INDO SMC IPO GMP & Review: Apply or Avoid?

The INDO SMC IPO is open for bidding from 13th January 2026 to 15th January 2026. It is a bookbuilding IPO of ₹91.95 crore, an entirely fresh issue of 0.62 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 20th January 2026. 

INDO SMC IPO Details 

The INDO SMC IPO date is fixed between 13th January 2026 and 15th January 2026. The face value of INDO SMC shares stands at ₹10 per share, and the IPO Issue price band is set at ₹141 to ₹149 per share

Kfin Technologies Limited is the registrar of the INDO SMC IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

INDO SMC IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.62 crore shares worth ₹91.95 crore. INDO SMC IPO Limited shares will be listed on the BSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

INDO SMC IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the INDO SMC IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 13th January 2026, INDO SMC IPO GMP stands at ₹25.00 per share, which means the share will likely list at ₹174.00 on its tentative listing date, 20th January 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the INDO SMC IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

INDO SMC IPO GMP Review

Check out the detailed INDO SMC GMP IPO review for a thorough understanding of its potential to report listing gains on 20th January 2026. The INDO SMC IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the INDO SMC IPO.

INDO SMC Limited’s revenue increased by 394.58% from ₹28.06 crores in March 2024 to ₹138.78 crores in March 2025. Moreover, the company’s PAT increased by 414.66% from ₹3.00 crores in March 2024 to ₹15.44 crores in March 2025.

INDO SMC’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the INDO SMC IPO, with its tentative listing day set for 20th January 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the INDO SMC IPO.

The PE ratio of INDO SMC Limited shares is 16.10, and its Earnings Per Share (EPS) stands at 9.25. Thus, the INDO SMC IPO can deliver gains on its tentative listing date, 20th January 2026. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of INDO SMC Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

INDO SMC IPO Subscription Status

The INDO SMC IPO will open for bidding on 13th January 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live INDO SMC IPO Subscription Status. 

About INDO SMC Limited

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 (“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 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.

INDO SMC Limited Financials

The company’s financial analysis is essential before applying for the INDO SMC IPO. Look at the table to learn about INDO SMC Limited’s financials. 

Explanation

INDO SMC Limited’s revenue increased by 394.58% from ₹28.06 crores in March 2024 to ₹138.78 crores in March 2025. Moreover, the company’s PAT increased by 414.66% from ₹3.00 crores in March 2024 to ₹15.44 crores in March 2025.

INDO SMC Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the INDO SMC IPO

The primary aim of the INDO SMC IPO is to raise ₹91.95 crores. On the other hand, INDO SMC has decided to utilise these funds in different ways.

• To fund the capital expenditure of the company to purchase Plant and Machinery
• To General Corporate Expenses
• To fund the working capital requirements of the company

Should I Invest in the INDO SMC IPO?

Explore the pros and cons of INDO SMC to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the INDO SMC IPO

• The company has a Diverse Product Range.
• The company has established a relationship with customers
• The company has Strong Manufacturing Capabilities
• The company has Robust Quality Assurance and control

Cons of the INDO SMC IPO

• The company has a low-tech and commodity-like product mix
•  The company has a Volatile revenue profile
• The company has Working Capital & Cash Flow Pressure

How to Apply for the INDO SMC IPO?

Check the steps mentioned below to apply for the INDO SMC Ltd.

• Step 1: Conduct thorough research on the INDO SMC IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 2,000 shares worth ₹2,98,000
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the INDO SMC IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the INDO SMC IPO Allotment Status?

You can check for the INDO SMC IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

• Visit the BSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the INDO SMC IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your INDO SMC IPO allotment status.

Let’s Wrap

The INDO SMC IPO is a bookbuilding issue of shares worth ₹91.95 crores. The shares of INDO SMC Limited will be listed on BSE and SME on its tentative listing date of 20th January 2026. Researching the INDO SMC IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on INDO SMC IPO

How is the INDO SMC IPO?

Ans. Currently, on 13th January 2026, the INDO SMC GMP (Grey Market Premium) stands at ₹25.00. It indicates that the estimated listing price could be ₹174 per share. It is a bookbuilding IPO of ₹91.95 shares. The face value of each INDO SMC share is ₹10 per share. 

What is the INDO SMC IPO price?

Ans. The INDO SMC IPO issue price band is set at ₹141 to ₹149 per share. 

Is the INDO SMC IPO a good investment?

Ans. INDO SMC Limited’s revenue increased by 394.58% from ₹28.06 crores in March 2024 to ₹138.78 crores in March 2025. Moreover, the company’s PAT increased by 414.66% from ₹3.00 crores in March 2024 to ₹15.44 crores in March 2025.

Who is the registrar of the INDO SMC IPO?

Ans. Kfin Technologies Limited is the registrar for the INDO SMC IPO, awaiting the allotment process and initiating refunds. For any queries regarding the INDO SMC allotment and refund, you can contact Kfin Technologies Limited at austere.ipo@kfintech.com or at 04067162222 or 04079611000.

What is the issue size of the INDO SMC IPO? 

Ans. INDO SMC IPO is a bookbuilding IPO of ₹91.95 crores. Moreover, the IPO is set to open on 13th January 2026 and close on 15th January 2026. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the INDO SMC IPO, download the INDO SMC IPO RHP and INDO SMC IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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