INDO SMC
CLOSEDIPO Date: 13 Jan - 15 Jan 2026
Listing Date: 21 Jan 2026
Price Range
Rs.141 - Rs.149
Issue Size
92 Cr
Min Investment
₹1,41,000
Lot Size
1000 Shares
Schedule of INDO SMC
Issue open date
13 Jan 2026
Issue close date
15 Jan 2026
UPI mandate deadline
15 Jan 2026 (5 PM)
Allotment finalization
19 Jan 2026
Share credit
20 Jan 2026
Listing date
21 Jan 2026
Mandate end date
30 Jan 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 92 Cr |
| Fresh Issue | 91.95 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 19 Jan 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|
Performance INDO SMC
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.141 - Rs.149 | ₹ 380 (0%) | ₹ 158.9 | 6.64% |
About INDO SMC
INDO SMC designs and manufactures enclosure boxes, transformer components, and power distribution and circuit protection switchgears. Its products include enclosure boxes for energy metres; high-tension current and potential transformers (HTCT, HTPT); low-tension current transformers (LTCT); LT/HT distribution boxes and panels; junction boxes; feeder pillars; fibreglass reinforced plastic (FRP) gratings; sheet moulding compounds (SMC) sheets; and SMC chequered plates. Products are made using SMC, FRP, copper, mild steel, and stainless steel. The company operates four manufacturing facilities in Gujarat, Maharashtra, and Rajasthan, including units in Ahmedabad and Nashik, Maharashtra.
| Founded in | 2021 |
| Managing director | Mr Neel Niteshbhai Shah |
| Parent organization |
Financial Overview
Strengths
- Diversified product portfolio across SMC, FRP and electrical components.
- Presence in power distribution and infrastructure-linked end markets.
- In-house manufacturing and testing capabilities ensure quality control.
- Compliance with relevant Indian standards and quality certifications.
- Experienced promoter group with operational and industry expertise.
Risks
- Business depends on demand from power utilities and infrastructure projects.
- High working capital needs may pressure cash flows.
- Revenue concentration with a limited number of customers.
- Raw material price volatility can impact margins.
- No prior public trading history of the company’s equity shares.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 74.45 |
| Non-Institutional Investors (NIIs) | 93.15 |
| Retail Individual Investors (RIIs) | 68.06 |
| Employee | N/A |
| Total | 76.52 |