INDO SMC IPO
INDO SMC IPO
Overview
INDO SMC IPO is a book build issue of ₹91.95 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹91.95 crore. INDO SMC IPO opens for subscription on Jan 13, 2026 and closes on Jan 15, 2026. The allotment for the INDO SMC IPO is expected to be finalized on Jan 16, 2026. INDO SMC IPO will list on BSE SME with a tentative listing date fixed as Jan 20, 2026. INDO SMC IPO price band is set at ₹141 to ₹149 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,98,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,47,000. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company areGiriraj Stock Broking Pvt.Ltd., Nikunj Stock Brokers Ltd..
Total Shares
61,71,000
Issue Size
₹92 Cr
Price Band
₹141 – ₹149
Lot Size
1000 shares
Min. Investment
₹2,98,000
Max. Investment
₹2,98,000
Open Date
13 Jan, 2026
Close Date
15 Jan, 2026
Allotment
16 Jan, 2026
Listing
20 Jan, 2026
Max. Investment
₹2,98,000
Announced
13 Jan, 2026
Opening Date
13 Jan, 2026
Closing Date
15 Jan, 2026
Basis of Allotment
16 Jan, 2026
Initiation of Refunds
19 Jan, 2026
Credit of Shares
19 Jan, 2026
Listing Date
20 Jan, 2026
Live GMP
Est. Listing: ₹181
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About INDO SMC IPO
INDO SMC IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.0% increase in shares
INDO SMC IPO Financial Health
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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,98,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7000 | ₹10,43,000 |
(All values in CR)
INDO SMC IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 74.45 |
| ROCE | 31.39 |
| Debt/Equity | 1.00 |
| RoNW | 43.27 |
| PAT Margin | 11.13 |
| EBITDA Margin | 16.45 |
| Price to Book Value | 6.97 |
(All values in CR)
INDO SMC IPO Strength & Risk
INDO SMC Ltd IPO – Strengths
Manufactures a wide range of SMC, FRP, and electrical components
Serves power distribution and infrastructure-related sectors
In-house manufacturing facilities with quality control systems
Experienced promoters with industry knowledge
Supplies products to government utilities and infrastructure projects
Demand supported by power and infrastructure development activities
INDO SMC Ltd IPO – Risks
Business depends heavily on power and infrastructure sector demand
Working capital intensive operations may affect cash flows
Exposure to raw material price fluctuations
Revenue concentration with limited customers and tender-based orders
Intense competition from organised and unorganised players
Dependence on suppliers for raw material availability
Subject to regulatory approvals and compliance requirements
INDO SMC IPO Subscriptions Status
INDO SMC IPO subscribed 2.05 times. The public issue subscribed 3.13 times in the individual investors category, 0.00 times in QIB (Ex Anchor), and 2.25 times in the NII category by January 14, 2026 6:54:08 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 17,56,000 | 17,56,000 | 26.164 |
| Market Maker | 1.00 | 3,09,000 | 3,09,000 | 4.604 |
| QIB (Ex Anchor) | 0.00 | 11,72,000 | 0 | 0 |
| NII | 2.25 | 8,82,000 | 19,83,000 | 29.547 |
| bNII (> ₹10L) | 2.42 | 5,88,000 | 14,24,000 | 21.218 |
| sNII (< ₹10L) | 1.90 | 2,94,000 | 5,59,000 | 8.329 |
| Individual Investors | 3.13 | 20,52,000 | 64,30,000 | 95.807 |
| Total | 2.05 | 41,06,000 | 84,13,000 | 125.354 |
INDO SMC IPO GMP
INDO SMC SME IPO last GMP is ₹32, last updated Jan 15th 2026 04:59 PM. With the price band of 149.00, INDO SMC SME IPO's estimated listing price is ₹181 (cap price + today's GMP).The expected percentage gain/loss per share is 21.48%. >> INDO SMC SME IPO Retail Subject to Sauda: ₹24300 The lowest GMP is ₹25.00, while the highest GMP is ₹36.00.
Last updated 15 Jan, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 15 Jan, 2026 | 149 | ₹32 | 24300 | ₹181 (21.48%) | 32000 | 15 Jan, 2026 |
| 14 Jan, 2026 | 149 | ₹32 | 24300 | ₹181 (21.48%) | 32000 | 14 Jan, 2026 |
| 13 Jan, 2026 | 149 | ₹32▼ | 24300 | ₹181 (21.48%) | 32000 | 13 Jan, 2026 |
| 12 Jan, 2026 | 149 | ₹36▲ | 27400 | ₹185 (24.16%) | 36000 | 12 Jan, 2026 |
| 11 Jan, 2026 | 149 | ₹35 | 26600 | ₹184 (23.49%) | 35000 | 11 Jan, 2026 |
| 10 Jan, 2026 | 149 | ₹35▲ | 26600 | ₹184 (23.49%) | 35000 | 10 Jan, 2026 |
| 09 Jan, 2026 | 149 | ₹31▲ | 23600 | ₹180 (20.81%) | 31000 | 09 Jan, 2026 |
| 08 Jan, 2026 | 149 | ₹25 | 19000 | ₹174 (16.78%) | 25000 | 08 Jan, 2026 |
| 07 Jan, 2026 | 149 | ₹25 | 19000 | ₹174 (16.78%) | 25000 | 07 Jan, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for INDO SMC IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find INDO SMC IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.