INDO SMC IPO Receives Exceptional Response, Subscribed 110.28x on Day 3

INDO SMC Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription. The stock price band is set at ₹141-149 per share. The ₹91.95 crore IPO reached 110.28 times by 4:54:05 PM on day three. This indicates exceptional investor interest in this company engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.

INDO SMC IPO subscription reached exceptional 110.28 times on day three. It was led by Non-Institutional Investors (164.51x), Individual Investors (95.74x), and Qualified Institutional Buyers Ex-Anchor (94.94x). Total applications reached 1,24,548.
 

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Subscription Status of INDO SMC IPO:

Here are the subscription details for INDO SMC IPO as of Day 3 (January 16, 2026, 4:54:05 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 110.28 times, showing extraordinary improvement from day two's 2.05 times
• Non-institutional investors displaying exceptional interest at 164.51 times, building dramatically from day two's 2.25 times, indicating unprecedented HNI demand for this electrical and industrial products manufacturer
• Individual investors showing exceptional confidence at 95.74 times, building substantially from day two's 3.13 times, indicating extraordinary retail demand for this SME IPO
• Total applications reached 1,24,548, showing exceptional investor participation for this SME IPO, a massive increase from day two's applications
• Cumulative bid amount reached ₹6,746.94 crores, significantly exceeding the net offer size of ₹87.35 crores (excluding anchor and market maker portions) by over 77 times
• Anchor investors fully subscribed their allocation of ₹26.16 crores on January 12, 2026
• Market makers fully subscribed their allocation of ₹4.60 crores

Key Highlights - Day 2:

• Overall subscription reached moderate 2.05 times, showing modest improvement from day one's 1.01 times
• Individual investors displaying moderate confidence at 3.13 times, building substantially from day one's 1.60 times
• Non-institutional investors showing moderate performance at 2.25 times, building substantially from day one's 1.00 times
• Qualified institutional buyers displaying negligible performance at 0.00 times, unchanged from day one's 0.00 times

Key Highlights - Day 1:

• Overall subscription reached moderate 1.01 times, showing cautious initial investor interest
• Individual investors displaying moderate confidence at 1.60 times, indicating moderate retail appetite
• Non-institutional investors showing moderate performance at 1.00 times, indicating moderate HNI interest
• Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest on day one

About INDO SMC Limited

INDO SMC Limited 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, fibreglass 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.