INDO SMC Ltd IPO
The INDO SMC IPO is a book-built SME issue of ₹91.95 crores, entirely a fresh issue of 0.62 crore equity shares. The IPO opens for subscription on Jan 13, 2026 and closes on Jan 15, 2026, with allotment expected on Jan 16, 2026 and tentative listing on BSE SME on Jan 20, 2026. The price band is set at ₹141 to ₹149 per share, with a lot size of 1,000 shares. Retail investors need a minimum of 2 lots (2,000 shares), amounting to ₹2,98,000 at the upper price band, while HNIs require a minimum of 3 lots (3,000 shares) for ₹4,47,000.
GYR Capital Advisors Pvt. Ltd. is the book running lead manager, Kfin Technologies Ltd. is the registrar, and market makers are Giriraj Stock Broking Pvt. Ltd. and Nikunj Stock Brokers Ltd.
Company Background
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications. The company focuses on enclosure boxes for energy meters, high tension current transformers (HTCT), high tension potential transformers (HTPT), low tension current transformers (LTCT), LT/HT distribution boxes and panels, fiberglass reinforced plastic (FRP) gratings, junction boxes, feeder pillars and other power distribution and circuit protection switchgears.
It operates through four manufacturing facilities located across Gujarat, Maharashtra and Rajasthan, with the main facility in Ahmedabad equipped for SMC and FRP product production using specialized molding and handling machinery. INDO SMC maintains in-house testing laboratories to ensure products meet quality, safety and material composition standards for utility and industrial use.
