Indo SMC Limited IPO
Indo SMC Limited IPO
Price Band
₹141 - ₹149
Total Issue
₹91.95 Cr
Bid Dates
13 Jan - 16 Jan
Subscription
102.83x
Est. GMP
₹14 (9.40%)
Tentative Timetable
Business Overview
Indo SMC operates a diversified manufacturing business comprising three key divisions. Its Sheet Moulding Compound (SMC) division manufactures energy meter enclosure boxes, SMC sheets and SMC chequered plates, produced in compliance with IS:13410 and IS:14772 standards. The Fiberglass Reinforced Plastic (FRP) division focuses on the manufacture of moulded grating plates, storage tanks and allied products that are customized for industrial applications and offer enhanced corrosion resistance. In addition, the electrical components division manufactures HTCTs, HTPTs, LTCTs, feeder pillars and other power distribution and protection switchgears. The Company maintains in-house testing laboratories for testing incoming materials and finished goods.
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Individual (Min) | 2 | 2,000 | ₹2,98,000 |
| Individual (Max) | 2 | 2,000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,43,000 |
Issue Size
Objects of the Issue
A1
A2
A3
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 20 Jan | ₹14 (9.4%) | ₹163 |
| 19 Jan | ₹25 (16.8%) | ₹174 |
| 18 Jan | ₹25 (16.8%) | ₹174 |
| 17 Jan | ₹25 (16.8%) | ₹174 |
| 16 Jan | ₹32 (21.5%) | ₹181 |
| 15 Jan | ₹32 (21.5%) | ₹181 |
| 14 Jan | ₹32 (21.5%) | ₹181 |
| 13 Jan | ₹32 (21.5%) | ₹181 |
| 12 Jan | ₹35 (23.5%) | ₹184 |
| 11 Jan | ₹35 (23.5%) | ₹184 |
| 10 Jan | ₹35 (23.5%) | ₹184 |
| 09 Jan | ₹31 (20.8%) | ₹180 |
| 08 Jan | ₹25 (16.8%) | ₹174 |
| 07 Jan | ₹25 (16.8%) | ₹174 |
Indo SMC IPO Peer Comparison
(Rs. in crores)
| Particulars | Indo SMC | Aeron composite | RMC Switchgears |
|---|---|---|---|
| Revenue | 138.69 | 215.31 | 318.16 |
| PAT | 15.44 | 13.34 | 31.45 |
| EPS (₹) | 9.61 | 7.84 | 29.81 |
| NAV (₹) | 21.39 | 59.33 | 101.39 |
| RONW | 43.27% | 13.21% | 29.40% |
| EBITDA | 16.45% | 10.76% | 17.06% |
| PAT Mrgn | 11.13% | 6.20% | 9.89% |
| PE Ratio | 15.50 | 13.01 | 14.75 |
| Debt to Equity | 1.00 | 0.45 | 0.55 |
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 26th December, 2025 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 112.54 | 138.69 | 28.03 | 7.30 |
| PAT | 11.46 | 15.44 | 3.00 | 0.46 |
| Net Worth | 47.14 | 35.69 | 5.79 | 1.17 |
| Borrowings | 49.35 | 35.76 | 17.70 | 10.43 |
| Assets | 147.67 | 99.94 | 36.32 | 13.85 |
| NAV (₹) | 28.25 | 21.39 | 3.77 | 0.86 |
| EPS (₹) | 6.87 | 9.61 | 2.19 | 0.33 |
KPIs
EBITDA
16.45%
PAT
11.13%
ROE
74.45%
ROCE
31.39%
Debt to Equity
1.00
PE Ratio
15.50
PB Ratio
6.97
Mkt Cap (in Crs.)
340.54
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
82.30%
Public
17.70%
Management
Subscription Status
Updated as on 16 Jan 2026 | 05:00:00 PM
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 94.94x | 11,72,000 | 11,12,65,000 |
| NII | 164.59x | 8,82,000 | 14,51,65,000 |
| bHNI | 193.37x | 5,88,000 | 11,37,00,000 |
| sHNI | 107.02x | 2,94,000 | 3,14,65,000 |
| Individual Investor | 96.13x | 20,52,000 | 19,72,52,000 |
| Total | 110.49x | 41,06,000 | 45,36,82,000 |
Frequently Asked Questions
What is Indo SMC IPO?
When will Indo SMC IPO open?
What is the GMP of Indo SMC IPO?
What is the lot size of Indo SMC IPO?
When is the allotment of Indo SMC IPO?
What is the listing date of Indo SMC IPO?
What is the subscription of Indo SMC IPO?
What is the price band of Indo SMC IPO?
How to check allotment status of Indo SMC IPO?
How to apply Indo SMC IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Indo SMC IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Indo SMC IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Indo SMC IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date