SME
IPO ·
BSE SME
Wiscon Industries Ltd
Closed
Delhi-based supplier of consumer electronics (LED TVs, coolers, washing machines, ACs) under the Wiscon brand.
Issue details
Price band
₹194 – ₹204
Face value
₹10
Lot size
600 shares
Minimum investment
₹2,44,800
Issue size
₹110 Cr
Fresh issue
₹88.01 Cr
Offer for sale
₹22 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
27 Oct 2026
Closes
29 Oct 2026
UPI mandate cut-off
5:00 PM on 29 Oct 2026
Allotment
30 Oct 2026
Refunds
2 Nov 2026
Shares in demat
2 Nov 2026
Listing
3 Nov 2026
Subscription and listing
Subscription
1.17x
Listing price
Not listed yet
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Smart Horizon Capital Advisors Pvt Ltd
Subscription by category
QIB (Ex Anchor)
2.24x
NII
0.62x
Retail
0.66x
Total
1.17x
Anchor investors
Amount raised
₹25.01 Cr
Bid date
26 Oct 2026
50% lock-in ends
29 Nov 2026
Rest lock-in ends
28 Jan 2027
Grey market premium
Latest GMP
₹0
Est. listing price
₹204 (+0.0%)
Updated
30 Oct 2026
Unofficial grey market indication sourced via Chittorgarh. GMP is not regulated, can change quickly and is not a reliable guide to listing price. Not a recommendation.
Issue structure
Shares reserved per category and share of the total issue
QIB
24,51,600
45.47%
Anchor Investor
12,25,800
22.73%
QIB (Ex. Anchor)
12,25,800
22.73%
NII
7,72,200
14.32%
bNII > ₹10L
5,14,800
9.55%
sNII < ₹10L
2,57,400
4.77%
Retail
17,78,400
32.98%
Market Maker
3,90,000
7.23%
Total
53,92,200
100.00%
Finaccle’s quick read
Avoid
Revenue jumped from ₹3.21 Cr in FY24 to ₹73.39 Cr in FY26 on a company formed in 2022, with an unexplained gap to the ₹197.13 Cr total income shown, ROE of 117% and P/B of 10.45x.
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
Wiscon Industries is a Delhi-based trader and supplier of consumer electronics under the Wiscon brand, including LED TVs, air coolers, washing machines and air conditioners, plus third-party electric scooters. It sells through dealers and distributors as well as its own online platform. It had 76 employees at September 2026 and FY26 total income of ₹197.13 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
117.37%
ROCE
51.82%
Debt / equity
0.83
PAT margin
10.36%
P/E post issue
12.93x
Market cap
₹407.75 Cr
Use of IPO money
Investment in subsidiary Dalmia Technologies for plant and machinery
₹15.04 Cr
Investment in subsidiary Dalmia Technologies for working capital
₹35.00 Cr
Working capital of the company
₹17.00 Cr
Marketing and promotional activities
₹5.23 Cr
General corporate purposes
—
Strengths
✓
Own consumer electronics brand across several categories
✓
Mix of B2B, dealer and online sales
✓
After-sales service network across India
✓
Post-issue P/E of 12.93x
Risks to watch
!
Revenue from operations rose from ₹3.21 Cr in FY24 to ₹73.39 Cr in FY26
!
Page's total income (₹197.13 Cr) does not match stated revenue
!
Only two periods of restated financials shown
!
P/B of 10.45x; promoter OFS of ₹22 Cr
!
Trading model in a crowded, low-margin category
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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.