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INDO SMC Ltd

IPO Details · GMP · Subscription · Financials
✅ Listed BSE SME SME
Issue Price
₹149
Per Share
GMP
+₹30
+20.13% Grey Market
Est. Listing
₹179
Expected Price
Min. Application
₹298,000
2 lots × 1000 shares
IPO Issue Details
Issue Price / Price Band₹149 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size61,71,000 shares (agg. up to ₹92 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 13 Jan 2026
Subscription CloseThu, 15 Jan 2026
Anchor AllotmentMon, 12 Jan 2026
Basis of AllotmentFri, 16 Jan 2026
Initiation of RefundsMon, 19 Jan 2026
Credit of Shares to DematMon, 19 Jan 2026
Listing DateTue, 20 Jan 2026
UPI Mandate Deadline5:00 PM on 15 Jan 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,98,000 — 2,000 shares
Retail — Max (13 Lots)₹1,937,000 (13 Lots)
HNI — Min (3 Lots)₹4,47,000 — 3,000 shares
QIB Quota47.45% of Issue
NII / HNI Quota14.29% of Issue
Retail Quota33.25% of Issue
Market Maker Quota5.01% of Issue
EPS (Pre-IPO)₹9.25
EPS (Post-IPO)₹10.02
P/E Ratio (Pre-IPO)16.1x
P/E Ratio (Post-IPO)14.86x
Net Offer to Public58,62,000 shares (agg. up to ₹87 Cr)
Reserved for Market Maker3,09,000 shares (agg. up to ₹5 Cr)
Pre-IPO Promoter Holding1,66,84,350 shares
Post-IPO Promoter Holding2,28,55,350 shares
About INDO SMC Ltd

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:Diverse Product RangeStrong Manufacturing CapabilitiesIndustry Expertise and LeadershipRobust Quality Assurance and controlEstablished relationship with customers

Shareholding & Lock-in
Pre-IPO Promoter Holding 1,66,84,350 shares
Post-IPO Promoter Holding 2,28,55,350 shares
Check Allotment Check Status →
INDO SMC Ltd — Live Price LIVE
₹149.00
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Issue Price
₹149.00
Issue Price
₹149.00
Face Value
₹10
Lot Size
1,000 sh
Listed On
20 Jan 2026
Exchange
BSE SME
GMP
+₹30
Symbol: BSE:INDO
Quick Facts
GMP Signal 🟢 Positive
StatusListed
Issue Price₹149
GMP+₹30
Est. Listing₹179
Lot Size1,000 shares
Min Amount₹298,000
Listing Date20 Jan 2026
QIB Shares2,928,000
NII Shares882,000
Retail Shares2,052,000
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹149
Listing Date20 Jan 2026
Listing Price₹—
Listing Gain/Loss—%
52-Week High₹—
52-Week Low₹—
GMP Trend — INDO SMC Ltd Post-listing trend
Issue Price ₹149.00
GMP +₹30
Est. Listing ₹179.00
Status: Listed
INDO SMC Ltd IPO Subscription Status
Total shares offered: 61,71,000 (100.00%). Issue price: ₹149. Subscription data will be updated once the IPO opens for bidding.
IPO Subscription Status Category-wise (as reported by BSE/NSE)
Category Shares Offered* Total Amt* (₹ Cr.)
Anchor
309,000 ₹4.600
QIB (Ex Anchor)
2,928,000 ₹43.630
NII
882,000 ₹13.140
Retail
2,052,000 ₹30.570
Total ** 6,171,000 ₹91.950
*: "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
Important Dates
Subscription OpensTue, 13 Jan 2026
Subscription ClosesThu, 15 Jan 2026
Anchor AllotmentMon, 12 Jan 2026
Basis of AllotmentFri, 16 Jan 2026
Initiation of RefundMon, 19 Jan 2026
Demat CreditMon, 19 Jan 2026
Listing DateTue, 20 Jan 2026
UPI Mandate Deadline5:00 PM on 15 Jan 2026 (Day 3)
Check AllotmentClick here →
Lot Size & Investment Table
ApplicationLotsSharesAmount
Retail (Min — 2 Lots) 2 2,000 ₹298,000
Retail (Max — 13 Lots) 13 13,000 ₹1,937,000
S-HNI (Min — 14 Lots) 14 14,000 ₹2,086,000
S-HNI (Max — 66 Lots) 66 66,000 ₹9,834,000
B-HNI (Min — 67 Lots) 67 67,000 ₹9,983,000
* Issue Price ₹149 × Lot Size 1,000 shares
Basis of Allotment — INDO SMC Ltd IPO
Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares) 882,000 2,052,000 2,934,000
Allotment price (Rs.) 149 149 149 149 149 149 149 149
No. of applications
No. of shares applied
Amount collected (Rs.cr.) 43.63 4.60 48.23 13.14 30.57 91.94
No. of times subscribed
No. of shares allotted 882,000 2,052,000 2,934,000
Amount (Rs.cr.) 43.63 4.60 48.23 13.14 30.57 43.72
No. of allottees
* Based on upper price band ₹149
** Anchor investor allotment is excluded from total shares offered to public.
IPO Shares Offered (Issue Structure)
Category Shares Offered Amt (₹ Cr) Size (%)
Anchor / Market Maker 309,000 ₹4.60
5.01%
QIB (Ex Anchor) 2,928,000 ₹43.63
47.45%
NII / HNI 882,000 ₹13.14
14.29%
Retail (RII) 2,052,000 ₹30.57
33.25%
Total 6,171,000 ₹91.95
100.00%
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue from Operations 112.62 138.78 28.06
EBITDA 17.19 22.83 5.08
Profit After Tax (PAT) 11.46 15.44 3.00
Net Worth 47.14 35.69 5.79
Total Assets 147.67 99.94 36.32
Reserves & Surplus 30.46 19.00 5.06
Total Borrowings 49.35 35.76 17.70
EBITDA Margin (%) 15.27
PAT Margin (%) 10.18
Key Ratios & Valuation
Issue Price₹149
Face Value₹10 Per Share
Price / Book Value (P/BV)5.27
Return on Equity (RoE)27.66%
Return on Capital Employed (RoCE)17.50%
Return on Net Worth (RoNW)24.30%
PAT Margin (%)10.18
EBITDA Margin (%)15.27
Debt / Equity Ratio1.05
Issue Structure & Shareholding
Total Shares Offered61,71,000 (100.00%)
Net Offer to Public58,62,000 shares (agg. up to ₹87 Cr)
Reserved for Market Maker3,09,000 shares (agg. up to ₹5 Cr)
Pre-Issue Promoter Holding1,66,84,350 shares
Post-Issue Promoter Holding2,28,55,350 shares
Script CodeNot Available
Objects of the Issue

INDO SMC Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI:

1
Object 1
2
Object 2
3
Object 3
Issue Composition & Shareholding
Issue TypeBookbuilding IPO
Sale TypeFresh Capital
Total Shares Offered61,71,000 (100.00%)
Net Offer to Public58,62,000 shares (agg. up to ₹87 Cr)
Reserved for Market Maker3,09,000 shares (agg. up to ₹5 Cr)
Pre-Issue Promoter Holding1,66,84,350 shares
Post-Issue Promoter Holding2,28,55,350 shares
Company Details
Company Name
INDO SMC Ltd
Listing Exchange
BSE SME
IPO Type
allottees IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
Not Available
Registered Address
809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal, Ahmedabad, Gujarat, 380006
IPO Registrar (Share Transfer Agent)
Kfin Technologies Ltd.
Official IPO Registrar & Share Transfer Agent
Book Running Lead Managers (BRLM)
GYR Capital Advisors Pvt.Ltd
Book Running Lead Manager (BRLM)
IPO Allotment
Check Allotment Status Check Now
Quick Actions
Check Allotment Status
IPO Timeline
IPO Opens
13 Jan 2026, Tue
✓ Done
IPO Closes
15 Jan 2026, Thu
✓ Done
Basis of Allotment
16 Jan 2026, Fri
✓ Done
Initiation of Refunds
19 Jan 2026, Mon
✓ Done
Credit of Shares
19 Jan 2026, Mon
✓ Done
Listing Day
20 Jan 2026, Tue
✓ Done
Quick Summary
Issue Price₹149
Face Value₹10
Lot Size1,000 Shares
Min. Investment₹298,000
Open Date13 Jan 2026
Close Date15 Jan 2026
Allotment16 Jan 2026
Listing Date20 Jan 2026
ExchangeBSE SME
GMP+₹30
Est. Listing₹179
IPO Subscription FAQs
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INDO SMC Ltd Subscription
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