INDO SMC Limited
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INDO SMC Limited's has transitioned to a publicly listed entity following its IPO debut on Jan 21, 2026 at the BSE exchange. The public offering successfully raised 61,71,000 Shares, consisting of 61,71,000 Sharesin new capital.
The IPO featured a competitive price range of ₹141 to ₹149 and minimum application size of 1000 shares. Market reception was evidenced through subscription activity between Jan 13, 2026 and Jan 16, 2026, reflecting investor appetite for the offering.
Allotment of shares was completed on Jan 19, 2026, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products serving electrical, industrial, and infrastructure applications, including enclosure boxes for energy meters, high and low tension current and potential transformers, LT/HT distribution boxes and panels, FRP gratings, junction boxes, feeder pillars, and other power distribution and circuit protection switchgears. The company has in-house testing laboratories to ensure quality standards and appropriate material composition, and currently operates four manufacturing facilities located across Gujarat, Maharashtra, and Rajasthan, with its Ahmedabad unit dedicated to SMC and FRP products and equipped with advanced machinery and handling systems to support efficient and reliable production.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diverse Product Range: Caters to multiple electrical and infrastructure applications, reducing reliance on a single product.
- Strong Manufacturing Capabilities: Operates multi-location facilities with specialized equipment for efficient scale-up.
- Industry Expertise & Leadership: Experienced management and technical expertise support strong execution and quality.
- Regulatory & Documentation Risk: Address mismatches across licenses and approvals at the Pirana plant may create legal or operational issues.
- Raw Material Price Volatility: Rising input costs can impact margins and profitability.
- Tender Dependence: Heavy reliance on competitive bidding may affect revenue and growth due to pricing pressure or bid losses.
- Mr. Nitin Jasvantbhai Patel
- Mr. Neel Niteshbhai Shah
- Mrs. Riktabahen Sonawala
- Mr. Chaitanya Patel
- Mr. Rachit Jain
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