GMP IPO Watch
Indo SMC IPO: Ashish Kacholia-Backed Composite Power Play Debuts
Indo SMC Limited, an Ahmedabad-based manufacturer of composite electrical enclosures and c...
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I
SME IPO
LISTED
NSE, BSE
INDOSMC
INDO SMC IPO
INDO SMC IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹0
+0.0%
Est. Listing: ₹149.00
Price Band
₹141 - ₹149
Per equity share
Lot Size
1000 Shares
Min Invest: ₹2,98,000
Issue Size
₹149 Cr
Total Public Offering
Issue Dates
12 January 2026 – 15 January 2026
Bidding period
Subscription
—
Total overall demand
INDO SMC IPO Details
Key facts at a glance| IPO Open Date | 12 January 2026 | IPO Close Date | 15 January 2026 |
|---|---|---|---|
| Basis of Allotment | 15 January 2026 | Listing Date | 20 January 2026 |
| Price Band | ₹141 - ₹149 per share | Face Value | ₹10 per share |
| Market Lot Size | 1000 Shares | Min Investment (Retail) | ₹2,98,000 |
| Total Issue Size | ₹149 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
INDO SMC IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 12 January 2026 | Confirmed |
| IPO Close Date | 15 January 2026 | Confirmed |
| Basis of Allotment | 15 January 2026 | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 20 January 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
INDO SMC IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,000 Shares | ₹2,98,000 |
| Retail (Max) | 2 Lots | 2,000 Shares | ₹2,98,000 |
| S-HNI (Min) | 3 Lots | 3,000 Shares | ₹4,47,000 |
| S-HNI (Max) | 6 Lots | 6,000 Shares | ₹8,94,000 |
| B-HNI (Min) | 7 Lots | 7,000 Shares | ₹10,43,000 |
INDO SMC IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹0 +0.0%
Estimated Listing Price
₹149.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 21 Jan 2026 | ₹10 | ₹159.00 | +6.71% |
| 19 Jan 2026 | ₹25 | ₹174.00 | +16.78% |
| 14 Jan 2026 | ₹32 | ₹181.00 | +21.48% |
| 13 Jan 2026 | ₹35.5 | ₹184.50 | +23.83% |
| 12 Jan 2026 | ₹35 | ₹184.00 | +23.49% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
INDO SMC IPO Subscription Status
Demand breakdown by investor category
Retail
—
QIB
—
NII / HNI
—
Total
—
About INDO SMC
INDO SMC IPO Market Lot
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,98,000 |
| Retail Maximum | 2 | 2,000 | ₹2,98,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,47,000 |
| S-HNI Maximum | 6 | 6,000 | ₹8,94,000 |
| B-HNI Minimum | 7 | 7,000 | ₹10,43,000 |
INDO SMC IPO Reservation & Share Quotas
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | 17,56,000 Shares | 28.46% |
| QIB (Ex. Anchor) | 11,72,000 Shares | 18.99% |
| NII | 8,82,000 Shares | 14.29% |
| Retail | 20,52,000 Shares | 33.25% |
INDO SMC IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 13 Jan 2026 |
| IPO Close Date | 16 Jan 2026 |
| Basis of Allotment | 16 Jan 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 21 Jan 2026 |
Note: The timeline for INDO SMC IPO is tentative and subject to change.
INDO SMC IPO Important Dates
| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 15, 2026 |
| Basis of Allotment | January 16, 2026 |
| Refunds | January 19, 2026 |
| Credit to Demat Account | January 19, 2026 |
| IPO Listing Date | January 20, 2026 |
| IPO Bidding Cut-off Time | January 15, 2026 – 5 PM |
INDO SMC Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
INDO SMC Objects of the Issue & Utilisation of Proceeds
| Purpose | Amount (₹ Crores) |
|---|---|
| Funding capital expenditure for purchase of Plant & Machinery | ₹25.71 |
| Funding working capital requirements of the company | ₹52.00 |
| General Corporate Purposes | – |
INDO SMC Company Financial Report
To Be Updated Soon
INDO SMC Company Valuation & Key Performance Indicators
To Be Updated Soon
INDO SMC Peer Group Comparison
To Be Updated Soon
INDO SMC Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| Aeron Composite Limited | 7.84 | 13.01 | 13.21% | 59.33 | 220.76 |
| RMC Switch Gear Limited | 29.81 | 14.75 | 29.40% | 101.39 | 319.42 |
INDO SMC IPO FAQs
INDO SMC IPO opens for subscription on 12 January 2026 and closes on 15 January 2026.
The price band for INDO SMC IPO is set at ₹141.00 to ₹149.00 per share.
The minimum market lot size is 1000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,000 Shares (₹2,98,000).
The latest Grey Market Premium (GMP) for INDO SMC IPO is ₹0.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for INDO SMC IPO is tentatively scheduled for 15 January 2026, and shares are expected to list on the stock exchanges on 20 January 2026.
The registrar details will be confirmed in the official prospectus.
INDO SMC IPO Analysis & Articles