INDO SMC's upcoming Rs 92 crore SME IPO is generating buzz, with the grey market showing a 24% premium despite a cautious market.
IPO Overview
The subscription window opens on Tuesday and will close on January 16. The company plans to list its shares on the BSE SME platform on January 21.
Issue Size and Pricing
All 61.71 lakh shares are fresh issues, aiming to raise about Rs 91.95 crore. The price band is set between Rs 141 and Rs 149 per share. At the top of the band, the pre‑IPO market value is roughly Rs 340.5 crore.
Retail investors must apply for at least 2,000 shares, which costs around Rs 2.98 lakh at the upper price. High‑net‑worth individuals need a minimum of 3,000 shares, or about Rs 4.47 lakh.
Allocation Breakdown
- Qualified Institutional Buyers (including anchors): 47.45%
- Retail investors: 33.25%
- Non‑institutional investors: 14.29%
- Market makers: 5%
About INDO SMC
INDO SMC designs and manufactures electrical and industrial products such as enclosure boxes for energy meters, transformer housings, distribution panels, FRP gratings, feeder pillars, and power distribution switchgears.
The company runs four factories across Gujarat, Maharashtra and Rajasthan. Its Ahmedabad unit focuses on SMC and FRP products and includes in‑house testing labs to meet quality standards.
Recent Financial Performance
- Six months ended 30 Sep 2025: Revenue Rs 112.62 crore, PAT Rs 11.46 crore.
- Full year FY 2025: Revenue Rs 138.78 crore, Net profit Rs 15.44 crore.
Use of IPO Funds
- Capital expenditure for plant and machinery: ~Rs 25.7 crore.
- Working capital needs: ~Rs 52 crore.
- Remaining amount: general corporate purposes.
Key Dates and Participation Details
- Subscription opens: Tuesday (specific date not provided).
- Subscription closes: 16 January.
- Listing date: 21 January on BSE SME.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research and consider your financial situation before investing.