INDO SMC IPO Date, Review, Price, Allotment Details
The INDO SMC IPO will open for subscription on January 13, 2026, and will close on January 15, 2026. This IPO is a book-built issue through which the company aims to raise approximately ₹92 crore. The issue consists of a fresh issue worth ₹92 crore along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The price band for the INDO SMC IPO is fixed between ₹141 and ₹149 per share. The allocation is divided as 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-Worth Individuals (HNIs). The shares are proposed to be listed on the BSE SME platform on January 20, 2026, while the IPO allotment is expected to be finalized on January 16, 2026.
On the financial front, the company has shown strong growth. It reported revenue of ₹138.78 crore in FY 2025, a significant increase from ₹28.06 crore in FY 2024. Net profit also rose sharply to ₹15.44 crore in 2025, compared to ₹3.00 crore in the previous year. Based on this financial performance, the IPO appears suitable for investors with a long-term investment perspective.
INDO SMC IPO Details
IPO Open Date January 13, 2026 IPO Close Date January 15, 2026 Face Value ₹10 Per Equity Share IPO Price Band ₹141 to ₹149 Per Share Issue Size Approx ₹92 Crores Fresh Issue Approx ₹92 Crores Issue Type Book Build Issue IPO Listing BSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
INDO SMC IPO Market Lot
The minimum lot size for the INDO SMC IPO is 2,000 equity shares, requiring a minimum investment of ₹2,98,000 per application.
Application Lot Size Shares Amount Retail Minimum 2 2,000 ₹2,98,000 Retail 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
Investor Category Share Offered -% Shares Anchor Investor 17,56,000 Shares 28.46% QIB (Ex. Anchor) 11,72,000 Shares 18.99% NII Shares Offered 8,82,000 Shares 14.29% Retail Shares Offered 20,52,000 Shares 33.25%
INDO SMC IPO Anchor Investors
Anchor Bidding Date January 12, 2026 Anchor Investors List Shares Offered 17,56,000 Shares Anchor Size [.] Cr. lock-in period end date 50% shares (30 Days) February 15, 2026 lock-in period end date 50% shares (90 Days) April 16, 2026
INDO SMC IPO Dates
The INDO SMC IPO will open for subscription on January 13 and close on January 15. The allotment is scheduled to be finalized on January 16, and the shares are expected to be listed on January 20.
IPO Open Date: January 13, 2026 IPO Close Date: January 15, 2026 Basis of Allotment: January 16, 2026 Refunds: January 19, 2026 Credit to Demat Account: January 19, 2026 IPO Listing Date: January 20, 2026 IPO Bidding Cut-off Time: January 15, 2026 – 5 PM
Promoters and Holding Pattern
The company is promoted by Mr. Nitin Jasvantbhai Patel, Mr. Neel Niteshbhai Shah, Mrs. Riktabahen Sonawala, Mr. Chaitanya Patel, and Mr. Rachit Jain.
Particular Shares % Share Promoter Holding Pre Issue 1,66,84,350 82.30% Promoter Holding Post Issue 2,28,55,350 60.07%
Objects of the Issue & Utilisation of proceeds
Purpose Crores Funding capital expenditure of the company to purchase Plant and Machinery ₹25.71 Funding the working capital requirements of the company ₹52.00 General Corporate Purposes ₹-
About INDO SMC IPO
Indo SMC Limited is engaged in the design and manufacturing of a wide range of electrical enclosures and switchgear products. Its product portfolio includes energy meter boxes, high-tension and low-tension current and potential transformers (HTCT, HTPT, LTCT), distribution boxes and panels, junction boxes, feeder pillars, and fiberglass gratings. These products are manufactured using materials such as sheet moulding compounds (SMC), fiberglass reinforced plastic (FRP), copper, mild steel, and stainless steel.
The company operates through four manufacturing facilities located across Gujarat, Maharashtra, and Rajasthan. Indo SMC caters to electrical, industrial, and infrastructure sectors by offering a diverse range of customized products. Backed by advanced machinery and modern equipment, the company focuses on maintaining high quality standards, ensuring timely delivery, and meeting the evolving requirements of its clients.
INDO SMC IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹7.30 ₹6.66 ₹0.46 ₹99.94 2024 ₹28.06 ₹24.37 ₹3.00 ₹99.94 2025 ₹138.78 ₹119.67 ₹15.44 ₹13.85 September 2025 ₹112.62 ₹98.58 ₹11.46 ₹147.67
INDO SMC IPO Valuation – FY2025
Check INDO SMC IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 74.45% ROCE: 31.39% EBITDA Margin: 16.45% PAT Margin: 11.13% Debt to equity ratio: 1.00 Earning Per Share (EPS): ₹9.61 (Basic) Price/Earning P/E Ratio: N/A Return on Net Worth (RoNW): 43.27% Net Asset Value (NAV): ₹21.39
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Aeron composite limited 7.84 13.01 13.21% 59.33 220.76 Cr. RMC switch gear limited 29.81 14.75 29.40% 101.39 319.42 Cr.
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
Company Address
INDO SMC Ltd Address
809,
Shilp Zaveri Shyamal Cross Road,
Vejalpur, Shyamal,
Ahmedabad, Gujarat, 380006
Phone: +91 7575812866
Email: cs@indosmc.com
Website: https://indosmc.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: austere.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/