INDO SMC IPO opens for subscription from January 13 to 16, 2026, with shares listing on BSE SME on January 21, 2026. The fresh issue raises ₹91.95 crore through 61.71 lakh equity shares priced at ₹141 to ₹149 per share. INDO SMC manufactures sheet metal components and assemblies for automotive, white goods, and industrial applications from facilities in Pune. The INDO SMC IPO offers investors exposure to India’s manufacturing resurgence and supply chain localization trends.
₹19
₹149
₹
Expert Opinions
Market sentiment for INDO SMC IPO remains positive among SME investors, attracted by the company’s hyper-growth trajectory and strategic positioning in precision manufacturing. Company strengths feature advanced Pune facilities serving OEMs in automotive and consumer durables, Tier-1 supplier status, and robust order pipeline conversion capabilities. Risks include cyclical auto demand, raw material steel price volatility, client concentration exceeding 60%, and scaling execution challenges.
Valuation analysis for INDO SMC IPO and year 2025 demonstrates a Return on Equity (ROE) of 74.45%, ROCE of 31.39%, and Net Asset Value (NAV) of ₹21.39, underscoring exceptional capital efficiency despite premium pricing. Long-term investment perspective supports compounding returns from PLI-driven localization, EV component shift, and infrastructure multiplier effects, positioning the IPO favorably for portfolios targeting domestic manufacturing renaissance over short-term listing speculation.
Investor Considerations
INDO SMC IPO investors should evaluate the company’s exceptional fundamentals, demonstrating 395% revenue growth to ₹138.78 crore and PAT expansion to ₹15.44 crore in FY 2025, fueled by diversified sheet metal operations. Sheet metal components sector outlook strengthens with automotive PLI incentives and infrastructure spending.
Valuation analysis for INDO SMC IPO in 2025 reveals Price to Book Value of 6.97, PAT Margin of 11.13%, and Debt/Equity ratio of 1.00, indicating growth premium with balanced capital structure. Prospects encompass capacity augmentation and new OEM relationships amid manufacturing localization. Risks feature 83% customer concentration, steel price fluctuations, and operational scaling pressures. Long-term investment goals harness supply chain indigenization benefits, while short-term strategies confront SME allotment risks and listing fluctuations.
| Date | GMP | Trend |
|---|---|---|
| 19 Jan 2026 20.27 | ₹19 | Up |
| 09 Jan 2026 20.42 | ₹00 | --- |
FAQs
INDO SMC IPO Current GMP is ₹19.
INDO SMC IPO Expected Returns is 12.75%.
INDO SMC IPO estimated listing price is ₹168.