Wiscon Industries IPO: Latest News
Wiscon Industries Limited is preparing to launch its ₹110 crore SME IPO on October 27, 2026. The New Delhi-based company supplies consumer electronics, including LED televisions, air coolers, washing machines and air conditioners, primarily under its Wiscon brand.
The IPO will remain open until October 29, 2026, with shares proposed to be listed on the BSE SME platform. The issue combines a fresh issue of shares with an offer for sale by an existing shareholder.
The company plans to use the proceeds to strengthen its subsidiary's manufacturing capabilities, meet working capital requirements and increase marketing activities. Investors can evaluate the company's rapid revenue growth, business model and proposed expansion before applying.
Wiscon Industries IPO Details
| Particular | Details |
|---|---|
| Company Name | Wiscon Industries Limited |
| IPO Opening Date | October 27, 2026 |
| IPO Closing Date | October 29, 2026 |
| Issue Size | ₹110 crore |
| Fresh Issue | Approximately ₹88.01 crore |
| Offer for Sale | Approximately ₹22 crore |
| Price Band | ₹194–₹204 per share |
| Face Value | ₹10 per share |
| Lot Size | 600 shares |
| Minimum Retail Application | 2 lots (1,200 shares) |
| Minimum Investment | ₹2,44,800 at the upper price band |
| Allotment Date | October 30, 2026 (expected) |
| Refund and Demat Credit | November 2, 2026 (tentative) |
| Expected Listing Date | November 3, 2026 |
| Listing Platform | BSE SME |
| Registrar | Maashitla Securities |
| Book Running Lead Manager | Smart Horizon Capital Advisors |
As an SME IPO, the minimum retail application is two lots, requiring ₹2,44,800 at the upper price band, excluding applicable charges.
Wiscon Industries IPO GMP Today
As of October 26, 2026, available IPO trackers have not reported a reliable grey market premium for Wiscon Industries IPO.
| Particular | Details |
|---|---|
| Upper Price Band | ₹204 |
| Latest GMP | No confirmed quote available |
| Indicative Listing Price | Not available |
| Expected Listing Gain | Not established |
The grey market premium is an unofficial indicator and may change before the issue closes. The absence of a GMP quote does not necessarily indicate weak demand, and listing gains are not guaranteed.
About Wiscon Industries Limited
Wiscon Industries operates in the consumer electronics distribution and retail supply business. Its product portfolio includes LED televisions, air coolers, washing machines, air conditioners and electric scooters sold under third-party brands.
The company serves both business-to-business and business-to-consumer customers across India. Its business-to-business distribution channel accounted for nearly 99% of standalone revenue in FY2026, highlighting its dependence on dealers, distributors and institutional buyers.
In May 2025, the company acquired Dalmia Technologies, bringing LED television manufacturing capabilities into its group. It plans to strengthen this manufacturing operation and gradually improve control over product sourcing and production.
Wiscon Industries IPO: Use of Proceeds
The company intends to use the fresh issue proceeds for expansion and operating requirements.
| Particular | Purpose |
|---|---|
| Investment in Dalmia Technologies | ₹15.04 crore for plant and machinery |
| Subsidiary Working Capital | ₹35 crore for incremental working capital requirements |
| Company Working Capital | ₹17 crore for day-to-day operations |
| Marketing and Promotion | Approximately ₹5.23 crore |
| General Corporate Purposes | Remaining eligible proceeds |
The proposed investment in Dalmia Technologies is intended to support manufacturing expansion and improve operational capabilities. The fresh issue proceeds will be received by the company, while the OFS proceeds will go to the selling shareholder.
Wiscon Industries Financial Performance
Wiscon Industries reported substantial growth in FY2026, reflecting the expansion of its consumer electronics business.
| Particular | FY2025 | FY2026 |
|---|---|---|
| Revenue | ₹14.49 crore | ₹196.87 crore |
| Net Profit | ₹1.25 crore | ₹20.41 crore |
| EBITDA | Not stated here | ₹27.87 crore |
The sharp increase in revenue should be considered alongside the company's business expansion and acquisition-related developments. Investors should examine the prospectus for audited financial statements, the distinction between standalone and consolidated figures, cash flows, borrowings and working-capital requirements.
Key Factors Investors Should Consider
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Distribution dependence: A large share of revenue comes from business-to-business customers, making dealer relationships and customer demand important.
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Manufacturing expansion: Investment in Dalmia Technologies may support backward integration, but execution and capacity utilisation remain important.
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Competition: The consumer electronics market includes established brands, distributors and manufacturers competing on pricing and product quality.
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Working capital: Inventory and payment cycles can create significant funding requirements.
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Financial sustainability: Investors should assess whether recent revenue and profit growth can continue.
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SME market risks: SME-listed shares may experience lower liquidity and greater price volatility than mainboard stocks.
Wiscon Industries IPO: Important Dates
The anchor investor bidding is scheduled for October 26, 2026. The public issue will open on October 27 and close on October 29. Allotment is expected on October 30, followed by tentative refunds and demat credit on November 2. The shares are scheduled to list on November 3, 2026.
Investors should confirm the final schedule through official exchange announcements and the registrar.
Should Investors Apply for the Wiscon Industries IPO?
Wiscon Industries offers exposure to India's consumer electronics market through a distribution-led business and its developing manufacturing capabilities. Its FY2026 revenue and profit growth are notable, while the proposed investment in Dalmia Technologies could support future operations.
However, investors should carefully examine the sustainability of growth, dependence on distributors, working-capital needs, competition and IPO valuation. Since a reliable GMP quote is not available, speculative listing-gain estimates should not drive the investment decision.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. IPO details may change. Review the final prospectus and official exchange announcements before investing.
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