INDO SMC IPO Subscription Day 1: Check Online Status

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 ₹91.95 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. 

INDO SMC IPO Details 

The price band for Riddhi Display Equipment’s IPO has been set at ₹100 to ₹105 per share, and a total of 61,71,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors. 

INDO SMC IPO Subscription Status

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).  

The healthy subscription status indicates that investors are expecting higher returns at the time of INDO SMC’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.

INDO SMC IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the INDO SMC IPO GMP for 13th January 2026. 

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’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs. 

About INDO SMC Ltd.

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 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.

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.

Technical Indicators

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

INDO SMC IPO Listing Expectations

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.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

INDO SMC IPO Dates

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.

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