SME
IPO ·
BSE SME
INDO SMC Ltd
Listed
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.
Issue details
Price band
₹141 – ₹149
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,98,000
Issue size
₹91.95 Cr
Fresh issue
₹87.34 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
13 Jan 2026
Closes
16 Jan 2026
UPI mandate cut-off
5:00 PM on 16 Jan 2026
Allotment
19 Jan 2026
Refunds
20 Jan 2026
Shares in demat
20 Jan 2026
Listing
21 Jan 2026
Subscription and listing
Subscription
77.38x
Listing price
₹149
Registrar
Kfin Technologies Ltd
Lead manager
GYR Capital Advisors
Subscription by category
Total
77.38x
Total applications
1,23,098
Anchor investors
Amount raised
₹26.16 Cr
Bid date
12 Jan 2026
50% lock-in ends
15 Feb 2026
Rest lock-in ends
16 Apr 2026
Listing day
Issue price
₹149
Open
₹149.00
High
₹156.45
Low
₹141.55
Day close
₹154.80
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
29,28,000
47.45%
Anchor Investor Shares Offered
17,56,000
28.46%
QIB (Ex. Anchor) Shares Offered
11,72,000
18.99%
NII Shares Offered
8,82,000
14.29%
bNII > ₹10L
5,88,000
9.53%
sNII < ₹10L
2,94,000
4.76%
Retail Shares Offered
20,52,000
33.25%
Market Maker Shares Offered
3,09,000
5.01%
Total Shares Offered
61,71,000
100.00%
Finaccle’s quick read
Apply
FY25 income up 395%, PAT up 415%, ROE 27.66%, D/E 1.05, post-issue P/E 14.86x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural 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.
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
27.66%
ROCE
17.50%
Debt / equity
1.05
PAT margin
10.18%
P/E post issue
14.86
Market cap
₹340.54 Cr
Use of IPO money
Funding capital expenditure of the company to purchase Plant and Machinery
₹25.71 Cr
Funding the working capital requirements of the Company
₹52.00 Cr
General Corporate Purposes
₹6.89 Cr
Issue expenses
₹7.35 Cr
Strengths
✓
Revenue up 395% in FY25 to ₹138.78 Cr
✓
PAT up 415% in FY25 to ₹15.44 Cr
✓
PAT margin of 10.18%
✓
ROE of 27.66% and ROCE of 17.50%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Debt to equity of 1.05
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.