INDO SMC IPO GMP & Allotment
INDO SMC is a SME IPO with a price band of Rs 141.00 to Rs 149.00 that listed on 21 Jan 2026 at a listing gain of 0.00%. Track its full GMP history, subscription data and listing details here.
- IPO Price Band
- ₹141.00 - ₹149.00
- Lot Size
- 1,000 Shares
- Bidding Closes
- 16 Jan 2026
- Listing Date
- 21 Jan 2026
Complete IPO information
| IPO Open Date | 13 Jan 2026 |
|---|---|
| IPO Close Date | 16 Jan 2026 |
| IPO Price Band | ₹141.00 - ₹149.00 |
| Lot Size | 1,000 Shares |
| Current GMP | ₹0 |
| Estimated Listing Gain | +0.00% |
| Issue Size | - |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | TBA |
| Minimum Investment | ₹2,98,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
IPO Snapshot & Investor Takeaways
At the upper end of its price band, INDO SMC is priced at ₹149 per share. With a minimum lot size of 1,000 shares, a retail investor applying for one lot would need approximately ₹2,98,000 to participate in this SME issue.
The latest recorded Grey Market Premium for INDO SMC stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. This is down ₹15 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
IPO roadmap at a glance
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% |
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 |
Objects of the Issue & Official Documents
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 |
IPO Reservation
| 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% |
INDO SMC IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 13 Jan 2026 |
| IPO Close Date | 16 Jan 2026 |
| Basis of Allotment | 16 Jan 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 21 Jan 2026 |
Note: The timeline for INDO SMC IPO is tentative and subject to change.
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 |
INDO SMC Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
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 | – |
INDO SMC Company Financials
To Be Updated Soon
INDO SMC Company Valuation – FY2026
To Be Updated Soon
INDO SMC IPO Peer Group Comparison
To Be Updated Soon
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 |
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INDO SMC IPO FAQs
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