INDO SMC Ltd. is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial and infrastructure applications.
INDO SMC IPO 2026 – Dates, Price Band, Lot Size, Review & Full Details
Book Building IPO | BSE SME
IPO Snapshot
13 January 2026
15 January 2026
16 January 2026
20 January 2026 (Tentative)
₹141 – ₹149 per share
1,000 shares
₹91.95 Crore
Bookbuilding IPO (Fresh Issue)
INDO SMC IPO Key Details
| Particular | Details |
|---|---|
| IPO Dates | 13 to 15 January 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹149 per share |
| Total Issue Size | 61,71,000 shares (₹91.95 Cr) |
| Market Cap (Pre-IPO) | ₹340.54 Crore |
| Listing At | BSE SME |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Capital |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Market Makers | Giriraj Stock Broking Pvt. Ltd., Nikunj Stock Brokers Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Tuesday, 13 January 2026 |
| IPO Closes | Thursday, 15 January 2026 |
| Allotment | Friday, 16 January 2026 |
| Refunds | Monday, 19 January 2026 |
| Shares Credited | Monday, 19 January 2026 |
| Listing | Tuesday, 20 January 2026 |
IPO Lot Size & Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum & Maximum) | 2 | 2,000 | 2,98,000 |
| S-HNI (Minimum) | 3 | 3,000 | 4,47,000 |
| S-HNI (Maximum) | 6 | 6,000 | 8,94,000 |
| B-HNI (Minimum) | 7 | 7,000 | 10,43,000 |
IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 3,09,000 (5.01%) |
| QIB (Total) | 29,28,000 (47.45%) |
| • Anchor Investors | 17,56,000 (28.46%) |
| • QIB (Ex-Anchor) | 11,72,000 (18.99%) |
| NII (HNI) | 8,82,000 (14.29%) |
| Retail | 20,52,000 (33.25%) |
| Total | 61,71,000 (100%) |
About INDO SMC Ltd.
INDO SMC Ltd. is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial and infrastructure applications.
The company manufactures enclosure boxes for energy meters, HTCT, HTPT, LTCT, LT/HT distribution boxes and panels, FRP gratings, junction boxes, feeder pillars and other power distribution and circuit protection switchgears.
The company operates four manufacturing facilities located in Gujarat, Maharashtra and Rajasthan, with in-house testing laboratories to ensure quality and material standards.
Competitive Strengths
- Diverse product portfolio
- Strong manufacturing capabilities
- Industry expertise and leadership
- Robust quality assurance and control systems
- Established customer relationships
Financial Performance (₹ Crore)
| Particular | 30 Sep 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | 112.62 | 138.78 | 28.06 | 7.30 |
| Profit After Tax | 11.46 | 15.44 | 3.00 | 0.46 |
| EBITDA | 17.19 | 22.83 | 5.08 | 1.15 |
| Net Worth | 47.14 | 35.69 | 5.79 | 1.17 |
| Total Assets | 147.67 | 99.94 | 36.32 | 13.85 |
| Total Borrowing | 49.35 | 35.76 | 17.70 | 10.43 |
Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital expenditure for plant and machinery | 25.71 |
| Working capital requirements | 52.00 |
| General corporate purposes | — |
Key Performance Indicators (FY25)
| ROE | 74.45% |
| ROCE | 31.39% |
| Debt / Equity | 1.00 |
| RoNW | 43.27% |
| PAT Margin | 11.13% |
| EBITDA Margin | 16.45% |
| Price to Book Value | 6.97 |
| Post-IPO P/E | 14.86x |
Promoters
Mr. Nitin Jasvantbhai Patel, Mr. Neel Niteshbhai Shah, Mrs. Riktabahen Sonawala, Mr. Chaitanya Patel and Mr. Rachit Jain.
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-67162222, 040-79611000
Email: austere.ipo@kfintech.com
IPO Lead Manager
- GYR Capital Advisors Pvt. Ltd.
Lead Manager reports include performance summary and tracker.
Company Contact Details
INDO SMC Ltd.
809, Shilp Zaveri, Shyamal Cross Road,
Vejalpur, Shyamal,
Ahmedabad, Gujarat – 380006
Phone: +91 7575812866
Email: cs@indosmc.com
Frequently Asked Questions (FAQ)
What is the INDO SMC IPO date?
The IPO opens on 13 January 2026 and closes on 15 January 2026.
What is the price band of INDO SMC IPO?
The price band is ₹141 to ₹149 per share.
What is the lot size of INDO SMC IPO?
The minimum application size is 2,000 shares.
When will INDO SMC IPO allotment be finalised?
The allotment is expected on 16 January 2026.
Where will INDO SMC IPO list?
The IPO will list on BSE SME.