Listed
SME IPO
INDOSMC
INDO SMC
INDO SMC IPO ke live GMP, listing timeline, price band, subscription momentum aur key issue details yahan track karein.
IPO Details
Complete IPO information
| Current GMP |
₹0 |
| Estimated Listing Gain |
+0.00% |
| Price Band |
₹141.00 - ₹149.00 |
| Issue Price |
₹149.00 |
| Listing Price |
₹149.00 |
| Lot Size |
1,000 Shares |
| Issue Type |
SME |
| Issue Size |
TBA |
| Registrar |
TBA |
| Exchange |
NSE, BSE |
| Retail Quota |
TBA |
| Overall Subscription |
TBA |
| Listing Date |
21 Jan 2026 |
| Minimum Investment |
₹2,98,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
13 Jan 2026
02
Bidding Closes
16 Jan 2026
Grey Market Premium
Daily GMP status
| Date |
GMP |
Change |
Gain |
| 21 Jan 2026 |
₹10.00 |
-₹15.00
|
6.71% |
| 19 Jan 2026 |
₹25.00 |
-₹7.00
|
16.78% |
| 14 Jan 2026 |
₹32.00 |
-₹3.50
|
21.48% |
| 13 Jan 2026 |
₹35.50 |
+₹0.50
|
23.83% |
| 12 Jan 2026 |
₹35.00 |
-
|
23.49% |
Market Lot
Application size breakdown
| Category |
Lots |
Shares |
Amount |
| Retail Minimum |
2 Lot |
2,000 |
₹2,98,000 |
| Retail Maximum |
2 Lot |
2,000 |
₹2,98,000 |
| S-HNI Minimum |
3 Lot |
3,000 |
₹4,47,000 |
| S-HNI Maximum |
6 Lot |
6,000 |
₹8,94,000 |
| B-HNI Minimum |
7 Lot |
7,000 |
₹10,43,000 |
Analysis
INDO SMC IPO Details
| IPO Open Date |
January 13, 2026 |
| IPO Close Date |
January 15, 2026 |
| Face Value |
₹10 Per Equity Share |
| IPO Price Band |
₹141 to ₹149 Per Share |
| Issue Size |
Approx ₹92 Crores |
| Fresh Issue |
Approx ₹92 Crores |
| Issue Type |
Book Build Issue |
| IPO Listing |
BSE SME |
Analysis
INDO SMC IPO Market Lot
| Application |
Lot Size |
Shares |
Amount (₹) |
| Retail Minimum |
2 |
2,000 |
₹2,98,000 |
| Retail Maximum |
2 |
2,000 |
₹2,98,000 |
| S-HNI Minimum |
3 |
3,000 |
₹4,47,000 |
| S-HNI Maximum |
6 |
6,000 |
₹8,94,000 |
| B-HNI Minimum |
7 |
7,000 |
₹10,43,000 |
| Investor Category |
Shares Offered |
Reservation (%) |
| Anchor Investor |
17,56,000 Shares |
28.46% |
| QIB (Ex. Anchor) |
11,72,000 Shares |
18.99% |
| NII |
8,82,000 Shares |
14.29% |
| Retail |
20,52,000 Shares |
33.25% |
Analysis
INDO SMC IPO Anchor Investors
| Anchor Bidding Date |
January 12, 2026 |
| Shares Offered |
17,56,000 Shares |
| Anchor Size |
– Cr. |
| Lock-in Period (50% Shares – 30 Days) |
February 15, 2026 |
| Lock-in Period (50% Shares – 90 Days) |
April 16, 2026 |
Analysis
INDO SMC IPO Dates
| IPO Open Date |
January 13, 2026 |
| IPO Close Date |
January 15, 2026 |
| Basis of Allotment |
January 16, 2026 |
| Refunds |
January 19, 2026 |
| Credit to Demat Account |
January 19, 2026 |
| IPO Listing Date |
January 20, 2026 |
| IPO Bidding Cut-off Time |
January 15, 2026 – 5 PM |
Analysis
Promoters and Holding Pattern
| Promoter Holding (Pre Issue) |
1,66,84,350 Shares (82.30%) |
| Promoter Holding (Post Issue) |
2,28,55,350 Shares (60.07%) |
Analysis
Objects of the Issue & Utilisation of Proceeds
| Purpose |
Amount (₹ Crores) |
| Funding capital expenditure for purchase of Plant & Machinery |
₹25.71 |
| Funding working capital requirements of the company |
₹52.00 |
| General Corporate Purposes |
– |
Analysis
About INDO SMC IPO
Indo SMC Limited designs and manufactures a variety of electrical enclosures and switchgear products. These include energy meter boxes, high-tension and low-tension current and potential transformers (HTCT, HTPT, LTCT), distribution boxes and panels, junction boxes, feeder pillars, and fiberglass grating. Its products are made from materials like sheet moulding compounds (“SMC”), fiberglass reinforced plastic (“FRP”), copper, mild steel, and stainless steel, etc.
The company runs its operations through its 4 manufacturing facilities situated in Gujarat, Maharashtra, and Rajasthan. The business designs a wide range of products serving electrical, industrial, and infrastructure applications. Indo SMC incorporates advanced machinery and equipment to ensure timely delivery and offer high-quality products to meet the requirements of clients.
Analysis
INDO SMC IPO Company Financial Report
| Period Ended |
Revenue (₹ Cr) |
Expense (₹ Cr) |
PAT (₹ Cr) |
Assets (₹ Cr) |
| 2023 |
7.30 |
6.66 |
0.46 |
99.94 |
| 2024 |
28.06 |
24.37 |
3.00 |
99.94 |
| 2025 |
138.78 |
119.67 |
15.44 |
13.85 |
| September 2025 |
112.62 |
98.58 |
11.46 |
147.67 |
Analysis
INDO SMC IPO Valuation – FY2025
| Return on Equity (ROE) |
74.45% |
| Return on Capital Employed (ROCE) |
31.39% |
| EBITDA Margin |
16.45% |
| PAT Margin |
11.13% |
| Debt to Equity Ratio |
1.00 |
| Earning Per Share (EPS) |
₹9.61 (Basic) |
| Price / Earning (P/E) Ratio |
N/A |
| Return on Net Worth (RoNW) |
43.27% |
| Net Asset Value (NAV) |
₹21.39 |
Analysis
Peer Group Comparison
| Company |
EPS |
P/E Ratio |
RoNW (%) |
NAV |
Income (₹ Cr) |
| Aeron Composite Limited |
7.84 |
13.01 |
13.21% |
59.33 |
220.76 |
| RMC Switch Gear Limited |
29.81 |
14.75 |
29.40% |
101.39 |
319.42 |
