 16,12,800 shares. Qualified Institutional Buyers (QIB) are offered 9,18,000 shares in IC Electricals IPO and 3,60,000 shares in PAN HR Solutions IPO.
| IC Electricals IPO | PAN HR Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,68,000 shares | 5,37,600 shares |
| Market Maker Reservation | 2,42,400 shares | 3,79,200 shares |
| QIB | 9,18,000 shares | 3,60,000 shares |
| NII | 6,98,400 shares | 2,73,600 shares |
| RII | 16,12,800 shares | 6,33,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 45,97,200 shares | 18,04,800 shares |
IC Electricals IPO subscribed 295.08x in total, whereas PAN HR Solutions IPO subscribed 8.32x.
| IC Electricals IPO | PAN HR Solutions IPO | |
|---|---|---|
| QIB (times) | 241.75x | 6.57x |
| NII (times) | 764.38x | 25.41x |
| Big NII (times) | 936.70x | 31.65x |
| Small NII (times) | 422.38x | 12.93x |
| RII (times) | 372.51x | 8.99x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 295.08x | 8.32x |
