Bookbuilding IPO | ₹92 Cr | Listed at BSE SME
INDO SMC IPO is a book build issue of ₹91.95 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹91.95 crore.
INDO SMC IPO bidding started from Jan 13, 2026 and ended on Jan 16, 2026. The allotment for INDO SMC IPO was finalized on Jan 19, 2026. The shares got listed on BSE SME on Jan 21, 2026.
INDO SMC IPO price band is set at ₹149 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,98,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,47,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company areGiriraj Stock Broking Pvt.Ltd., Nikunj Stock Brokers Ltd..
Refer to INDO SMC IPO RHP for detailed Information.
IPO Open
Tue, Jan 13, 2026
IPO Close
Fri, Jan 16, 2026
Issue Price
₹149 per share
Market Cap (Pre-IPO)
₹340.54 Cr
| IPO Date | 13 to 16 Jan, 2026 |
| Listed on | Wed, Jan 21, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹149 |
| Issue Price | ₹149 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 61,71,000 shares (agg. up to ₹92 Cr) |
| Reserved for Market Maker | 3,09,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹5 Cr) Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 58,62,000 shares (agg. up to ₹87 Cr) |
| Share Holding Pre Issue | 1,66,84,350 shares |
| Share Holding Post Issue | 2,28,55,350 shares |
| BSE Script Code | 544681 |
| ISIN | INE0WKY01013 |
INDO SMC IPO offers total 61,71,000 shares. Out of which 29,28,000 (47.45%) allocated to QIB, 11,72,000 (18.99%) allocated to QIB (Ex- Anchor), 8,82,000 (14.29%) allocated to NII 20,52,000 (33.25%) allocated to RII and 17,56,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,09,000 (5.01%) |
| QIB Shares Offered | 29,28,000 (47.45%) |
| − Anchor Investor Shares Offered | 17,56,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 11,72,000 (18.99%) |
| NII (HNI) Shares Offered | 8,82,000 (14.29%) |
| − bNII > ₹10L | 5,88,000 (9.53%) |
| − sNII < ₹10L | 2,94,000 (4.76%) |
| Retail Shares Offered | 20,52,000 (33.25%) |
| Total Shares Offered | 61,71,000 (100.00%) |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,98,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,43,000 |
INDO SMC IPO raises ₹26.16 crore from anchor investors. INDO SMC IPO Anchor bid date is January 12, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 12, 2026 |
| Shares Offered | 17,56,000 |
| Anchor Portion (₹ Cr.) | 26.16 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Feb 15, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Apr 16, 2026 |
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.
The company design and manufacturing of enclosure box for energy meters, high tension current transformer (“HTCT”), high tension potential transformer (“HTPT”), low tension current transformer (“LTCT”), LT/HT distribution boxes and panels, fiberglass reinforced plastic (“FRP”) Grating, junction boxes, feeder pillars and other power distribution and circuit protection switchgears.
The company has in-house testing laboratories to ensure products meet quality requirements and suitable material composition.
The company currently operate through four manufacturing facility, located at Gujarat, Maharashtra and Rajasthan. The manufacturing facility at Ahmedabad where they manufacture SMC and FRP products, comes equipped with a variety of machinery and other handling tools to guarantee appropriate product handling and efficient production.
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 147.67 | 99.94 | 36.32 | 13.85 |
| Total Income | 112.62 | 138.78 | 28.06 | 7.30 |
| Profit After Tax | 11.46 | 15.44 | 3.00 | 0.46 |
| EBITDA | 17.19 | 22.83 | 5.08 | 1.15 |
| NET Worth | 47.14 | 35.69 | 5.79 | 1.17 |
| Reserves and Surplus | 30.46 | 19.00 | 5.06 | 0.52 |
| Total Borrowing | 49.35 | 35.76 | 17.70 | 10.43 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure of the company to purchase Plant and Machinery | 25.71 |
| 2 | Funding the working capital requirements of the company | 52.00 |
| 3 | General Corporate Purposes |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 27.66% | 74.45% |
| ROCE | 17.50% | 31.39% |
| Debt/Equity | 1.05 | 1.00 |
| RoNW | 24.30% | 43.27% |
| PAT Margin | 10.18% | 11.13% |
| EBITDA Margin | 15.27% | 16.45% |
| Price to Book Value | 5.27 | 6.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.25 | 10.02 |
| P/E (x) | 16.1 | 14.86 |
| Promoter Holding | 82.30% | 60.07% |
| Market Cap | ₹340.54 Cr. |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹149.00 |
| Open | ₹149.00 |
| Low | ₹141.55 |
| High | ₹156.45 |
| Last Trade | ₹154.80 |
Lead Manager Reports
INDO SMC IPO is a SME IPO of 61,71,000 equity shares of the face value of ₹10 aggregating up to ₹92 Crores. The issue is priced at ₹149 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Jan 13, 2026, and closes on Fri, Jan 16, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in INDO SMC IPO using UPI as a payment gateway. Zerodha customers can apply in INDO SMC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in INDO SMC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The INDO SMC IPO opens on Tue, Jan 13, 2026 and closes on Fri, Jan 16, 2026.
INDO SMC IPO lot size is 1000, and the minimum amount required for application is ₹2,98,000, with 2 lots being the minimum application size.
You can apply in INDO SMC IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for INDO SMC IPO will be done on Monday, January 19, 2026, and the allotted shares will be credited to your demat account by Tue, Jan 20, 2026. Check the INDO SMC IPO allotment status.
The INDO SMC IPO listing date is on Wed, Jan 21, 2026.
