IPO

INDO SMC Limited IPO

BSE SME

Listed On: Jan 21, 2026 at ₹ 149.0

₹ 298000 /2000 Shares
*Min Investment

Check Allotment

13 Jan, 2026

Open Date

16 Jan, 2026

Close Date

19 Jan, 2026

Allotment Date

21 Jan, 2026

Listing Date
Expected Premium
+ ₹9-10 (6.04%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

INDO SMC IPO Live Subscription Details
View Subscription Details
QIB 94.94x
Individual 96.13x
NIIs 164.94x
BHNI 193.89x
SHNI 107.02x
Individual 96.13x
Total 110.57x
Last updated: 16 Jan 2026, 05:57 PM
INDO SMC IPO Issue Details
  • Issue Price ₹141-149 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 61,71,000 shares(aggregating up to ₹91.95 crore)
  • Fresh Share 61,71,000 shares(aggregating up to ₹91.95 crore)
  • Listing at BSE SME
  • List Price 149.0
  • Listing Date 2026-01-21
  • Lead Manager GYR Capital Advisors Pvt.Ltd.
  • Registrar Kfin Technologies 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
BHNI(min) 7 7000 ₹10,43,000
INDO SMC IPO Reservation

INDO SMC IPO offers total 6171000 shares. Out of which 1172000 (18.99%) allocated to QIB, 882000 (14.29%) allocated to NII,2052000 (33.25%) allocated to RII, NA (NA%) allocated to employees and 1756000 (28.46%) allocated to 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%)
bNII > ₹10L 588000 (9.39%)
sNII < ₹10L 294000 (4.85%)
Individual Shares Offered 2052000 (33.25%)
Total Shares Offered 6171000 (100%)
INDO SMC IPO Documents
DRHP
RHP
ANCHOR
INDO SMC IPO Details


INDO SMC Limited IPO is an SME IPO, priced at ₹141-149 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 61,71,000 equity shares, aggregating up to ₹91.95 crores..

The IPO bidding window is open from Jan 13, 2026 to Jan 16, 2026. The allotment is expected to be finalized on Jan 19, 2026, and the tentative listing date is Jan 21, 2026.

The minimum lot size for Individual investors is 2000 shares, with a minimum investment of ₹2,98,000.

GYR Capital Advisors Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Ltd., and

Read More
INDO SMC IPO Subscription Analysis And Details
Retail
96.13x
QIB
94.94x
NII
164.94x
bNII
193.89x
sNII
107.02x
Total
110.57x
As on QIB NII
bNII   sNII 		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 1.00 x
1.03 x   0.94 x 		1.60 x 1.01 x
Day 2 14-01-26 05:00 PM
0.00 x 2.60 x
2.95 x   1.90 x 		3.13 x 2.12 x
Day 3 16-01-26 05:00 PM
94.94 x 164.94 x
193.89 x   107.02 x 		96.13 x 110.57 x
Total No of Applications
1,24,331
Subscription on the basis of Applications
Retail:96.13x BHNI:79.71x SHNI:101.93x
INDO SMC Valuations
EPS Pre IPO ₹9.25/-
EPS Post IPO ₹10.02/-
P/E Pre IPO 16.10
P/E Post IPO 14.86
ROE 74.45%
ROCE 31.39%
Debt/Equity 1.00
RoNW 43.27%
PAT Margin 11.13%
Price to Book Value 6.97
Market Cap. 340.54 Cr.
INDO SMC Company Financials
In Crs.
In Cr.
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
About INDO SMC Company

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.

Read More
INDO SMC - Promoter(s)

Mr. Nitin Jasvantbhai Patel

Mr. Neel Niteshbhai Shah

Mrs. Riktabahen Sonawala

Mr. Chaitanya Patel

Mr. Rachit Jain

Pre Issue Share Holding : 82.30%

Post Issue Share Holding : 60.07%

INDO SMC IPO - Issue Objectives
1

Funding capital expenditure of the company to purchase Plant and Machinery

2

Funding the working capital requirements of the company

3

General corporate purposes

Contact Details

INDO SMC

809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal, Ahmedabad, Gujarat, 380006

+91 7575812866

cs@indosmc.com

http://www.indosmc.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

indo@kfintech.com

https://ipostatus.kfintech.com/