How to Check INDO SMC IPO Allotment Status

INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.

The company designs and manufactures enclosure box for energy meters, high tension current transformer (HTCT), high tension potential transformer (HTPT), low tension current transformer (LTCT), LT/HT distribution boxes and panels, fiberglass reinforced plastic (FRP) Grating, junction boxes, feeder pillars and other power distribution and circuit protection switchgears.

The company has in-house testing laboratories to ensure products meet quality requirements and suitable material composition. The company currently operates through four manufacturing facilities, located at Gujarat, Maharashtra and Rajasthan. The manufacturing facility at Ahmedabad where they manufacture SMC and FRP products, comes equipped with a variety of machinery and other handling tools to guarantee appropriate product handling and efficient production. As of September 30, 2025, INDO SMC had total assets of ₹147.67 crore.

The INDO SMC IPO came with a total issue size of ₹91.95 crore, comprising entirely a fresh issue of ₹91.95 crore. The IPO opened on January 13, 2026, and closed on January 16, 2026. The allotment is expected on Monday, January 19, 2026. The share price band was set at ₹141 to ₹149 per share.

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Steps to Check INDO SMC IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd. 
• Select "INDO SMC" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check INDO SMC IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "INDO SMC" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

INDO SMC IPO received exceptional investor interest, being subscribed 110.28 times overall. Below is the detailed subscription status as of 4:54:05 PM on January 16, 2026.

INDO SMC IPO Subscription Status

Category-wise Final Subscription:
QIB Category (Ex Anchor): 94.94 times
Non-Institutional Investors (NII): 164.51 times
Retail Investors: 95.74 times

INDO SMC IPO Share Price and Investment Details

The minimum investment required was ₹2,98,000 for 2 lots (2,000 shares). The issue raised ₹26.16 crore from anchor investors. Given the exceptional overall subscription of 110.28 times, with extraordinary demand from institutional, NII, and retail investors, the IPO is expected to list with a substantial premium.

Utilisation of IPO Proceeds

The proceeds will be utilized for capital expenditure towards the purchase of plant and machinery amounting to ₹25.71 crore, working capital requirements of ₹52.00 crore, and for general corporate purposes.

Business Overview

INDO SMC Limited is engaged in the manufacturing of enclosure boxes for energy meters and other power equipment/products. The company has reported growth in both its top line and bottom line over the reported periods and had an order book of ₹111+ crore as of November 30, 2025.

The company demonstrates strong financial performance with a 74.45% ROE and a debt-equity ratio of 1.00. Key strengths include a diverse product portfolio, strong manufacturing capabilities, industry expertise and leadership, robust quality assurance and control systems, and established customer relationships. Investors should note the post-issue P/E ratio of 14.86 and Price to Book Value of 6.97.