INDO SMC GMP IPO Date, Review, Price, Allotment Details IPO
INDO SMC IPO Summary
IPO Open Date: 13 Jan 2026
IPO Close Date: 15 Jan 2026
Price Band: ₹141 to ₹149 Per Share
Issue Size: Approx ₹92 Crores
Listing Exchange: BSE SME
Website: https://indosmc.com/
INDO SMC IPO Overview
INDO SMC IPO is a book build issue of ₹91.95 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹91.95 crore.
INDO SMC IPO opens for subscription on Jan 13, 2026 and closes on Jan 15, 2026. The allotment for the INDO SMC IPO is expected to be finalized on Jan 16, 2026. INDO SMC IPO will list on BSE SME with a tentative listing date fixed as Jan 20, 2026.
INDO SMC IPO price band is set at ₹141 to ₹149 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,98,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,47,000.
INDO SMC IPO Details
| Company Name | INDO SMC Limited |
| IPO Open Date | 13 Jan 2026 |
| IPO Close Date | 15 Jan 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹141 to ₹149 Per Share |
| Issue Size | Approx ₹92 Crores |
| Fresh Issue | Approx ₹92 Crores |
| Offer for Sale | - |
| Issue Type | Book Build Issue |
| Listing On | BSE SME |
INDO SMC IPO Review & Key Points
NeutralINDO SMC IPO Market Lot
The INDO SMC IPO minimum market lot is 2,000 shares with ₹2,98,000 application amount.
| Category | 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 |
INDO SMC IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | 17,56,000 Shares | 28.46% |
| QIB (Ex. Anchor) | 11,72,000 Shares | 18.99% |
| NII / HNI | 8,82,000 Shares | 14.29% |
| Retail | 20,52,000 Shares | 33.25% |
Anchor Bidding Date: 12 Jan 2026
Anchor Issue Size: 26.16 Cr
30 Days Lock-in: 15 Feb 2026
90 Days Lock-in: 16 Apr 2026
INDO SMC IPO Dates & Allotment
The INDO SMC IPO date is January 13 and the close date is January 15. The INDO SMC IPO allotment will be finalized on January 16 and the IPO listing on January 20.
| IPO Opening Date | 13 Jan 2026 |
| IPO Closing Date | 15 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 16 Jan 2026 |
| Refunds Initiation | 19 Jan 2026 |
| Credit to Demat | 19 Jan 2026 |
| IPO Listing Date | 21 Jan 2026 |
INDO SMC IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| 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 | ₹- |
INDO SMC Limited Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹7.30 | ₹6.66 | ₹0.46 | ₹13.85 |
| 2024 | ₹28.06 | ₹24.37 | ₹3.00 | ₹36.32 |
| 2025 | ₹138.78 | ₹119.67 | ₹15.44 | ₹99.94 |
| September 2025 | ₹112.62 | ₹98.58 | ₹11.46 | ₹147.67 |
INDO SMC IPO Valuation
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.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹9.61 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 74.45% |
| Return on Capital Employed (ROCE) | 31.39% |
| Return on Net Worth (RoNW) | 43.27% |
| Net Asset Value (NAV) | ₹21.39 |
| EBITDA Margin | 16.45% |
| PAT Margin | 11.13% |
| Debt to Equity Ratio | 1.00 |
INDO SMC IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total 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. |
INDO SMC IPO Promoters & Holding Pattern
The promoters of the company are Mr. Nitin Jasvantbhai Patel, Mr. Neel Niteshbhai Shah, Mrs. Riktabahen Sonawala, Mr. Chaitanya Patel and Mr. Rachit Jain.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,66,84,350 | 82.30% |
| Promoter Holding Post Issue | 2,28,55,350 | 60.07% |
INDO SMC IPO Lead Managers (Merchant Bankers)
- GYR Capital Advisors Pvt.Ltd.
About INDO SMC Limited
Indo SMC Limited is an Ahmedabad-based company specializing in the design and manufacture of electrical, industrial, and infrastructural products using composite materials.
The company operates through three primary divisions: Sheet Moulding Compound (SMC), Fiberglass Reinforced Plastic (FRP), and Electrical Components. The SMC division produces items like energy meter enclosure boxes and SMC sheets. The FRP division manufactures products such as FRP gratings and storage tanks. The Electrical Components division focuses on manufacturing high tension (HT) and low tension (LT) current and potential transformers (CT/PT) and power distribution switchgears.
INDO SMC Limited Address
Ahmedabad, Gujarat, 380006Phone: +91 7575812866
Email: [email protected]
INDO SMC IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/