IPO Trending
INDOSMCSME / BSEListed
INDO SMC

INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products serving electrical, industrial, and infrastructure applications, including enclosure boxes for energy meters, high and low tension current and potential transformers, LT/HT distribution boxes and panels, FRP gratings, junction boxes, feeder pillars, and other power distribution and circuit protection switchgears. The company has in-house testing laboratories to ensure quality standards and appropriate material composition, and currently operates four manufacturing facilities located across Gujarat, Maharashtra, and Rajasthan, with its Ahmedabad unit dedicated to SMC and FRP products and equipped with advanced machinery and handling systems to support efficient and reliable production.

₹141 - ₹149110.45x sub
Listed Price₹149.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open13 Jan 2026
Close16 Jan 2026
Allotment19 Jan 2026
Listing21 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor17,56,000 shares
28.46%
QIB11,72,000 shares
18.99%
HNI8,82,000 shares
14.29%
Retail20,52,000 shares
33.25%
Market Maker3,09,000 shares
5.01%

Minimum Application Lots

Retail2 Lots (2,000 shares)
₹2,98,000
sHNI3 Lots (3,000 shares)
₹4,47,000
bHNI7 Lots (7,000 shares)
₹10,43,000

Company Promoters

Mr. Nitin Jasvantbhai PatelMr. Neel Niteshbhai ShahMrs. Riktabahen SonawalaMr. Chaitanya PatelMr. Rachit Jain

Company Background

INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products serving electrical, industrial, and infrastructure applications, including enclosure boxes for energy meters, high and low tension current and potential transformers, LT/HT distribution boxes and panels, FRP gratings, junction boxes, feeder pillars, and other power distr...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹112.62 Cr
Growth+1442.7%
Revenue Trend (₹ in Crores)
0.053.2106.4159.6Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-25112.6211.46147.6749.35
Mar-25138.7815.4499.9435.76
Mar-2428.063.0036.3217.70
Mar-237.300.4613.8510.43

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-256.8727.66%17.50%014.86
Mar-259.6174.45%31.39%16.100
Mar-242.1986.24%20.71%00
Mar-230.3348.24%7.97%00

Peer Comparison & Valuation

Financial Performance

RMC switch gear limited

NAV/Share (₹)101.39
RONW(%)29.40
EPS (Basic) (₹)29.81

Aeron Composite Limited

NAV/Share (₹)59.33
RONW(%)13.21
EPS (Basic) (₹)7.84

INDO SMC Ltd

NAV/Share (₹)21.39
RONW(%)43.27
EPS (Basic) (₹)9.61

Valuation

RMC switch gear limited

P/E(X)14.75
CMP* (₹)439.70
Face value (₹)10.00

Aeron Composite Limited

P/E(X)13.34
CMP* (₹)102.00
Face value (₹)10.00

INDO SMC Ltd

P/E(X)16.1
CMP* (₹)0
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
19 Jan 2026
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
21 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for INDO SMC. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Jan 2026Trading commences on exchange

How to Check INDO SMC Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select INDO SMC from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About INDO SMC IPO

Complete issue overview for INDO SMC (INDOSMC) IPO. The issue features an equity share price band of ₹141 – ₹149 per share with a minimum retail lot size of 1000 Shares (minimum application amount of ₹1,49,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions