In Progress
Valuation
Market Cap
₹407.75 Cr
P/E Ratio
15.04x
P/B Ratio
10.45x
Wiscon Industries IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Wiscon Industries Limited, incorporated in 2022 and based in Okhla, New Delhi, supplies consumer electronics under its flagship brand "Wiscon" to B2B and B2C customers across India. The portfolio covers LED TVs, air coolers, washing machines and air conditioners, plus electric scooters sold under a third-party brand. Its wholly owned subsidiary, Dalmia Technologies Limited, assembles LED TVs at its Okhla plant. FY26 consolidated revenue from operations was ₹196.87 Cr with PAT of ₹20.41 Cr. Customers span 22 states and 3 union territories, with Delhi the largest market.
Lots & IPO Size
Wiscon Industries IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 1,200 | ₹2,44,800 |
| Ind (Max) | 2 | 1,200 | ₹2,44,800 |
| S-HNI (Min) | 3 | 1,800 | ₹3,67,200 |
| S-HNI (Max) | 8 | 4,800 | ₹9,79,200 |
| B-HNI (Min) | 9 | 5,400 | ₹11,01,600 |
Market Maker
₹3.90 L
Employee
₹0.00
Shareholder
₹0.00
Wiscon Industries IPO Size
Total
₹110 Cr
Fresh Issue
₹88 Cr
(0.43 Cr
Shares)
Offer For Sale
₹22 Cr
(0.11 Cr
Shares)
Promoters₹22 Cr
Objects of the Issue
Investment in wholly owned subsidiary Dalmia Technologies for capital expenditure towards purchase of Plant and Machinery
Investment in wholly owned subsidiary Dalmia Technologies for funding its incremental working capital requirements
To meet working capital requirements of the Company
To fund marketing and promotional activities in the Company
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The company depends on its top 10 suppliers for 99.77% of purchases (Jun-26; 99.33% in FY26) with no long-term or exclusive contracts; any supply disruption would hurt performance.
Key Risk Factors
The company depends on its top 10 suppliers for 99.77% of purchases (Jun-26; 99.33% in FY26) with no long-term or exclusive contracts; any supply disruption would hurt performance.
The company's top 10 customers contributed 63.36% of standalone revenue in the Jun-26 period (67.75% in FY26), with no long-term contracts; losing key customers could hurt revenue.
All revenue is domestic and concentrated in Delhi, Uttar Pradesh and Haryana (74.25% of standalone revenue in Jun-26; 83.76% in FY26); regional demand shocks could hurt results.
All products are sourced domestically, with Delhi and Uttar Pradesh supplying 95.54% of purchases in Jun-26 (99.15% in FY26); regional disruption could affect procurement and sales.
LED TVs and electric scooters made up 92.66% of standalone revenue in Jun-26 (94.75% in FY26), and the scooters carry a third-party brand; a demand fall would hurt earnings.
The company has related-party dealings with its promoter and his entities (₹1,573.90 Lakhs unsecured loans in FY26; ₹929.99 Lakhs purchase of subsidiary shares) and may enter more.
The company faces 2 tax cases (₹0.23 Lakhs) against it, 1 unascertainable tax case against directors/promoter and 2 tax cases (₹2.07 Lakhs) against its subsidiary and group companies.
The company delayed several ROC filings (e.g. PAS-3 by 7 days, ADT-1 by 30 days) beyond due dates; any penalty or action by regulators could affect its financial position.
The company has repeatedly delayed GST, TDS and income tax filings and statutory dues, paying late fees and interest; further lapses could invite penalties and hurt revenue.
The company posted a loss of ₹135.75 Lakhs in FY24, its first year of operations, and may incur losses again despite profits in FY25, FY26 and the Jun-26 period.
Wiscon Industries IPO Details Live GMP
GMP
₹0
Est. Price
₹204
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 22 Oct | ₹0 (0%) | ₹204 |
Wiscon Industries IPO Peer Comparison
(Rs. in crores)
| Particulars | Wiscon Industries | Cellecor Gadgets |
|---|---|---|
| Revenue | 196.87 | 1,291.81 |
| PAT | 20.41 | 39.61 |
| EPS (₹) | 13.56 | 1.80 |
| NAV (₹) | 19.53 | 9.27 |
| RONW | 66.67% | 19.35% |
| EBITDA | 14.27% | 5.51% |
| PAT Mrgn | 10.36% | 3.07% |
| PE Ratio | 15.04 | 15.89 |
| Debt to Equity | 0.83 | 0.69 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 19, 2026 for Peers
Wiscon Industries IPO Financial Performance
(Rs. in crores)
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Revenue | 69.85 | 196.87 | 14.49 | 3.21 |
| Profit | 7.89 | 20.41 | 1.25 | -1.36 |
| Net Worth | 38.49 | 30.61 | 4.17 | -0.34 |
| Borrowings | 36.97 | 25.26 | 0.45 | 0.61 |
| Assets | 144.79 | 90.75 | 9.51 | 1.27 |
| NAV (₹) | 24.56 | 19.53 | 2.78 | -0.64 |
| EPS (₹) | 5.03 | 13.56 | 2.37 | -28.51 |
Key Performance Indicators (KPIs)
Debt to Equity
0.83
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Wiscon Industries IPO Financial Statements
(Rs. in crores)
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Revenue from Ops | 69.85 | 196.87 | 14.49 | 3.21 |
| Other Income | 0.01 | 0.26 | 0.02 | 0.01 |
| Total Income | 69.85 | 197.13 | 14.51 | 3.22 |
| Operating Expenses | 67.02 | 155.10 | 11.73 | 2.22 |
| Changes in Inventories | -12.75 | -3.45 | -1.09 | 0.00 |
| Employee Expense | 2.21 | 5.13 | 0.69 | 1.49 |
| Finance Costs | 0.37 | 0.71 | 0.06 | 0.01 |
| Depreciation | 0.13 | 0.23 | 0.05 | 0.08 |
| Other Expenses | 2.37 | 12.01 | 1.38 | 1.23 |
| Total Expenses | 59.35 | 169.72 | 12.82 | 5.03 |
| Profit Before Tax | 10.51 | 27.41 | 1.70 | -1.81 |
| Tax Expense | 2.62 | 7.01 | 0.44 | -0.45 |
| Profit After Tax | 7.89 | 20.41 | 1.25 | -1.36 |
| EPS — Basic (₹) | 5.03 | 13.56 | 2.37 | -28.50 |
| EPS — Diluted (₹) | 5.03 | 13.56 | 2.37 | -28.50 |
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Equity Share Capital | 15.67 | 5.22 | 5.00 | 1.75 |
| Reserves & Surplus | 22.82 | 25.38 | -0.83 | -2.09 |
| Total Equity | 38.49 | 30.61 | 4.17 | -0.34 |
| Total Borrowings | 36.97 | 25.26 | 0.45 | 0.61 |
| Trade Payables | 55.15 | 25.27 | 4.16 | 0.05 |
| Short-Term Provisions | 9.37 | 6.62 | 0.49 | 0.08 |
| Other Liabilities | 4.80 | 3.00 | 0.24 | 0.86 |
| Total Equity & Liab | 144.79 | 90.75 | 9.51 | 1.27 |
| Fixed Assets | 2.48 | 1.30 | 0.11 | 0.16 |
| Inventories | 37.54 | 23.27 | 1.14 | 0.05 |
| Loans & Advances | 15.65 | 7.99 | 3.76 | 0.05 |
| Oth Non-Current Assets | 13.12 | 8.34 | 0.16 | 0.06 |
| Trade Receivables | 73.62 | 47.59 | 3.54 | 0.21 |
| Cash & Bank Bal | 0.26 | 0.17 | 0.20 | 0.01 |
| Other Assets | 2.12 | 2.08 | 0.60 | 0.73 |
| Total Assets | 144.79 | 90.75 | 9.51 | 1.27 |
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| CF from Operating Activities | -9.89 | -20.01 | 0.64 | -1.36 |
| CF from Investing Activities | -1.37 | -10.21 | -3.49 | -0.12 |
| CF from Financing Activities | 11.35 | 30.20 | 3.03 | 1.49 |
| Net Change in Cash & Equivalents | 0.08 | -0.02 | 0.18 | 0.01 |
| Cash & Equivalents at End of Period | 0.26 | 0.17 | 0.20 | 0.01 |
Promoter Holding
Promoter
94.18%
Public
5.82%
Sidhant Dalmia
94.18%
Management
Sidhant Dalmia
Age: 30
Chairman & MD
Remuneration
₹Basic salary up to ₹2.50 Lakhs/month (₹30 Lakhs p.a.), 1-Jun-2026 to 15-Sep-2027 (FY26 paid: ₹12.00 Lakhs)
Education
B.Tech (Electronics & Communication), GGSIPU
Prior Experience
Director at Dektron India and Dektron Telecom since 2019; 7 years in electronics; with the company since incorporation.
Mukesh Kumar
Age: 47
ED
Remuneration
₹Basic salary up to ₹1.00 Lakh/month (₹12 Lakhs p.a.), 1-Jun-2026 to 31-May-2027 (FY26 paid: ₹3.50 Lakhs)
Education
Higher secondary (UP Board); 1-yr Consumer Electronics course (NCVT, Dehradun); NCC B certificate
Prior Experience
Technician/engineer roles at RT Outsourcing, R-Logic Technology and RV Solutions (2006-2019); 15+ years experience, 3 in consumer electronics.
Ms. Priti Goyal
Age: 37
CFO
Remuneration
₹No contractual figure disclosed; received no remuneration in FY26 (joined 8-May-2026)
Education
FCA (ICAI); ISA qualified
Prior Experience
Partner at RAPG & Associates (2015-23); Senior Consultant at Urban Science Applications (2023-26); 11 years in finance.
Prempal Singh
Age: 35
ED
Remuneration
₹Basic salary up to ₹1.00 Lakh/month (₹12 Lakhs p.a.), 1-Jun-2026 to 31-May-2027
Education
Not disclosed in RHP
Prior Experience
Accountant at Bhudev Chem and Batra Brothers (2017-24); Inventory & Logistics Manager at Dalmia Technologies (2025); about 8 years experience.
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: Wiscon Industries Limited
Address: C 64, DDA Shed, Okhla Ind Area PH 1, South Delhi, New Delhi, Delhi 110020, India
Number: +91 9315848377
Email: investor.relations@wiscon.in
Website: https://wiscon.in
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Frequently Asked Questions (FAQs)
What is Wiscon Industries IPO?
Wiscon Industries IPO is a SME IPO having an issue size of
₹110 Crs.
Wiscon Industries IPO is priced at
₹194 - ₹204 per
share.
The
issue opens on 27 Oct 26
and
closes on 29 Oct 26.
When will Wiscon Industries IPO open?
Wiscon Industries IPO opens on
27 Oct 26 and closes on
29 Oct 26.
What is the GMP of Wiscon Industries IPO?
The estimated Grey Market Premium of Wiscon Industries IPO is
₹0 per share (0.00%).
What is the lot size of Wiscon Industries IPO?
The minimum lot size of Wiscon Industries IPO is
600 shares & the minimum application amount
is
Rs.
122400.
When is the allotment of Wiscon Industries IPO?
The allotment date of Wiscon Industries IPO is
30 Oct 26.
What is the listing date of Wiscon Industries IPO?
The listing date of Wiscon Industries IPO is
03 Nov 26.
What is the subscription of Wiscon Industries IPO?
Wiscon Industries IPO is subscribed
-.
What is the price band of Wiscon Industries IPO?
Wiscon Industries IPO is priced at
₹194 - ₹204 per
share.
How to check allotment status of Wiscon Industries IPO?
Click the allotment link on Wiscon Industries IPO page of IPO360.
How to apply Wiscon Industries 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 Wiscon Industries 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 Wiscon Industries IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Wiscon Industries 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
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