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INDO SMC IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Jan 13 to Jan 16 2026
Price Band ₹141 - 149
Current GMP ₹149.0(0.00%)
Subscription 110.49 times

IPO Details

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 (agg. up to ₹ 5 Cr) Giriraj Stock Broking Pvt.Ltd. 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

IPO Subscription Details

Anchor
1
Market Maker
1
QIB (Ex Anchor)
94.94
NII***
164.59
bNII (> ₹10L)
193.37
sNII (< ₹10L)
107.02
Individual Investors
96.13
Total **
110.49

Day Wise Sub

DayJan 1 3 (Day 1)
QIB (Ex Anchor)0.00
NII*1.00
NII (> ₹10L)1.03
NII (< ₹10L)0.94
Individual Investors1.60
Total1.01
DayJan 1 4 (Day 2)
QIB (Ex Anchor)0.00
NII*2.25
NII (> ₹10L)2.42
NII (< ₹10L)1.90
Individual Investors3.13
Total2.05
DayJan 1 6 (Day 3)
QIB (Ex Anchor)94.94
NII*164.59
NII (> ₹10L)193.37
NII (< ₹10L)107.02
Individual Investors96.13
Total110.49

Day Wise GMP

Date21-01-2026
Price149.00
GMP10(6.71%)
Estimate List Price159
Date20-01-2026
Price149.00
GMP10(6.71%)
Estimate List Price159
Date19-01-2026
Price149.00
GMP19(12.75%)
Estimate List Price168
Date18-01-2026
Price149.00
GMP25(16.78%)
Estimate List Price174
Date17-01-2026
Price149.00
GMP25(16.78%)
Estimate List Price174
Date16-01-2026
Price149.00
GMP32(21.48%)
Estimate List Price181
Date15-01-2026
Price149.00
GMP32(21.48%)
Estimate List Price181
Date14-01-2026
Price149.00
GMP32(21.48%)
Estimate List Price181
Date13-01-2026
Price149.00
GMP32(21.48%)
Estimate List Price181
Date12-01-2026
Price149.00
GMP36(24.16%)
Estimate List Price185
Date11-01-2026
Price149.00
GMP35(23.49%)
Estimate List Price184
Date10-01-2026
Price149.00
GMP35(23.49%)
Estimate List Price184
Date09-01-2026
Price149.00
GMP31(20.81%)
Estimate List Price180
Date08-01-2026
Price149.00
GMP25(16.78%)
Estimate List Price174
Date07-01-2026
Price149.00
GMP25(16.78%)
Estimate List Price174

IPO Important Dates

IPO Open
Tue, Jan 13, 2026
IPO Close
Fri, Jan 16, 2026
Allotment
Mon, Jan 19, 2026
Refund
Tue, Jan 20, 2026
Credit of Shares
Tue, Jan 20, 2026
Listing
Wed, Jan 21, 2026

IPO Lot Size

ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,98,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,98,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹4,47,000
ApplicationS-HNI (Max)
Lots6
Shares6,000
Amount₹8,94,000
ApplicationB-HNI (Min)
Lots7
Shares7,000
Amount₹10,43,000

Key Performance Indicator

ROE
27.66%
ROCE
17.50%
Debt/Equity
1.05
RoNW
24.30%
PAT Margin
10.18%
EBITDA Margin
15.27%
Price to Book Value
5.27

Peers Comparison

Company NameINDO SMC Ltd
EPS (Basic)9.61
EPS (Diluted)9.61
NAV (₹ per share)21.39
P/E (x)
RoNW (%)43.27
P/BV Ratio
Company NameAeron Composite Limited
EPS (Basic)7.84
EPS (Diluted)7.84
NAV (₹ per share)59.33
P/E (x)13.34
RoNW (%)13.21
P/BV Ratio1.73
Company NameRMC switch gear limited
EPS (Basic)29.81
EPS (Diluted)29.81
NAV (₹ per share)101.39
P/E (x)25.28
RoNW (%)29.40
P/BV Ratio4.35

IPO Reservation

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%)

Information about company

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:

Objectives of IPO

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

Disclaimer

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