INDO SMC IPO Listing at a flat price of ₹149.00 Per Share

Posted by : sachet | Wed Jan 21 2026

INDO SMC IPO listing at flat ₹149.00 per share over the issue price band of ₹141 to ₹149 per share. The INDO SMC IPO was subscribed 110.49 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 94.94 times, and non-institutional investors (NIIs) received 164.59 times. The retail quota of the issue was subscribed to 33.25%. Before delving deeper into the topic, go through the details of the INDO SMC IPO.

Table of Contents

INDO SMC IPO

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, 21st January 2026. The INDO SMC IPO date is fixed between 13th January 2026 and 16th January 2026. The face value of INDO SMC shares stands at ₹10 per share, and the IPO Issue price band is set at ₹74 per share

IPO Allotment Date	16th January 2026
IPO Open Date	13th January 2026
IPO Close Date	15th January 2026
Refund Initiation	19th January 2026
Issue Size	61,71,000 shares(agg. up to ₹92 Cr)
Face Value	₹10 per share
Lot Size	1,000 Shares
Issue Price	₹141 to ₹149 per share
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Listing Date	20th January 2026

INDO SMC IPO Listing

On the BSE & SME platforms, INDO SMC shares are listed at a flat price of ₹149.00 per share, reflecting the issue price.

About the INDO SMC IPO

INDO SMC Ltd designs and manufactures 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 are made from suitable materials. The company currently operates through four manufacturing facilities located in Gujarat, Maharashtra, and Rajasthan. The manufacturing facility in Ahmedabad, which produces SMC and FRP products, is equipped with a range 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 INDO SMC Limited’s IPO. Refer to the table to learn about Vidya Wires Limited’s financial information.

Year Ended	30th Sep 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	147.67	99.94	36.32	13.85
Revenue	112.62	138.78	28.06	7.30
Profit After Tax	11.46	15.44	3.00	1.15
EBITDA	17.19	22.83	5.08	1.15
Net Worth	47.14	35.69	5.79	1.17
Reserves and Surplus	30.46	19.00	5.06	0.52
Total Borrowings	49.35	35.76	17.70	10.43

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.