INDO SMC Limited Link 
Allotment
INDO SMC IPO is a book-built issue aggregating to ₹91.95 crore, consisting entirely of a fresh issue of 0.62 crore equity shares.
The IPO will open for subscription on January 13, 2026, and close on January 15, 2026. The basis of allotment is expected to be finalized on January 16, 2026, and the shares are proposed to be listed on the BSE SME platform with a tentative listing date of January 20, 2026.
The price band for the IPO is fixed at ₹141 to ₹149 per share. The lot size is 1,000 shares.
Retail Investors are required to apply for a minimum of 2 lots (2,000 shares), amounting to ₹2,98,000 at the upper price band.
HNI Investors must apply for a minimum of 3 lots (3,000 shares), with an investment amount of ₹4,47,000.
GYR Capital Advisors Pvt. Ltd. is the Book Running Lead Manager, while Kfin Technologies Ltd. is acting as the Registrar to the Issue.
The Market Makers for the IPO are Giriraj Stock Broking Pvt. Ltd. and Nikunj Stock Brokers Ltd.
Investors are advised to refer to the INDO SMC IPO Red Herring Prospectus (RHP) for detailed information.
₹149
0%
Open
₹149
HIgh - Low
₹149
Previous Close
₹149
Total Traded Value
0
52 Weeks High
₹149
52 Weeks Low
₹149
Updates On
Jan 5, 2026
IPO. Open
Jan 13, 2026
IPO. Close
Jan 15, 2026
IPO. Price
₹149.00
IPO Market price
₹340.54 Cr
IPO Details
| IPO Date | 20 Jan |
| IPO Listing Date | 20 Jan |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹149.00 |
| IPO Issue Size | 61,71,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 1,66,84,350 shares |
IPO Timeline
| IPO Open Date | 13 Jan |
| IPO Close Date | 15 Jan |
| IPO Allotment (Tentative) | 16 Jan |
| Refunds | 19 Jan |
| Credit to Demat Account | 19 Jan |
| IPO Listing Date | 20 Jan |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 29,28,000 |
| NII (HNI) Shares Offered | 8,82,000 |
| Retail Shares Offered | 20,52,000 |
IPO Lot Size
Investors can apply for a minimum of 2,000 shares, and bids can be made in multiples of 1,000 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,98,000 |
| 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 Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructure applications.
The company specializes in the design and manufacturing of enclosure boxes for energy meters, high tension current transformers (HTCT), high tension potential transformers (HTPT), low tension current transformers (LTCT), LT/HT distribution boxes and panels, fiberglass reinforced plastic (FRP) gratings, junction boxes, feeder pillars, and other power distribution and circuit protection switchgears.
INDO SMC Ltd operates in-house testing laboratories to ensure its products meet stringent quality standards and are manufactured using appropriate material compositions.
The company currently operates four manufacturing facilities located across Gujarat, Maharashtra, and Rajasthan. Its Ahmedabad facility, where SMC and FRP products are manufactured, is equipped with a wide range of machinery and material-handling tools to ensure efficient production and proper product handling.
Competitive Strengths
Diverse product portfolio
Strong manufacturing capabilities
Experienced management and industry leadership
Robust quality assurance and control systems
Long-standing and established customer relationships
Company Financials (Consolidated)
| Assets | 147.67 | 99.94 | 36.32 |
| Total Income | 112.62 | 138.78 | 28.06 |
| Profit After Tax | 11.46 | 15.44 | 3 |
| EBITDA | 17.19 | 22.83 | 5.08 |
| NET Worth | 47.14 | 35.69 | 5.79 |
| Reserves and Surplus | 30.46 | 19 | 5.06 |
| Total Borrowing | 49.35 | 35.76 | 17.7 |
Key Performance Indicator (KPI)
| ROE | 74.45% |
| ROCE | 31.39% |
| Debt/Equity | 1 |
| RoNW | 43.27% |
| PAT Margin | 11.13% |
| EBITDA Margin | 16.45% |
| Price to Book Value | 6.97 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 25.71 |
| 2 | To meet out the expenses of Working Capital Requirement | 52 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
INDO SMC Ltd Address
809,
Shilp Zaveri Shyamal Cross Road,
Vejalpur, Shyamal,
Ahmedabad, Gujarat, 380006
+91 7575812866
cs@indosmc.com
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
austere.ipo@kfintech.com
https://ipostatus.kfintech.com/
The INDO SMC IPO opens on January 13, 2026 and closes on January 15, 2026, with tentative allotment on January 16 and listing expected on January 20, 2026.
The INDO SMC IPO price band is ₹141 to ₹149 per share. Retail investors must apply for at least 2,000 shares, amounting to a minimum investment of ₹2.98 lakh.
INDO SMC shares will be listed on the BSE SME platform, allowing investors to participate in a small and medium enterprise through a regulated stock exchange.
Funds raised through the INDO SMC IPO will be used for capital expenditure on plant and machinery, meeting working capital needs, and general corporate purposes.
Kfin Technologies Limited is the registrar for the INDO SMC IPO, responsible for processing applications, allotments, refunds, and handling investor-related queries.
Compare:
