INDO SMC IPO
INDO SMC is a BSE SME IPO listed on the BSE SME platform, priced at ₹141–₹149 per share. The stock debuted at ₹149 with a flat listing performance. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹2,98,000.
INDO SMC Limited IPO
- IPO Dates
- Jan 13, 2026 – Jan 16, 2026
- Price band
- ₹141-149 per equity share
- Minimum Investment
- ₹2,98,000
- Issue size
- ₹91.95 Cr
- Lot size
- 1000
- Allotment Date
- Jan 19, 2026
- Listing
- Jan 21, 2026
- Listing At
- BSE SME
IPO timeline
-
Jan 13, 2026
Open Date
Completed
-
Jan 16, 2026
Close Date
Completed
-
Jan 19, 2026
Allotment Date
Completed
-
Jan 21, 2026
Listing Date
Completed
INDO SMC IPO Subscription Details
View Subscription DetailsINDO SMC IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:INDO SMC IPO Essentials
INDO SMC IPO Details
INDO SMC IPO is priced at ₹141-149 per share with a total issue size of 91.95 crore. The IPO has a lot size of 1000 shares and is listed on BSE SME.
- Issue price
- ₹141-149 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 61,71,000 shares(aggregating up to ₹91.95 Cr)
- Total issue size
- 61,71,000 shares
(aggregating up to ₹91.95 crore) - Fresh issue
- 61,71,000 shares
(aggregating up to ₹91.95 crore) - Listing at
- BSE SME
- List price
- 149.0
- Listing date
- Registrar
- Kfin Technologies Ltd.
- Lead manager
-
GYR Capital Advisors Pvt.Ltd.
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 2000 | ₹2,98,000 |
| Individual(max) | 2 | 2000 | ₹2,98,000 |
| sHNI(min) | 3 | 3000 | ₹4,47,000 |
| sHNI(max) | 6 | 6000 | ₹8,94,000 |
| sHNI(min) | 7 | 7000 | ₹10,43,000 |
INDO SMC IPO Reservation
INDO SMC IPO reservation details show category-wise allocation of shares. Out of the total 6171000 shares, approximately 18.99% are reserved for QIB, 14.29% for NII, 33.25% for retail investors, 5.01% for market maker, and 28.46% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1756000 (28.46%) | |
| Market Maker Shares Offered | 309000 (5.01%) | |
| QIB Shares Offered | 1172000 (18.99%) | |
| NII (HNI) Shares Offered | 882000 (14.29%) | |
| bHNI > ₹10L | 588000 (9.39%) | 196 |
| sHNI < ₹10L | 294000 (4.85%) | 98 |
| Individual Shares Offered | 2052000 (33.25%) | 1026 |
| Total Shares Offered | 6171000 (100%) |
INDO SMC IPO Analytics
INDO SMC IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
INDO SMC IPO Subscription Status
INDO SMC IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 110.57x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 11,72,000 |
8,82,000
5,88,000
2,94,000
|
20,52,000 | 41,06,000 |
|
Day 1
13-01-26 05:00 PM
|
0.00 x |
1.00x
1.03x
0.94x
|
1.60 x | 1.01 x |
|
Day 2
14-01-26 05:00 PM
|
0.00 x |
2.60x
2.95x
1.90x
|
3.13 x | 2.12 x |
|
Day 3
16-01-26 05:00 PM
|
94.94 x |
164.94x
193.89x
107.02x
|
96.13 x | 110.57 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 124331 (Approx) | 79.71x | 101.93x | 96.13x |
INDO SMC Valuations
Earnings
- EPS Pre IPO
- ₹9.25/-
- EPS Post IPO
- ₹10.02/-
- P/E Pre IPO
- 16.10
- P/E Post IPO
- 14.86
Returns
- ROE
- 74.45%
- ROCE
- 31.39%
- RoNW
- 43.27%
- PAT Margin
- 11.13%
Fundamentals
- Debt / Equity
- 1.00
- Price / Book
- 6.97
- Market Cap
- 340.54 Cr.
INDO SMC Financials( In Crs.)
| 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 147.67 | 99.94 | 36.32 | 13.85 |
| Revenue | 112.62 | 138.78 | 28.06 | 7.30 |
| Profit After Tax | 11.46 | 15.44 | 3.00 | 0.46 |
| Net Worth | 47.14 | 35.69 | 5.79 | 1.17 |
| Reserves & Surplus | 30.46 | 19.00 | 5.06 | 0.52 |
| Total Borrowing | 49.35 | 35.76 | 17.70 | 10.43 |
INDO SMC Company & Offer Insights
About INDO SMC
The company, INDO SMC Ltd., is involved in the design and manufacture of a variety of goods for electrical, industrial, and infrastructure purposes.
Designing, manufacture 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 & Panels, Fiberglass Reinforced Plastic (FRP) Grating, Junction Boxes, Feeder Pillars, & other Power Distribution & Circuit Protection Switchgears.
The company has testing laboratories to ensure that their products meet quality requirements as well as proper material content.
It is currently operating through four manufacturing facilities situated at Gujarat, Maharashtra, and Rajasthan. The manufacturing unit at Ahmedabad, where it manufactures SMC & FRP products, is equipped with numerous machines and other handling devices to ensure appropriate handling and production.
INDO SMC Promoter(s)
Mr. Nitin Jasvantbhai Patel, Mr. Neel Niteshbhai Shah, Mrs. Riktabahen Sonawala, Mr. Chaitanya Patel, Mr. Rachit Jain are the company's promoters of INDO SMC.
INDO SMC IPO Issue Objectives
- •
- Funding capital expenditure of the company to purchase Plant and Machinery
- •
- Funding the working capital requirements of the company
- •
- General corporate purposes
Contact Information
Contact Details
INDO SMC
+91 7575812866
809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal, Ahmedabad, Gujarat, 380006
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
INDO SMC IPO is a book-built IPO worth ₹91.95 crore. The price band is ₹141–₹149 per share. The IPO opens on Jan 13, 2026 and closes on Jan 16, 2026. It will be listed on BSE SME Platform. Kfin Technologies Ltd. is the registrar.
The price band of INDO SMC IPO is ₹141 to ₹149 per share.
The lot size of INDO SMC IPO is 1000 shares.
The minimum investment for INDO SMC IPO is approximately ₹2,98,000 based on the upper price band .
INDO SMC IPO opens on Jan 13, 2026 and closes on Jan 16, 2026.
The allotment date of INDO SMC IPO is Jan 19, 2026.
INDO SMC IPO is expected to be listed on Jan 21, 2026, on BSE SME Platform.
INDO SMC IPO valuation snapshot: P/E 14.86, EPS ₹10.02/-, P/B 6.97, RoNW 43.27%, and market cap 340.54 Cr.
To apply for INDO SMC IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of INDO SMC IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for INDO SMC IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check INDO SMC IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the INDO SMC IPO allotment status on IPO Ji for quick and easy access.