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Open
13 Jan 2026
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Close
16 Jan 2026
3
Allotment
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Listing
Wed, Jan 21, 2026
Price Band
₹141 to ₹149
Issue Size
61,71,000 shares (agg. up to ₹92 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, Jan 21, 2026
Latest GMP
₹10
Est. Gain
6.71%
✦ AI Insight
GMP Trend
21-01-2026₹10Est. ₹159+6.71%
20-01-2026₹10Est. ₹159+6.71%
19-01-2026₹19Est. ₹168+12.75%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 77.38x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 147.67 | 99.94 | 36.32 | 13.85 |
| 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 |
| Reserves and Surplus | 30.46 | 19.00 | 5.06 | 0.52 |
| Total Borrowing | 49.35 | 35.76 | 17.70 | 10.43 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sugs Lloyd Ltd. | SME | ₹85.66 Cr | ₹123 | 11.91 | ₹125.85 | +2.32% | ₹138.15 (-4.16%) |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹422.60 (+4.99%) |
| Smarten Power Systems Ltd. | SME | ₹50.00 Cr | ₹100 | 11.75 | ₹151.20 | +51.20% | ₹60.00 (-0.74%) |
| Eppeltone Engineers Ltd. | SME | ₹43.96 Cr | ₹128 | 10.86 | ₹255.35 | +99.49% | ₹110.00 (-0.68%) |
| ATC Energies System Ltd. | SME | ₹63.76 Cr | ₹118 | 17.4 | ₹101.65 | -13.86% | ₹23.50 (+0.43%) |
| Fujiyama Power Systems Ltd. | Mainboard | ₹828.00 Cr | ₹228 | 40.85 | ₹208.44 | -8.58% | ₹365.15 (-0.42%) |
| Emmvee Photovoltaic Power Ltd. | Mainboard | ₹2,900.00 Cr | ₹217 | 34.9 | ₹219.40 | +1.11% | ₹345.05 (-5.73%) |
| Saatvik Green Energy Ltd. | Mainboard | ₹900.00 Cr | ₹465 | 24.35 | ₹440.70 | -5.23% | ₹466.40 (-0.24%) |
| Mangal Electrical Industries Ltd. | Mainboard | ₹400.00 Cr | ₹561 | 24.31 | ₹535.35 | -4.57% | ₹297.65 (+1.03%) |
| Vikram Solar Ltd. | Mainboard | ₹2,079.37 Cr | ₹332 | 75.16 | ₹356.40 | +7.35% | ₹192.22 (-1.28%) |
| Prostarm Info Systems Ltd. | Mainboard | ₹168.00 Cr | ₹105 | 19.75 | ₹126.00 | +20.00% | ₹127.32 (-1.39%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure of the company to purchase Plant and Machinery | 25.71 |
| 2 | Funding the working capital requirements of the Company | 52.00 |
| 3 | General Corporate Purposes | 6.89 |
| 4 | Issue expenses | 7.35 |
| Total | 91.95 |
About INDO SMC IPO
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. The company has in-house testing laboratories to ensure products meet quality requirements and suitable material composition. The company currently operate through four manufacturing facility, located at Gujarat, Maharashtra and Rajasthan. The manufacturing facility at Ahmedabad where they manufacture SMC and FRP products, comes equipped with a variety of machinery and other handling tools to guarantee appropriate product handling and efficient production. Competitive Strengths: Diverse Product Range Strong Manufacturing Capabilities Industry Expertise and Leadership Robust Quality Assurance and control Established relationship with customers + Read
Contact Details
INDO SMC Ltd. Address809, Shilp Zaveri Shyamal Cross RoadVejalpur, ShyamalAhmedabad, Gujarat, 380006+91 7575812866cs@indosmc.comVisit Website