INDO SMC
BSE SME₹2,98,000 / Individual : 2000 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 16 Jan 2026, 05:57 PM |
| QIBs | 94.94 times |
| NII | 164.94 times |
| Total | 110.57 times |
INDO SMC IPO Details
The INDO SMC IPO price band is set between ₹141-149 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Ltd., and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 13 Jan, 2026 and closes on 16 Jan, 2026. Investors can check the allotment status on 19 Jan, 2026, while the listing date is tentatively scheduled for 21 Jan, 2026.
The total issue size is 61,71,000 shares, aggregating up to ₹91.95 crore. Stay tuned for the latest INDO SMC IPO review and GMP updates.
INDO SMC IPO Review, Rating & Analysis
INDO SMC IPO Review
IgnoreINDO SMC IPO Rating
INDO SMC IPO Highlights
IPO Date
Jan 13, 2026 - Jan 16, 2026
Listing Date
21 Jan, 2026
Face Value
₹10 Per Equity Share
Price Band
₹141-149 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
INDO SMC IPO Lot Size
The minimum market lot for INDO SMC IPO is 2000 shares with an application amount of ₹2,98,000. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹2,98,000 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 2000 | ₹2,98,000 |
| S-HNI (Max) | 3 | 6000 | ₹8,94,000 |
| B-HNI (Min) | 4 | 8000 | ₹11,92,000 |
INDO SMC IPO Timeline
Issue Price
₹141-149 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Kfin Technologies Ltd.Lead Manager
GYR Capital Advisors Pvt.Ltd.Issue Size
61,71,000 shares(aggregating up to ₹91.95 crore)INDO SMC IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 147.67 | 112.62 | 11.46 | 47.14 | 30.46 | 49.35 |
| 31-Mar-25 | 99.94 | 138.78 | 15.44 | 35.69 | 19.00 | 35.76 |
| 31-Mar-24 | 36.32 | 28.06 | 3.00 | 5.79 | 5.06 | 17.70 |
| 31-Mar-23 | 13.85 | 7.30 | 0.46 | 1.17 | 0.52 | 10.43 |
In Cr.
INDO SMC IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| 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
INDO SMC IPO Valuations
EPS Pre IPO
₹9.25/-EPS Post IPO
₹10.02/-PE Pre IPO
16.10PE Post IPO
14.86ROE
74.45%ROCE
31.39%Debt Equity
1.00RoNW
43.27%PAT Margin
11.13%Price to Book Value
6.97Promoters & Share Holding
Promoter(s) Name
- Mr. Nitin Jasvantbhai Patel
- Mr. Neel Niteshbhai Shah
- Mrs. Riktabahen Sonawala
- Mr. Chaitanya Patel
- Mr. Rachit Jain
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 82.30% | 60.07% |
About 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.
INDO SMC IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 11,72,000 | 8,82,000
5,88,000
2,94,000
| 20,52,000 | 41,06,000 |
Day 113-01-26 05:00 PM | 0.00 x | 1.00
x
1.03 x
0.94 x
| 1.60 x | 1.01 x |
Day 214-01-26 05:00 PM | 0.00 x | 2.60
x
2.95 x
1.90 x
| 3.13 x | 2.12 x |
Day 316-01-26 05:00 PM | 94.94 x | 164.94
x
193.89 x
107.02 x
| 96.13 x | 110.57 x |
Retail:96.13x
BHNI:79.71x
SHNI:101.93x
INDO SMC IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Funding capital expenditure of the company to purchase Plant and Machinery | - |
| Funding the working capital requirements of the company | - |
| General corporate purposes | - |
Company Contact Details
INDO SMC
809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal, Ahmedabad, Gujarat, 380006Registrar Contact Details
Kfin Technologies Limited
Frequently Asked Questions about INDO SMC IPO
When will INDO SMC IPO open for subscription?
The INDO SMC IPO opens on 13 Jan, 2026 and closes on 16 Jan, 2026.
What is the investors portion for INDO SMC IPO?
The investors' portion for QIB is 94.94 x, NII is 193.89 x, and Retail is 96.13 x.
How to apply for INDO SMC IPO?
You can apply for INDO SMC IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of INDO SMC IPO?
The issue size of INDO SMC IPO is approx ₹61,71,000 shares(aggregating up to ₹91.95 crore) crores.
What is the price band of INDO SMC IPO?
The price band for INDO SMC IPO is ₹141 to ₹149 per equity share.
What is the lot size of INDO SMC IPO?
The minimum bid (lot size) for INDO SMC IPO is 1000 shares with an investment of approx ₹2,98,000 .
What is the allotment date of INDO SMC IPO?
The allotment date for INDO SMC IPO is 19 Jan, 2026.
What is the listing date of INDO SMC IPO?
The listing date for INDO SMC IPO is expected to be 21 Jan, 2026.
What is the GMP of INDO SMC IPO?
The latest Grey Market Premium (GMP) for INDO SMC IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.