Indo SMC Limited IPO
Indo SMC Limited IPO
SME BSE SME Closed

Price Band

₹141 - ₹149

Total Issue

₹92 Cr

Bid Dates

13 Jan - 16 Jan

Subscription

110.49x

Listing Price

₹149 (0.00%)

Website RHP Check Allotment

Valuation

Market Cap

₹340.54 Cr

P/E Ratio

15.50x

P/B Ratio

6.97x

Indo SMC IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

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.

Lots & IPO Size

Indo SMC IPO Lot Size

Lot Information for Indo SMC IPO
Category Lots Shares Amount
Ind (Min) 2 2,000 ₹2,98,000
Ind (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
Allocate Funds
Market Maker
3,09,000 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Indo SMC IPO Size

Total ₹92 Cr
Fresh Issue
₹92 Cr (0.62 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Funding capital expenditure of the company to purchase Plant & machinery
  2. Funding the working capital requirements of the company
  3. General Corporate Purposes

Indo SMC IPO Live Subscription 3

Updated as on 16 Jan 2026 | 05:00:00 PM

Indo SMC IPO Subscription Status (BSE SME)
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 96.13x 20,52,000 19,72,52,000
Total 110.49x 41,06,000 45,36,82,000

Indo SMC IPO Details Live GMP

GMP ₹14
Est. Price ₹163
Est. Gain 9.40%

Indo SMC IPO Peer Comparison

(Rs. in crores)

Indo SMC IPO Peer Comparison Table
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

Indo SMC IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Indo SMC IPO
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

Key Performance Indicators (KPIs)

EBITDA

16.45%

PAT

11.13%

ROE

74.45%

ROCE

31.39%

Debt to Equity

1.00

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

82.30%

Public

17.70%

Nitin Patel 16.36%
Riktabahen Sonawala 16.36%
Neel Shah 16.36%
Chaitanya Patel 16.36%
Rachit Jain 16.36%
Others 0.50%

Management

Nitin Patel
Chairman
Neel Shah
MD & CFO

Registrar & Lead Managers

Registrar

KFin Technologies

Lead Managers (1)

GYR Capital

Company Details

Name: Indo SMC Limited

Address: 809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal , Ahmedabad, Gujarat, India, 380006

Number: +91 7575812866

Email: investor@indosmc.com

Website: www.indosmc.com

Frequently Asked Questions (FAQs)

What is Indo SMC IPO?
Indo SMC IPO is a SME IPO having an issue size of ₹92 Crs. Indo SMC IPO is priced at ₹141 - ₹149 per share. The issue opens on 13 Jan 26 and closes on 16 Jan 26.
When will Indo SMC IPO open?
Indo SMC IPO opens on 13 Jan 26 and closes on 16 Jan 26.
What is the GMP of Indo SMC IPO?
The estimated Grey Market Premium of Indo SMC IPO is ₹14 per share (9.40%).
What is the lot size of Indo SMC IPO?
The minimum lot size of Indo SMC IPO is 1000 shares & the minimum application amount is Rs. 149000.
When is the allotment of Indo SMC IPO?
The allotment date of Indo SMC IPO is 19 Jan 26.
What is the listing date of Indo SMC IPO?
The listing date of Indo SMC IPO is 21 Jan 26.
What is the subscription of Indo SMC IPO?
Indo SMC IPO is subscribed 102.83 times.
What is the price band of Indo SMC IPO?
Indo SMC IPO is priced at ₹141 - ₹149 per share.
How to check allotment status of Indo SMC IPO?
Click the allotment link on Indo SMC IPO page of IPO360.
How to apply Indo SMC IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Indo SMC IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Indo SMC IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Indo SMC IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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