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INDO SMC Ltd Logo

INDO SMC Ltd IPO

Closed Bookbuilding IPO BSE SME Fresh Capital
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Issue Price ₹149
GMP +₹30
Est. Listing ₹179 (+20%)
Lot Size 1,000
Face Value ₹10
Issue Size 6,171,000 shares (agg. up to ₹92 Cr)
Subscription

IPO Timeline

Open Date13-Jan-26
Close Date15-Jan-26
Allotment16-Jan-26
Refund Initiation19-Jan-26
Demat Credit19-Jan-26
UPI Mandate Deadline-
Listing Date20-Jan-26

Category-wise Subscription

Shares offered, bid & amount
CategorySub (x)OfferedBid ForAmt (Cr)*
QIB 2,928,000 (47%) ₹4,363 Cr
NII (HNI) 882,000 (14%) ₹1,314 Cr
Retail 2,052,000 (33%) ₹3,057 Cr
Market Maker 309,000 (5%) ₹46 Cr
Σ  Total6,171,000 (100%)₹91,948 Cr

Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.

Issue Details

Issue Price / Price Band₹149
Face Value₹10
Lot Size1,000 shares
Issue Size6,171,000 shares (agg. up to ₹92 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeBSE SME
Sale TypeFresh Capital
Script Code
Net Offer to Public5,862,000 shares (agg. up to ₹87 Cr)
Amount In₹ Crore
Stock Price History · BSE
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Minimum Investment (Lot-wise)

CategoryLotsSharesAmount (₹)
Retail (Min)11,000₹149,000
Retail (Max)1313,000₹1,937,000
S-HNI (Min)1414,000₹2,086,000
B-HNI (Min)6767,000₹9,983,000
Retail2 lot(s)2,000 shares₹298,000
S-HNI3 lot(s)3,000 shares₹447,000

Shareholding Pattern

Pre-Issue Shareholding16,684,350 shares%
Post-Issue Shareholding22,855,350 shares%
Reserved for Market Maker309,000 shares (agg. up to ₹5 Cr)

Financial Statements Amount in ₹ Crore

Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 113 139 28
EBITDA 17 23 5
Profit After Tax 11 15 3
Net Worth 47 36 6
Total Assets 148 100 36
Reserves & Surplus 30 19 5
Total Borrowing 49 36 18

Valuation & Key Ratios

ROE28%
ROCE18%
RONW24%
PAT Margin10%
EBITDA Margin15%
Debt/Equity1
P/BV5
Pre EPS₹9
Post EPS₹10
Pre P/E16
Post P/E15

Grey Market Premium (GMP)

+₹30 Current GMP
₹179 Est. Listing Price
+20% Expected Gain

GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.

Objects of the Issue

  • Funding capital expenditure of the company to purchase Plant and Machinery – 25.71
  • Funding the working capital requirements of the company – 52.00
  • General Corporate Purposes –

Company Overview

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 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

Company Information

Address809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal, Ahmedabad, Gujarat, 380006