{"id":58322,"date":"2026-01-13T17:08:17","date_gmt":"2026-01-13T11:38:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=58322"},"modified":"2026-01-13T17:08:19","modified_gmt":"2026-01-13T11:38:19","slug":"indo-smc-ipo-subscription-day-1","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/indo-smc-ipo-subscription-day-1\/","title":{"rendered":"INDO SMC IPO Subscription Day 1: Check Online Status"},"content":{"rendered":"<p>Here, the INDO SMC IPO launched on 13th January 2026. Bidding for the issue will close today, 21st January 2026. The primary aim of the <strong>INDO SMC IPO<\/strong> is to raise \u20b991.95 crores from the market. Also, the INDO SMC IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the INDO SMC IPO subscription and details.&nbsp;<\/p><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\/indo-smc-ipo-subscription-day-1\/#INDO_SMC_IPO_Details\" title=\"INDO SMC IPO Details&nbsp;\">INDO SMC IPO Details&nbsp;<\/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\/indo-smc-ipo-subscription-day-1\/#INDO_SMC_IPO_Subscription_Status\" title=\"INDO SMC IPO Subscription Status\">INDO SMC IPO Subscription Status<\/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\/indo-smc-ipo-subscription-day-1\/#INDO_SMC_IPO_GMP_Today\" title=\"INDO SMC IPO GMP Today\">INDO SMC IPO GMP Today<\/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\/indo-smc-ipo-subscription-day-1\/#About_INDO_SMC_Ltd\" title=\"About INDO SMC Ltd.\">About INDO SMC Ltd.<\/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\/indo-smc-ipo-subscription-day-1\/#INDO_SMC_Limited_Financials\" title=\"INDO SMC Limited Financials\">INDO SMC Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/indo-smc-ipo-subscription-day-1\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/indo-smc-ipo-subscription-day-1\/#Technical_Indicators\" title=\"Technical Indicators\">Technical Indicators<\/a><\/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\/indo-smc-ipo-subscription-day-1\/#INDO_SMC_IPO_Listing_Expectations\" title=\"INDO SMC IPO Listing Expectations\">INDO SMC IPO Listing Expectations<\/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\/indo-smc-ipo-subscription-day-1\/#INDO_SMC_IPO_Dates\" title=\"INDO SMC IPO Dates\">INDO SMC IPO Dates<\/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\/indo-smc-ipo-subscription-day-1\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INDO_SMC_IPO_Details\"><\/span><strong>INDO SMC IPO Details&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Open Date<\/strong><\/td><td>13th January 2026<\/td><\/tr><tr><td><strong>Face Value&nbsp;<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Price Band<\/strong><\/td><td>\u20b9141 to \u20b9149 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>1,000 Shares<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding Issue<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>BSE &amp; SME<\/td><\/tr><tr><td><strong>IPO Close Date&nbsp;<\/strong><\/td><td>16th January 2026<\/td><\/tr><tr><td><strong>Listing Date&nbsp;<\/strong><\/td><td>21st January 2026<\/td><\/tr><\/tbody><\/table><\/figure><p>The price band for Riddhi Display Equipment&#8217;s IPO has been set at \u20b9100 to \u20b9105 per share, and a total of 61,71,000 shares are being issued. Let&#8217;s segregate the share quota fixed for different categories of investors.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Investor Categories<\/strong><\/td><td><strong>Shares Offered&nbsp;<\/strong><\/td><td><strong>Shares Percentage<\/strong><\/td><\/tr><tr><td><strong>Market Maker Shares Offered&nbsp;<\/strong><\/td><td>3,09,000<\/td><td>5.01%<\/td><\/tr><tr><td><strong>QIB Shares Offered<\/strong><\/td><td>29,28,000<\/td><td>47.45%<\/td><\/tr><tr><td><strong>NII (HNI) Shares Offered<\/strong><\/td><td>8,82,000<\/td><td>14.29%<\/td><\/tr><tr><td><strong>Retail Shares Offered<\/strong><\/td><td>20,52,000<\/td><td>33.25%<\/td><\/tr><tr><td><strong>Total Shares Offered&nbsp;<\/strong><\/td><td>61,71,000<\/td><td>100.00%<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INDO_SMC_IPO_Subscription_Status\"><\/span><strong>INDO SMC IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the INDO SMC IPO has been subscribed to 0.84 times. Of these, 1.37 times are subscribed by retail investors, 0.73 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of INDO SMC&#8217;s IPO listing on 21st January 2026. INDO SMC also has a positive outlook behind the fresh issue of 0.62 crore shares, which will raise around Rs 91.95 crores.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INDO_SMC_IPO_GMP_Today\"><\/span><strong>INDO SMC IPO GMP Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP-1024x536.jpg\" alt=\"INDO SMC IPO GMP\n\" class=\"wp-image-58323\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/13170553\/INDO-SMC-IPO-GMP.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>We know that higher subscription levels drive grey-market premiums for IPOs. Let\u2019s explore the INDO SMC IPO GMP for 13th January 2026.&nbsp;<\/p><p>The grey market premium for this IPO has surged to 21.48% or Rs 32.00 per share. It indicates that the estimated listing price per share is Rs 181.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment&#8217;s IPO. These include higher subscription rates, favourable market sentiment, and investors&#8217; positive attitude towards IPOs.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>13-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b932.00<\/td><td>\u20b9181.00<\/td><td>21.48%<\/td><\/tr><tr><td><strong>12-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b936.00<\/td><td>\u20b9185.00<\/td><td>24.16%<\/td><\/tr><tr><td><strong>11-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b935.00<\/td><td>\u20b9184.00<\/td><td>23.49%<\/td><\/tr><tr><td><strong>10-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b935.00<\/td><td>\u20b9184.00<\/td><td>23.49%<\/td><\/tr><tr><td><strong>9-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b931.00<\/td><td>\u20b9180.00<\/td><td>20.81%<\/td><\/tr><tr><td><strong>8-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b925.00<\/td><td>\u20b9174.00<\/td><td>16.78%<\/td><\/tr><tr><td><strong>7-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b925.00<\/td><td>\u20b9174.00<\/td><td>16.78%<\/td><\/tr><tr><td><strong>6-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b925.00<\/td><td>\u20b9174.00<\/td><td>16.78%<\/td><\/tr><tr><td><strong>5-01-2026<\/strong><\/td><td>\u20b9149.00<\/td><td>\u20b925.00<\/td><td>\u20b9174.00<\/td><td>16.78%<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_INDO_SMC_Ltd\"><\/span><strong>About INDO SMC Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products for electrical, industrial, and infrastructure applications. The company design and manufacturing of enclosure box for energy meters, high tension current transformer (\u201cHTCT\u201d), high tension potential transformer (\u201cHTPT\u201d), low tension current transformer (\u201cLTCT\u201d), LT\/HT distribution boxes and panels, fiberglass reinforced plastic (\u201cFRP\u201d) 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 materials. The company currently operates through four manufacturing facilities located in Gujarat, Maharashtra, and Rajasthan. The manufacturing facility in Ahmedabad, where they manufacture SMC and FRP products, is equipped with a variety of machinery and handling equipment to ensure proper product handling and efficient production.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INDO_SMC_Limited_Financials\"><\/span><strong>INDO SMC Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> INDO SMC IPO. <\/strong>Look at the table to learn about INDO SMC Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>30th Sep 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>147.67<\/td><td>99.94<\/td><td>36.32<\/td><td>13.85<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>112.62<\/td><td>138.78<\/td><td>28.06<\/td><td>7.30<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>11.46<\/td><td>15.44<\/td><td>3.00<\/td><td>1.15<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>17.19<\/td><td>22.83<\/td><td>5.08<\/td><td>1.15<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>47.14<\/td><td>35.69<\/td><td>5.79<\/td><td>1.17<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>30.46<\/td><td>19.00<\/td><td>5.06<\/td><td>0.52<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>49.35<\/td><td>35.76<\/td><td>17.70<\/td><td>10.43<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>INDO SMC Limited&#8217;s revenue increased by 394.58% from \u20b928.06 crores in March 2024 to \u20b9138.78 crores in March 2025. Moreover, the company&#8217;s PAT increased by 414.66% from \u20b93.00 crores in March 2024 to \u20b915.44 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Indicators\"><\/span><strong>Technical Indicators<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Several technical indicators are available to assess a company&#8217;s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the <strong>INDO SMC IPO.<\/strong><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>16.10<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>9.25<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>43.27%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>31.39%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>74.45%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>16.45%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>6.97<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b9340.54 Cr<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INDO_SMC_IPO_Listing_Expectations\"><\/span><strong>INDO SMC IPO Listing Expectations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>INDO SMC IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 21.48% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 181.<\/p><p>It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts\u2019 top long-term recommendation.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INDO_SMC_IPO_Dates\"><\/span><strong>INDO SMC IPO Dates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Open Date<\/strong><\/td><td>129th January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>14th January 2026<\/td><\/tr><tr><td><strong>Allotment<\/strong><\/td><td>15th January 2026<\/td><\/tr><tr><td><strong>Refund Date<\/strong><\/td><td>16th January 2026<\/td><\/tr><tr><td><strong>IPO Listing Date<\/strong><\/td><td>19th January 2026<\/td><\/tr><\/tbody><\/table><\/figure><p><strong>Note<\/strong>: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/iicodex-publishing-solutions-ipo-gmp\">Icodex Publishing Solutions IPO GMP: Day 1 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bluestone-jewellery-ipo-gmp\">Bluestone Jewellery IPO GMP: Day 1 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/highway-infrastructure-ipo-listing-preview\">Highway Infrastructure IPO Listing Preview: What to Expect Now in 2025?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/concord-biotech-q1-results-fy26\">Concord Biotech Q1 Results FY26: Q1 PAT Falls 26.07% to \u20b944.06 Crore; Revenue Down 5.47% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/action-construction-equipment-q1-results-fy26\">Action Construction Equipment Q1 Results FY26: Q1 PAT Rises 16.08% to \u20b997.72 Crore; Revenue Down 11.19% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/sawaliya-foods-products-ipo-allotment-status\">Sawaliya Foods Products IPO Allotment Status Check Online: GMP, Subscription, Price, and More<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/jsw-cement-ipo-allotment-status\">INDO SMC IPO Allotment Status Check Online: GMP, Subscription, Price, and More<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/mahendra-realtors-ipo\">Mahendra Realtors IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/regaal-resources-ipo\">Regaal Resources IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/icodex-publishing-solutions-ipo\">Icodex Publishing Solutions IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Here, the INDO SMC IPO launched on 13th January 2026. Bidding for the issue will close today, 21st January 2026. The primary aim of the INDO SMC IPO is to raise \u20b991.95 crores from the market. 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