INDO SMC IPO Details
The key details of INDO SMC’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹91.95 Cr |
| Price Range | ₹141 - ₹149 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,000 |
| Investment (cut-off price) | ₹2,98,000 |
| Pre IPO Promotor Holding | 82.30% |
| Post IPO Promotor Holding | 60.07% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
INDO SMC IPO Timelines
The IPO process for INDO SMC includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
13/01/2026
Start Date16/01/2026
End Date20/01/2026
Refund Initiation20/01/2026
Credit of Shares to Demat Ac21/01/2026
Listing DateINDO SMC IPO Lot Size
The INDO SMC IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹149 per share. For retail investors, the minimum and maximum application is 2,000 shares (2 lots) amounting to ₹2,98,000. For Small HNI (S-HNI) investors, the minimum application is 3,000 shares (3 lots) worth ₹4,47,000, while the maximum is 6,000 shares (6 lots) amounting to ₹8,94,000. Big HNI (B-HNI) investors need to apply for at least 7,000 shares (7 lots), totaling ₹10,43,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2000 | ₹2,98,000 |
| Retail Maximum | 2 | 2000 | ₹2,98,000 |
| S-HNI Minimum | 3 | 3000 | ₹4,47,000 |
| S-HNI Maximum | 6 | 6000 | ₹8,94,000 |
| B-HNI Minimum | 7 | 7000 | ₹10,43,000 |
INDO SMC IPO Subscription Status
The subscription status for INDO SMC IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 94.94x | 164.59x | 96.13x | -- | 110.49x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
INDO SMC IPO Company Financials
INDO SMC reports robust performance in FY2025 with Total Income of ₹138.78 crores, managing expenses at ₹119.67 crores, and achieving a strong PAT (Profit After Tax) of ₹15.44 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹7.30 | ₹6.66 | ₹0.46 |
| FY 2024 | ₹28.06 | ₹24.37 | ₹3.00 |
| FY 2025 | ₹138.78 | ₹119.67 | ₹15.44 |
| FY 2026 (6 M) | ₹112.62 | ₹98.58 | ₹11.46 |
About Company
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products serving electrical, industrial, and infrastructure applications. The product portfolio includes enclosure boxes for energy meters, high tension and low tension current and potential transformers, LT and HT distribution boxes and panels, FRP gratings, junction boxes, feeder pillars, and various power distribution and circuit protection switchgears.
The company operates four manufacturing facilities located across Gujarat, Maharashtra, and Rajasthan. The Ahmedabad facility focuses on the production of SMC and FRP products and is equipped with advanced machinery and handling tools to support efficient manufacturing and proper material handling. In-house testing laboratories ensure that all products comply with quality standards and appropriate material specifications.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2021 | Electricals | Neel Niteshbhai Shah |
Know Before Investing
INDO SMC IPO Strengths
- INDO SMC Limited produces sheet moulding compound (SMC), dough moulding compound (DMC), unsaturated polyester resin (UPR), and fibreglass reinforced plastic (FRP) products for electrical, automotive, railways, and infrastructure applications.
- Offers a wide portfolio of thermoset composites serving multiple industries, backed by established relationships ensuring repeat orders and market penetration.
- Operates integrated facilities with robust production infrastructure supporting custom and standard composite solutions for B2B clients.
- Maintains stringent quality processes meeting industry standards, supporting reliability for critical applications in electrical and rail sectors.
- Rising demand for lightweight composites in railways, EVs, electrical enclosures, and infrastructure supports multi‑year growth outlook.
INDO SMC IPO Risks
- Composites face pricing pressure in a competitive, semi‑commoditised market with limited technological differentiation.
- Historical revenue fluctuations indicate sensitivity to order cycles, customer demand shifts, and economic conditions in end‑industries.
- Manufacturing model requires significant inventory and receivables funding, potentially straining liquidity during growth phases.
- Depends on electrical, rail, and automotive sectors creates vulnerability to industry slowdowns or tender delays.
- Numerous regional composite manufacturers compete on price, potentially eroding margins in B2B tenders.
- Composites production involves chemicals and plastics; tightening norms could raise costs or restrict operations.
Swot Analysis for INDO SMC IPO
Strengths
Diverse SMC Product Portfolio, Electrical Components Range, Robust Quality Assurance
Weaknesses
High Customer Concentration, Regulatory Documentation Issues, Capacity Under-Utilisation
Opportunities
Power Distribution Modernisation, Value-Added Customisation, Capacity Expansion Leverage
Threats
Raw Material Volatility, Regulatory Compliance Risks, Competitive Tender Pressure
Company Details
INDO SMC Ltd.
809, Shilp Zaveri Shyamal Cross Road, Vejalpur, Shyamal, Ahmedabad, Gujarat, 380006
Phone: +91 7575812866
Email: cs@indosmc.com
Website: https://indosmc.com/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: austere.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of INDO SMC SME IPO are:
- Funding capital expenditure of the company to purchase Plant and Machinery
- Funding the working capital requirements of the company
- General Corporate Purposes
GYR Capital Advisors Pvt. Ltd. is the book-running lead managers for the INDO SMC IPO.
INDO SMC offers strong growth potential as India’s power and infrastructure capex accelerates demand for distribution equipment. Expanded SMC capacity up 117% in FY25, a robust ₹111.67 – 144.58 crore order book, repeat PSU and EPC clients, and rising exports support scalable multi year growth.
The issue price for the INDO SMC IPO is set between ₹141 to ₹149 per share.
To invest in two lot of INDO SMC IPO, you need ₹2,82,000 at the lower price band (₹141 per share) or ₹2,98,000 at the upper price band (₹149 per share) for a lot size of 2000 shares.
INDO SMC IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on January 21, 2025.
Refund/unblocking of funds for INDO SMC IPO will begin on January 20, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your INDO SMC IPO shares on listing day (January 21, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.