The INDO SMC IPO is set to launch on January 13, 2026, as an SME issue seeking to raise ₹92 crores. The price band is ₹141 – ₹149 per share, and the minimum application lot is 2,000 shares.

Prior to the subscription, its grey market premium (GMP) has fluctuated, recording a high of ₹35 on January 10th and a low of ₹25 on January 7th.

Track the daily Grey Market Premium (GMP) and Kostak rates for the INDO SMC IPO.

Date	IPO GMP	GMP Trend	Gain
16 January	₹32		21.48%
13 January	₹34		22.81%
12 January	₹35		23.49%
10 January	₹35		23.49%
9 January	₹25		16.78%
8 January	₹25		16.78%
7 January	₹25		16.78%

INDO SMC IPO Details

IPO Date	13 to 16 Jan, 2026
Listing Date	Wed, Jan 21, 2026T
Face Value	₹10 per share
Price Band	₹141 to ₹149
Issue Price	₹149 per share
Lot Size	1,000 Shares
Issue Size	Approx ₹92 Crores
Issue Type	Book building IPO
Listing At	BSE SME

INDO SMC IPO Dates

IPO Open Date	Tue, Jan 13, 2026
IPO Close Date	Fri, Jan 16, 2026
Tentative Allotment	Mon, Jan 19, 2026
Refunds	Tue, Jan 20, 2026
Credit of Shares to Demat	Tue, Jan 20, 2026
Tentative Listing Date	Wed, Jan 21, 2026

About the Business

Indo SMC Limited is a manufacturer of electrical enclosures and switchgear products. It designs and produces a diverse range of items such as energy meter boxes, high-tension and low-tension current and potential transformers (HTCT, HTPT, LTCT), distribution boxes and panels, junction boxes, feeder pillars, and fiberglass grating.

Utilizing materials like sheet moulding compounds (SMC), fiberglass reinforced plastic (FRP), copper, mild steel, and stainless steel, the company operates four manufacturing facilities located in Gujarat, Maharashtra, and Rajasthan. Its products serve electrical, industrial, and infrastructure applications. Indo SMC employs advanced machinery and equipment to ensure timely delivery and maintain high-quality standards for its clients.

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INDO SMC IPO GMP Update: Live Grey Market Trends