Indo SMC IPO
Indo SMC IPO Details
-
Open Date
13 Jan 2026
-
Close Date
15 Jan 2026
-
Listing Date
20 Jan 2026
- IPO Price Range
₹ 141 to ₹149
- IPO Size
₹ 92 Cr
- Listing Exchange
BSE SME
Indo SMC IPO Timeline
Last Updated: 09 January 2026 12:05 PM by 5paisa
The company is an ISO-certified manufacturer of power distribution and electrical products across SMC, FRP, and transformer segments. It operates four facilities across Gujarat, Maharashtra, and Rajasthan with in-house testing and modern manufacturing capabilities. Capacity expansion, new product launches, and participation in government power-sector programs have driven recent growth, supported by an experienced leadership team.
Established in: 2021
Managing Director: Neel Shah
Peers:
AERON COMPOSITE LIMITED
RMC Switchgears Limited
Indo SMC Objectives
1. Capital expenditure for plant and machinery ₹25.71 Cr
2. Funding working capital requirements ₹52.00 Cr
3. General corporate purposes
INDO SMC IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹92 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹87 Cr |
INDO SMC IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | 2,82,000 |
| Retail (Max) | 2 | 2000 | 2,98,000 |
| S-HNI (Min) | 3 | 3000 | 4,23,000 |
| S-HNI (Max) | 6 | 6000 | 8,94,000 |
| B-HNI (Min) | 7 | 7000 | 9,87,000 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 7.30 | 28.03 | 138.69 |
| EBITDA | 1.15 | 5.08 | 22.83 |
| PAT | 0.45 | 3.00 | 15.44 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 13.85 | 36.32 | 99.94 |
| Share Capital | 0.65 | 0.73 | 16.68 |
| Total Liabilities | 13.85 | 36.32 | 99.94 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -2.90 | -5.78 | -13.70 |
| Net Cash Generated From / (used in) Investing Activities | -3.40 | -2.45 | -16.70 |
| Net Cash Generated From / (used in) Financing Activities | 5.77 | 8.23 | 30.79 |
| Net Increase (Decrease) in Cash and Cash Equivalents | - 0.54 | 0.00 | 0.08 |
Strengths
1. Established presence in SMC, FRP, and pultrusion product segments
2. Advanced machinery enabling quality consistency and customization
3. Efficient resource utilization with strong operational discipline
4. Experienced promoters and in-house technical expertise
Weaknesses
1. Intense competition from established and new players
2. Limited access to capital for rapid expansion
3. Dependence on continuous innovation to protect margins
4. Constraints in scaling capacity at a faster pace
Opportunities
1. Capacity expansion potential across North and South India
2. Rising demand for lightweight, durable SMC and FRP solutions
3. Policy support from RDSS and Smart Metering programs
4. Shift from metal to safer composite alternatives
Threats
1. Volatile raw material prices and economic uncertainty
2. Regulatory and policy changes impacting execution
3. Geopolitical risks affecting supply chains
4. Entry of large players increasing pricing pressure
1. Broad product portfolio addressing multiple power and infrastructure needs
2. Scalable manufacturing setup with modern process capabilities
3. Experienced leadership with deep sector knowledge
4. Strong quality systems ensuring consistent and reliable output
5. Long-standing customer associations supporting repeat business
INDO SMC operates in the expanding electrical and infrastructure solutions space, supported by rising investments in power distribution and utility upgrades. The company offers a broad portfolio of composite-based and electrical products used across transmission, metering, and industrial networks, backed by stringent in-house quality validation systems. Its multi-location manufacturing footprint across western and northern India enhances production scalability, supply reliability, and market reach. With modern facilities and process-driven manufacturing, the company is well positioned to capture growth opportunities emerging from grid modernisation and infrastructure-led demand.
- Companies
- Type
- Opening On
-
Narmadesh Brass Industries
- SME
- 12th Jan
- Pre-Book
-
Avana Electrosystems
- SME
- 12th Jan
- Pre-Book
-
Amagi Media Labs
- Mainboard
- 13th Jan
- Pre-Book
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
INDO SMC IPO opens from January 13, 2026 to January 15, 2026.
The size of INDO SMC IPO is ₹92 Cr.
The price band of INDO SMC IPO is fixed at ₹141 to ₹149.
To apply for INDO SMC IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the INDO SMC. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of INDO SMC IPO is of 2000 shares and the investment required is ₹2,98,000.
The share allotment date of INDO SMC IPO is January 16, 2026
The INDO SMC IPO will likely be listed on January 20, 2026.
Aryaman Financial Services Limited is the book running lead manager for INDO SMC IPO.
1. Investment in new plant and machinery ₹25.71 Cr
2. Allocation towards operational working capital needs ₹52.00 Cr
3. Utilisation for general business objectives