{"id":324921,"date":"2026-10-23T08:56:41","date_gmt":"2026-10-23T03:26:41","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=324921"},"modified":"2026-10-23T08:56:41","modified_gmt":"2026-10-23T03:26:41","slug":"wiscon-industries-initial-public-offering-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/","title":{"rendered":"Wiscon Industries IPO Review: Key Details, Company Overview and Financials"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Wiscon Industries IPO price band Rs 194 to Rs 204. Opens 27 Oct, closes 29 Oct 2026. Issue size up to Rs 110 Cr. Lists 3 Nov on BSE SME.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Wiscon Industries IPO is an issue of 53,92,200 shares worth up to Rs 110 crore (up to Rs 88.01 crore fresh plus Rs 22 crore offer for sale), priced at Rs 194 to Rs 204 per share and open from 27 to 29 October 2026 on the BSE SME platform. The Delhi company sells LED TVs, air coolers, washing machines and air conditioners under the Wiscon brand, and one lot of 600 shares costs Rs 1,22,400, with retail bidders applying for two lots at Rs 2,44,800. FY26 profit after tax was Rs 20.41 crore and the upper band works out to about 20 times that on our arithmetic, but the company is young and public figures do not fully reconcile.<\/p>\n<\/p><\/div>\n<p>The Wiscon Industries IPO is a bookbuilding SME issue of 53,92,200 equity shares of face value Rs 10 each, made up of a fresh issue of 43,14,000 shares (up to Rs 88.01 crore, including 3,90,000 market maker shares) and an offer for sale of 10,78,200 shares (up to Rs 22 crore) by promoter Sidhant Dalmia. The issue opens on 27 October 2026 and closes on 29 October 2026. Allotment is expected on 30 October, refunds and demat credit on 2 November, and the shares are proposed to list on the BSE SME platform on 3 November 2026.<\/p>\n<p>The price band is Rs 194 to Rs 204 per share with a lot size of 600 shares, so one lot needs Rs 1,22,400 at the upper band. Retail investors must apply for at least 2 lots (1,200 shares, Rs 2,44,800) and small HNI investors for at least 3 lots (1,800 shares, Rs 3,67,200). The net offer to the public is 50,02,200 shares, of which about 49.01 percent is for qualified institutional buyers, 15.44 percent for non-institutional investors and 35.55 percent for retail investors, with 12,25,800 shares as the anchor portion.<\/p>\n<p>Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager for the Wiscon Industries issue, Maashitla Securities Pvt. Ltd. is the registrar and Shreni Shares Ltd. is the market maker.<\/p>\n<p>For detailed information on the company&#8217;s business, financials, risk factors and the use of proceeds, investors should refer to the Wiscon Industries Red Herring Prospectus (RHP) before making an investment decision.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Company_Overview\" title=\"Company Overview\">Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#IPO_Details\" title=\"IPO Details\">IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Industry_Context\" title=\"Industry Context\">Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Business_Strengths\" title=\"Business Strengths\">Business Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Business_Risks\" title=\"Business Risks\">Business Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Financial_Performance\" title=\"Financial Performance\">Financial Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Wiscon_Industries_Ltd_%E2%80%93_Financials_Rs_in_Crore\" title=\"Wiscon Industries Ltd. &#8211; Financials (Rs in Crore)\">Wiscon Industries Ltd. &#8211; Financials (Rs in Crore)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Key_Ratios_and_Metrics\" title=\"Key Ratios and Metrics\">Key Ratios and Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Objects_of_the_Offer\" title=\"Objects of the Offer\">Objects of the Offer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#When_does_the_Wiscon_Industries_IPO_open_and_close\" title=\"When does the Wiscon Industries IPO open and close?\">When does the Wiscon Industries IPO open and close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#What_is_the_price_band_and_minimum_investment_for_the_Wiscon_Industries_IPO\" title=\"What is the price band and minimum investment for the Wiscon Industries IPO?\">What is the price band and minimum investment for the Wiscon Industries IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#What_does_Wiscon_Industries_do\" title=\"What does Wiscon Industries do?\">What does Wiscon Industries do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Is_the_Wiscon_Industries_IPO_a_fresh_issue_or_an_offer_for_sale\" title=\"Is the Wiscon Industries IPO a fresh issue or an offer for sale?\">Is the Wiscon Industries IPO a fresh issue or an offer for sale?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#How_will_Wiscon_Industries_use_the_IPO_money\" title=\"How will Wiscon Industries use the IPO money?\">How will Wiscon Industries use the IPO money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#How_has_Wiscon_Industries_performed_financially\" title=\"How has Wiscon Industries performed financially?\">How has Wiscon Industries performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Is_the_Wiscon_Industries_IPO_expensive\" title=\"Is the Wiscon Industries IPO expensive?\">Is the Wiscon Industries IPO expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#What_are_the_main_risks_in_the_Wiscon_Industries_IPO\" title=\"What are the main risks in the Wiscon Industries IPO?\">What are the main risks in the Wiscon Industries IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Who_are_the_lead_manager_and_registrar_for_the_Wiscon_Industries_IPO\" title=\"Who are the lead manager and registrar for the Wiscon Industries IPO?\">Who are the lead manager and registrar for the Wiscon Industries IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/wiscon-industries-initial-public-offering-review\/#Is_the_Wiscon_Industries_IPO_a_good_investment\" title=\"Is the Wiscon Industries IPO a good investment?\">Is the Wiscon Industries IPO a good investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Company_Overview\"><\/span><strong>Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Incorporated in September 2022 and based in Delhi, Wiscon Industries Limited trades and supplies consumer electronics under the Wiscon brand, including LED TVs, air coolers, washing machines and air conditioners, and also sells third-party electric scooters. It sells to businesses and consumers through dealers, distributors and its own online platform, and had 76 permanent employees at 30 September 2026.<\/p>\n<p>The company has a wholly owned subsidiary, Dalmia Technologies Ltd., which is to receive a large part of the fresh issue for plant and machinery and working capital. Promoter and group hold 94.18 percent before the issue and 68.46 percent after it, and the market cap at the upper band is about Rs 407.75 crore after the issue, according to a tracker.<\/p>\n<p><em>Read on for the complete Wiscon Industries IPO details, including dates, issue structure, listing timeline and the company&#8217;s financial track record.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_Details\"><\/span><strong>IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Details<\/th>\n<\/tr>\n<tr>\n<td>IPO Date<\/td>\n<td>27 to 29 October 2026<\/td>\n<\/tr>\n<tr>\n<td>Allotment<\/td>\n<td>Fri, 30 October 2026 (tentative)<\/td>\n<\/tr>\n<tr>\n<td>Refunds and Demat Credit<\/td>\n<td>Mon, 2 November 2026 (tentative)<\/td>\n<\/tr>\n<tr>\n<td>Listing Date<\/td>\n<td>Tue, 3 November 2026 (tentative)<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td>Price Band<\/td>\n<td>Rs 194 to Rs 204<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>600 Shares<\/td>\n<\/tr>\n<tr>\n<td>Minimum Application (Retail)<\/td>\n<td>2 lots, 1,200 shares, Rs 2,44,800<\/td>\n<\/tr>\n<tr>\n<td>Minimum Application (sNII)<\/td>\n<td>3 lots, 1,800 shares, Rs 3,67,200<\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Bookbuilding IPO (SME)<\/td>\n<\/tr>\n<tr>\n<td>Sale Type<\/td>\n<td>Fresh Issue and Offer for Sale<\/td>\n<\/tr>\n<tr>\n<td>Total Issue Size<\/td>\n<td>53,92,200 shares (agg. up to Rs 110 Cr)<\/td>\n<\/tr>\n<tr>\n<td>Fresh Issue<\/td>\n<td>43,14,000 shares (agg. up to Rs 88.01 Cr)<\/td>\n<\/tr>\n<tr>\n<td>Offer for Sale<\/td>\n<td>10,78,200 shares (agg. up to Rs 22 Cr) by Sidhant Dalmia<\/td>\n<\/tr>\n<tr>\n<td>Net Offer to Public<\/td>\n<td>50,02,200 shares<\/td>\n<\/tr>\n<tr>\n<td>Quota in Net Offer<\/td>\n<td>QIB 49.01% \/ NII 15.44% \/ Retail 35.55%<\/td>\n<\/tr>\n<tr>\n<td>Promoter and Group Holding<\/td>\n<td>94.18% pre-issue; 68.46% post-issue (tracker)<\/td>\n<\/tr>\n<tr>\n<td>Market Cap at Upper Band<\/td>\n<td>About Rs 407.75 Cr post-issue (tracker)<\/td>\n<\/tr>\n<tr>\n<td>Listing Exchange<\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Smart Horizon Capital Advisors<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Maashitla Securities<\/td>\n<\/tr>\n<tr>\n<td>Market Maker<\/td>\n<td>Shreni Shares<\/td>\n<\/tr>\n<\/table>\n<p><em>(Compiled from the DRHP\/RHP and market updates)<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Context\"><\/span><strong>Industry Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>India&#8217;s consumer durables market is growing with rising incomes, easier credit and more small-town demand for TVs, coolers, washing machines and air conditioners.<\/li>\n<li>Many smaller brands compete on price against large established names, so margins depend on sourcing cost, scale and distribution.<\/li>\n<li>Seasonal products such as air coolers and air conditioners sell most in summer, so sales can be uneven through the year.<\/li>\n<li>Online platforms and quick delivery are opening new routes to market for newer brands that lack large dealer networks.<\/li>\n<li>Investors usually track brand pull, repeat dealers, working capital days and after-sales service strength in this segment.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Strengths\"><\/span><strong>Business Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are the key strengths investors evaluating the Wiscon Industries IPO should weigh:<\/p>\n<ul>\n<li>Strong recent profit: profit after tax was Rs 20.41 crore in FY26 on total income of Rs 197.13 crore (a margin of 10.36 percent), and Rs 7.89 crore in the quarter to June 2026 on income of Rs 69.85 crore.<\/li>\n<li>A reported EBITDA margin of about 14 to 16 percent and a diversified range across TVs, coolers, washing machines and air conditioners.<\/li>\n<li>A mix of dealer, distributor and online channels, and an after-sales service network across India according to the company.<\/li>\n<li>A pre-issue P\/E of about 15.7 times at the upper band, according to a tracker, and promoter holding that stays high at about 68 percent after the issue.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><strong>Screen consumer durables and electronics stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Risks\"><\/span><strong>Business Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alongside these strengths, the Wiscon Industries issue also carries the following business risks:<\/p>\n<ul>\n<li>The company is very young, incorporated in 2022, and its numbers have moved very fast. Public figures do not fully reconcile: one tracker shows FY26 revenue from operations of about Rs 73.4 crore while total income for March 2026 is shown as Rs 197.13 crore, so the RHP should be checked before relying on any figure.<\/li>\n<li>Total assets jumped from Rs 90.75 crore at March 2026 to Rs 144.79 crore at June 2026 and borrowings rose from Rs 25.26 crore to Rs 36.97 crore in one quarter, which shows a business growing on borrowed money and working capital.<\/li>\n<li>Return on equity of 117 percent for FY26 reflects a very small equity base and should not be read as a lasting level. Net worth was only Rs 30.61 crore at March 2026.<\/li>\n<li>The issue uses about Rs 50 crore of proceeds for the subsidiary Dalmia Technologies (Rs 15.04 crore for machinery and Rs 35 crore for working capital), so execution at a newer unit matters, and Rs 22 crore goes to the promoter through the offer for sale.<\/li>\n<li>The upper band is about 10.4 times book value (tracker), consumer electronics is a competitive and seasonal business, and SME shares are often thinly traded after listing.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><strong>Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Wiscon Industries IPO follows a quick scale-up. Total income was Rs 197.13 crore and profit after tax was Rs 20.41 crore in FY26, with EBITDA of Rs 28.09 crore. In the quarter to June 2026, total income was Rs 69.85 crore and profit after tax was Rs 7.89 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Wiscon_Industries_Ltd_%E2%80%93_Financials_Rs_in_Crore\"><\/span><strong>Wiscon Industries Ltd. &#8211; Financials (Rs in Crore)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Q1 FY27 (Jun 2026)<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2026<\/th>\n<\/tr>\n<tr>\n<td>Total Income<\/td>\n<td>69.85<\/td>\n<td>197.13<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>11.00<\/td>\n<td>28.09<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax (PAT)<\/td>\n<td>7.89<\/td>\n<td>20.41<\/td>\n<\/tr>\n<tr>\n<td>Net Worth<\/td>\n<td>38.49<\/td>\n<td>30.61<\/td>\n<\/tr>\n<tr>\n<td>Total Borrowings<\/td>\n<td>36.97<\/td>\n<td>25.26<\/td>\n<\/tr>\n<tr>\n<td>Total Assets<\/td>\n<td>144.79<\/td>\n<td>90.75<\/td>\n<\/tr>\n<\/table>\n<p><em>Amounts in Rs Crore, restated consolidated figures compiled from published Wiscon Industries IPO disclosures and trackers. FY25 and FY24 figures in rupee terms were not available in the sources reviewed, and the tracker&#8217;s revenue from operations data does not reconcile with total income, so investors should confirm them in the RHP.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Ratios_and_Metrics\"><\/span><strong>Key Ratios and Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below summarises the key ratios for the Wiscon Industries issue as published by trackers, plus one computed row. The computed row is not an announced number.<\/p>\n<p><em>These ratios offer a quick snapshot of the profitability and balance sheet behind the Wiscon Industries IPO.<\/em><\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">KPI (FY26)<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Value<\/th>\n<\/tr>\n<tr>\n<td>Return on Equity (RoE)<\/td>\n<td>117.37% (very small equity base)<\/td>\n<\/tr>\n<tr>\n<td>Return on Capital Employed (RoCE)<\/td>\n<td>51.82%<\/td>\n<\/tr>\n<tr>\n<td>EBITDA Margin<\/td>\n<td>14.27%<\/td>\n<\/tr>\n<tr>\n<td>PAT Margin<\/td>\n<td>10.36%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.83 (0.96 at Jun 2026)<\/td>\n<\/tr>\n<tr>\n<td>Net Asset Value per Share<\/td>\n<td>Rs 19.53 (Rs 24.56 at Jun 2026)<\/td>\n<\/tr>\n<tr>\n<td>Earnings per Share (pre-issue, tracker)<\/td>\n<td>Rs 13.02<\/td>\n<\/tr>\n<tr>\n<td>Pre-Issue P\/E at Rs 204 (tracker)<\/td>\n<td>About 15.7x<\/td>\n<\/tr>\n<tr>\n<td>Post-Issue P\/E at Rs 204 on FY26 profit (computed)<\/td>\n<td>About 20.0x<\/td>\n<\/tr>\n<tr>\n<td>Price to Book (tracker)<\/td>\n<td>About 10.4x<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Offer\"><\/span><strong>Objects of the Offer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company proposes to use the net proceeds of the fresh issue in the Wiscon Industries IPO towards the following objects.<\/p>\n<ul>\n<li>Plant and machinery capital expenditure at the wholly owned subsidiary Dalmia Technologies Ltd. (Rs 15.04 Cr)<\/li>\n<li>Working capital requirements of the subsidiary (Rs 35.00 Cr)<\/li>\n<li>Working capital requirements of the company (Rs 17.00 Cr)<\/li>\n<li>Marketing and promotion (Rs 5.23 Cr)<\/li>\n<li>General corporate purposes and issue expenses (balance, about Rs 15.75 Cr computed)<\/li>\n<\/ul>\n<p>The offer for sale proceeds of up to Rs 22 crore go to promoter Sidhant Dalmia, not to the company, and the object amounts should be confirmed in the RHP.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track the Wiscon Industries IPO and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><em>Here is the bottom line on the Wiscon Industries IPO.<\/em><\/p>\n<p>The Wiscon Industries issue offers exposure to a young consumer electronics brand with fast growth, strong recent profit and a clear plan for a new manufacturing unit.<\/p>\n<p>The cautions are a very short track record, public figures that do not fully reconcile, a thin equity base, rising borrowings, a valuation of about 20 times FY26 earnings after the new shares, and SME liquidity.<\/p>\n<p>Overall, investors weighing the Wiscon Industries issue should read the Red Herring Prospectus (RHP) to confirm revenue and borrowings, check how the subsidiary will be funded, and match the position size to their own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<p>Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Wiscon_Industries_IPO_open_and_close\"><\/span><strong>When does the Wiscon Industries IPO open and close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Wiscon Industries IPO opens for subscription on 27 October 2026 and closes on 29 October 2026. Allotment is expected on 30 October, and the shares are proposed to list on the BSE SME platform on 3 November 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_price_band_and_minimum_investment_for_the_Wiscon_Industries_IPO\"><\/span><strong>What is the price band and minimum investment for the Wiscon Industries IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The price band is Rs 194 to Rs 204 per share with a lot size of 600 shares. Retail investors must apply for at least 2 lots (1,200 shares), which needs Rs 2,44,800 at the upper band, and small HNI investors need at least 3 lots, or Rs 3,67,200.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Wiscon_Industries_do\"><\/span><strong>What does Wiscon Industries do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Wiscon Industries is a Delhi-based company that trades and supplies consumer electronics under the Wiscon brand, including LED TVs, air coolers, washing machines and air conditioners, and also sells third-party electric scooters through dealers, distributors and an online platform.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Wiscon_Industries_IPO_a_fresh_issue_or_an_offer_for_sale\"><\/span><strong>Is the Wiscon Industries IPO a fresh issue or an offer for sale?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is both. The fresh issue is 43,14,000 shares (up to Rs 88.01 crore) and the offer for sale is 10,78,200 shares (up to Rs 22 crore) by promoter Sidhant Dalmia.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Wiscon_Industries_use_the_IPO_money\"><\/span><strong>How will Wiscon Industries use the IPO money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About Rs 15.04 crore will go to machinery and Rs 35 crore to working capital at subsidiary Dalmia Technologies, Rs 17 crore to the company&#8217;s own working capital and Rs 5.23 crore to marketing, with the balance for general corporate purposes and issue expenses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Wiscon_Industries_performed_financially\"><\/span><strong>How has Wiscon Industries performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> FY26 total income was Rs 197.13 crore with profit after tax of Rs 20.41 crore and EBITDA of Rs 28.09 crore. The June 2026 quarter added income of Rs 69.85 crore and profit of Rs 7.89 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Wiscon_Industries_IPO_expensive\"><\/span><strong>Is the Wiscon Industries IPO expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A tracker shows a pre-issue P\/E of about 15.7 times at the upper band, but on our arithmetic the post-issue market cap of Rs 407.75 crore and FY26 profit of Rs 20.41 crore give about 20 times earnings and about 10 times book value. That is a premium for a company incorporated in 2022.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_in_the_Wiscon_Industries_IPO\"><\/span><strong>What are the main risks in the Wiscon Industries IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are a very short track record, public figures that do not fully reconcile, a thin equity base, rising borrowings, competition and seasonality in consumer electronics, and thin trading in SME shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_manager_and_registrar_for_the_Wiscon_Industries_IPO\"><\/span><strong>Who are the lead manager and registrar for the Wiscon Industries IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, Maashitla Securities Pvt. Ltd. is the registrar and Shreni Shares Ltd. is the market maker.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Wiscon_Industries_IPO_a_good_investment\"><\/span><strong>Is the Wiscon Industries IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Wiscon Industries issue offers fast growth in consumer durables, but a short history, thin equity, rising debt and SME liquidity risk call for caution. Verify the numbers in the prospectus, and size the position to your own risk appetite before applying.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When does the Wiscon Industries IPO open and close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Wiscon Industries IPO opens for subscription on 27 October 2026 and closes on 29 October 2026. 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The Delhi company sells LED TVs, air<\/p>\n","protected":false},"author":29,"featured_media":324920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[5352],"class_list":["post-324921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-sme-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["324920"],"rank_math_title":["Wiscon Industries IPO 2026: Price Band, Review and Risks"],"rank_math_description":["Wiscon Industries IPO opens 27 to 29 October 2026 at Rs 194 to Rs 204 on BSE SME. Read the review of the electronics brand, its financials and key risks."],"rank_math_focus_keyword":["Wiscon Industries IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/wiscon-industries-ipo-review-key-details-company-overview-and-financials.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=324921"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324921\/revisions"}],"predecessor-version":[{"id":324922,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324921\/revisions\/324922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/324920"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=324921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=324921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=324921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}