INDO SMC IPO – Key Details and Investment Highlights
The INDO SMC IPO is scheduled to open for subscription on January 13, 2026, and will close on January 15, 2026. This public issue is a Book Built Issue, through which the company aims to raise approximately ₹92 crore, entirely through a fresh issue of equity shares with a face value of ₹10 each. There is no Offer for Sale (OFS) component in this IPO.
The price band for the INDO SMC IPO has been fixed at ₹141 to ₹149 per share. The issue allocation is divided as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-Worth Individuals (HNIs). The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of January 20, 2026. The IPO allotment is expected to be finalized on January 16, 2026.
From a financial performance perspective, INDO SMC has demonstrated strong growth momentum. The company reported a revenue of ₹138.78 crore in FY2025, a significant jump from ₹28.06 crore in FY2024. Net profit also witnessed substantial growth, rising to ₹15.44 crore in FY2025 compared to ₹3.00 crore in the previous financial year.
Based on its robust financial growth and improving profitability, the INDO SMC IPO appears to be well-positioned for long-term investors seeking exposure to a fundamentally strong SME company with scalable business prospects.
INDO SMC IPO Objectives:
The net proceeds from the INDO SMC IPO will be utilised to support the company’s growth plans and strengthen its operational capabilities. The key objectives of the issue are as follows:
- Capital Expenditure: An amount of ₹25.71 crore will be used to fund capital expenditure for the purchase of plant and machinery, aimed at enhancing production capacity and operational efficiency.
- Working Capital Requirements: The company plans to allocate ₹52.00 crore towards meeting its working capital needs, which will support day-to-day operations and facilitate business expansion.
- General Corporate Purposes: The remaining funds will be utilized for general corporate purposes, helping the company maintain financial flexibility and support strategic initiatives.
INDO SMC IPO Review (Apply or Not)
- May Apply
INDO SMC IPO Date & Price Band Details:
| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 15, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹141 to ₹149 Per Share |
| Issue Size | Approx ₹92 Crores |
| Fresh Issue | Approx ₹92 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | Link |
| RHP Draft Prospectus | Link |
INDO SMC IPO Lot Size:
| 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 Allotment & Listing Date (Details)
| 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 IPO GMP Today:
The latest Grey Market Premium (GMP) of INDO SMC SME IPO stands at ₹25 per share. Based on the upper price band of ₹149, the IPO’s estimated listing price is around ₹174 per share, calculated by adding the current GMP to the issue price.
This indicates an expected listing gain of approximately 16.78% per share, reflecting positive market sentiment and healthy demand in the grey market ahead of the listing.
Promoters of INDO SMC IPO
The company is promoted by Mr. Nitin Jasvantbhai Patel, Mr. Neel Niteshbhai Shah, Mrs. Riktabahen Sonawala, Mr. Chaitanya Patel, and Mr. Rachit Jain. These promoters bring relevant industry experience and play a key role in the company’s strategic direction, operational management, and long-term growth initiatives.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,66,84,350 | 82.30% |
| Promoter Holding Post Issue | 2,28,55,350 | 60.07% |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Aeron composite limited | 7.84 | 13.01 | 13.21% | 59.33 | 220.76 Cr. |
| RMC switch gear limited | 29.81 | 14.75 | 29.40% | 101.39 | 319.42 Cr. |
INDO SMC IPO– Company Financial Performance
INDO SMC has delivered strong and consistent financial growth, reflecting improved operational efficiency and expanding business scale. The company has shown a sharp rise in both revenue and profitability over the last financial year, indicating a strengthening financial position.
In FY2025, INDO SMC reported a revenue of ₹138.78 crore, registering significant growth compared to ₹28.06 crore in FY2024. Net profit also witnessed a notable increase, rising to ₹15.44 crore in FY2025 from ₹3.00 crore in the previous year.
The company’s improving margins and robust earnings growth highlight its scalable business model and efficient cost management. Based on its financial performance, INDO SMC appears well-positioned for sustainable long-term growth, making it an attractive consideration for long-term investors.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹7.30 | ₹6.66 | ₹0.46 | ₹99.94 |
| 2024 | ₹28.06 | ₹24.37 | ₹3.00 | ₹99.94 |
| 2025 | ₹138.78 | ₹119.67 | ₹15.44 | ₹13.85 |
| September 2025 | ₹112.62 | ₹98.58 | ₹11.46 | ₹147.67 |
INDO SMC IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: austere.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
INDO SMC IPO Lead Managers aka Merchant Bankers
GYR Capital Advisors Pvt.Ltd.
INDO SMC IPO Company Address
INDO SMC Ltd Address
809,
Shilp Zaveri Shyamal Cross Road,
Vejalpur, Shyamal,
Ahmedabad, Gujarat, 380006
Phone: +91 7575812866
Email: cs@indosmc.com
Website: https://indosmc.com/
INDO SMC IPO – Frequently Asked Questions (FAQs)
1. What is the INDO SMC IPO opening date?
The INDO SMC SME IPO will open for subscription on January 13, 2026, and will close on January 15, 2026.
2. What is the price band of the INDO SMC IPO?
The price band for the INDO SMC IPO is fixed at ₹141 to ₹149 per equity share.
3. What type of IPO is INDO SMC?
INDO SMC IPO is a Book Built SME IPO and will be listed on the BSE SME platform.
4. How much money will INDO SMC raise through the IPO?
The company plans to raise approximately ₹92 crore through a fresh issue of equity shares.
5. What is the allotment date of the INDO SMC IPO?
The basis of allotment is expected to be finalized on January 16, 2026.
6. When will INDO SMC shares list on the stock exchange?
INDO SMC shares are likely to be listed on January 20, 2026, on BSE SME.
7. What is the Grey Market Premium (GMP) of INDO SMC IPO today?
The latest INDO SMC IPO GMP is ₹25 per share, as updated on January 8, 2026, at 09:30 PM.
8. What is the expected listing price of INDO SMC IPO?
Based on the upper price band of ₹149 and current GMP, the estimated listing price is around ₹174 per share, indicating a potential listing gain of ~16.78%.
9. How will the IPO proceeds be utilised?
The net proceeds will be used for:
- ₹25.71 crore towards purchase of plant and machinery
- ₹52.00 crore to meet working capital requirements
- Remaining funds for general corporate purposes
10. Who are the promoters of INDO SMC?
The promoters of the company are Mr. Nitin Jasvantbhai Patel, Mr. Neel Niteshbhai Shah, Mrs. Riktabahen Sonawala, Mr. Chaitanya Patel, and Mr. Rachit Jain.
11. How is the financial performance of INDO SMC?
The company reported strong growth with revenue of ₹138.78 crore and profit of ₹15.44 crore in FY2025, compared to ₹28.06 crore revenue and ₹3.00 crore profit in FY2024.
12. Is INDO SMC IPO good for long-term investment?
Considering the company’s strong revenue growth, rising profitability, and expansion plans, the IPO may be suitable for long-term investors, subject to individual risk assessment.
