INDO SMC – IPO
INDO SMC – IPO Details
| IPO Date | January 13, 2026 to January 16, 2026 |
| Listing Date | January 21, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 141 to ₹ 149 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | 61,71,000 shares (Aggregating up to ₹92 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,66,84,350 shares |
| Share holding post issue | 2,28,55,350 shares |
| Market Maker portion |
INDO SMC Timeline (Tentative Schedule)
INDO SMC IPO opens on January 13, 2026, and closes on January 16, 2026.
| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 16, 2026 |
| Basis of Allotment | January 19, 2026 |
| Initiation of Refunds | January 20, 2026 |
| Credit of Shares to Demat | January 20, 2026 |
| Listing Date | January 21, 2026 |
| Cut-off time for UPI mandate confirmation | January 15, 2026 |
INDO SMC IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | Rs.298,000 |
| Retail (Max) | 2 | 2,000 | Rs.298,000 |
| S-HNI (Min) | 3 | 3,000 | Rs.447,000 |
| S-HNI (Max) | 6 | 6,000 | Rs.894,000 |
| B-HNI (Min) | 7 | 7,000 | Rs.1,043,000 |
| HNI (Min) |
INDO SMC IPO Promoter Holding
| Share Holding Pre Issue | 82.30% |
| Share Holding Post Issue | 60.07% |
INDO SMC IPO Reservation
INDO SMC IPO offers a total of 61,71,000 shares. Out of which 29,28,000 (47.45%) allocated to QIB, 11,72,000 (18.99%) allocated to QIB (Ex- Anchor), 8,82,000 (14.29%) allocated to NII, 20,52,000 (33.25%) allocated to RII, and 17,56,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 17,56,000 (28.46%) |
|
| Market Maker Shares Offered | 3,09,000 (5.01%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 29,28,000 (47.45%) |
|
| 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%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 61,71,000 (100.00%) |
INDO SMC IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | 17,56,000 |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About INDO SMC
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 are composed of 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 Range
- Strong Manufacturing Capabilities
- Industry Expertise and Leadership
- Robust Quality Assurance and control
- Established relationship with customers
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.66% |
| ROCE | 17.50% |
| Debt/Equity | 1.05 |
| RoNW | 24.30% |
| P/BV | 5.27 |
| PAT Margin (%) | 10.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.25 | 10.02 |
| P/E (x) | 16.1 | 16.1 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025, available in RHP.
Objects of the Issue (INDO SMC IPO Objectives)
INDO SMC Contact Details
INDO SMC Ltd Address 809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal, Ahmedabad, Gujarat, 380006
|
INDO SMC IPO Registrar
Kfin Technologies Ltd.
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