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INDO SMC IPO
109.58xsubscribed

INDO SMC IPO

Electric Equipment
listed
₹2.82LMin. investment

INDO SMC Limited IPO Details

SectorElectric Equipment
Price range₹141 – ₹149
IPO type
SME
Lot size1000 shares
Issue size₹92Cr
Draft Red Herring Prospectus
Read
Market cap
₹340.54CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹138.69CrLower than sector avg
Growth rate3Y CAGR
336%

INDO SMC IPO Subscription Status

Date
QIB
NII
Retail
Total
13-Jan-26
0.02 times (X)
0.96 times (X)
1.6 times (X)
1.01 times (X)
14-Jan-26
0.3X
2.17X
3.13X
2.12X
15-Jan-26
0.3X
2.19X
3.32X
2.21X
16-Jan-26
2.65X
160.07X
94.73X
109.58X

As on 13-Jan-26, 5:46 PM

INDO SMC IPO Timeline

  1. Pre-apply
    12 Jan 2026
  2. Bid start
    13 Jan 2026
  3. Bid end
    16 Jan 2026
  4. Allotment
    19 Jan 2026
  5. Release of funds
    20 Jan 2026
  6. Demat transfer
    20 Jan 2026
  7. Listing
    21 Jan 2026

About INDO SMC Limited

INDO SMC is engaged in the design and production of enclosure boxes for energy meters, HTCT, HTPT, LTCT, LT/HT distribution boxes and panels, FRP gratings, junction boxes, feeder pillars, and power distribution and circuit protection switchgears. Its operations are organised into three divisions: the sheet moulding compound (SMC) division, manufacturing energy meter enclosure boxes, SMC sheets and chequered plates; the fibreglass reinforced plastic (FRP) division manufacturing gratings, pultruded products and storage tanks; and the electrical components division manufacturing transformers, feeder pillars and related equipment. The company operates four manufacturing facilities across Gujarat, Maharashtra and Rajasthan, with in-house testing laboratories.
In terms of products, bus duct generated the most revenue, making up 65.12%. SMC box followed, contributing 21.86% as of September 2025. Maharashtra accounted for the largest share of revenue at 74.02%, with Gujarat coming next at 16.18%. In the period ending in September 2025, the company served 162 clients, 97 of whom were repeat clients. As of November 30, 2025, it has an order book of ₹ 283.19 crore.

Checklist

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Objectives of Indo Smc Limited IPO

Working capital
56.52%
The company will utilise ₹52 crore towards working capital requirements of the business
Capital expenditure
27.94%
The company will utilise ₹25.71 crore to purchase plant and machinery.
General corporate purposes
15.54%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹138.69Cr336%₹15.44Cr₹340.54Cr15.501.00
This sector (avg.)₹1,165.91Cr0%₹116.9Cr₹10,304.95Cr99.840.59
₹12,188.31Cr---₹1,874.61Cr₹1,18,213.1Cr66.900.01
₹17,364.2Cr---₹1,688.8Cr₹1,10,443.7Cr65.400.01
₹9,908.66Cr---₹972.98Cr₹91,981.6Cr81.420.01

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

INDO SMC IPO Contact Details

Company NameINDO SMC Limited

How to apply for INDO SMC IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Indo Smc Limited IPO FAQs